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Saks Investor Amazon Objects to Bankruptcy DIP Financing

Amazon filed an objection to the debtor-in-possession financing proposal in the Saks Global Chapter 11 bankruptcy proceeded, arguing the arrangement undermines a position Amazon took in Saks when the luxury retailer purchased Neiman Marcus.

Macy CEO Spring Says Strategy Gaining Traction but More Store Closures Are Coming

Macy’s Chairman and CEO Tony Spring told company employees in a memo that the retailer’s “Bold New Chapter” strategy is producing business improvements, but he noted more store closings are necessary to move the company forward.

Walmart, Home Depot Among Retailers Expanding AI Capabilities with Google

Google Cloud unveiled what it has dubbed “Gemini Enterprise for Customer Experience (CX),” an agentic AI platform designed to bring shopping and customer service together on a single intelligent interface for retailers and restaurants. The development comes as retailers including Walmart, The Home Depot, Lowe’s Cos. and Kroger Co. announced AI alignments with Google.