Saks Fifth Avenue’s flagship store in New York may be filled with highly expensive items but its shares have slumped by as much to 78 per cent thanks to heavy debts, weaker property values and fears that Amazon eat into its market. The trend since 21015 has cost its equity value by US$3.5 billion.
Saks Fifth Avenue’s flagship store in New York may be filled with highly expensive items but its shares have slumped by as much to 78 per cent thanks to heavy debts, weaker property values and fears that Amazon eat into its market. The trend since 21015 has cost its equity value by US$3.5 billion.
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