Luxury department stores Saks Fifth Avenue and Neiman Marcus are merging to create Saks Global, a $2.65 billion empire that includes the two iconic brands and Bergdorf Goodman. The deal aims to give the companies leverage in negotiating with luxury brands and adapting to industry changes. The merger will result in leadership changes, with Marc Metrick becoming CEO of Saks Global and Ian Putnam leading the property and investments business. The move responds to trends such as the decline of department stores and the rise of direct-to-consumer sales by luxury brands. Amazon is also entering the picture, collaborating with Saks Global to innovate for customers and brand partners post-merger. The partnership with Amazon could streamline logistics and e-commerce, positioning the new entity for success in the evolving retail landscape.