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Activist investors urge Macy's to create a real estate unit among other changes to boost stock
Read full article: Activist investors urge Macy's to create a real estate unit among other changes to boost stockActivist investor Barington Capital Group is calling on department store retailer Macy’s to develop an internal real estate subsidiary, reduce capital expenditures, and explore strategic options for its Bloomingdale’s and Bluemercury chains among other changes to boost its slumping stock, according to its proposal made public Monday.
Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings
Read full article: Macy’s says employee hid up to $154 million in expenses, delaying Q3 earningsMacy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue.
Macy's tops expectations for the first quarter as luxury and beauty sales shine
Read full article: Macy's tops expectations for the first quarter as luxury and beauty sales shineMacy’s sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending.
Macy's to close 150 namesake stores as sales slip, pivot to luxury with new Bloomingdale's locations
Read full article: Macy's to close 150 namesake stores as sales slip, pivot to luxury with new Bloomingdale's locationsMacy’s will close 150 unproductive namesake stores over the next three years, including 50 by year-end.
Macy's rejects $5.8B takeover bid from Arkhouse Management, Brigade Capital Management
Read full article: Macy's rejects $5.8B takeover bid from Arkhouse Management, Brigade Capital ManagementMacy’s rejected a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan.
