In a strategic move to solidify their position in the luxury retail market, the parent company of Saks Fifth Avenue has acquired Neiman Marcus in a $2.65 billion deal. The merger, supported by Amazon.com and Salesforce, aims to retain affluent shoppers in the face of changing consumer habits and increasing competition from fashion brands. The combined company, to be named Saks Global, is expected to reach $10 billion in annual sales, challenging industry giants like LVMH. The deal, financed by existing investors and debt financing, underscores a belief that a unified front will strengthen both Neiman Marcus and Saks. With no immediate plans for store closures, the new entity will leverage its size to negotiate advantageous terms with suppliers and enhance operational efficiency. This acquisition marks a significant move in a luxury retail landscape shaped by evolving consumer preferences and industry dynamics.