Macy’s Pushed to Find Options for Bloomingdale’s and Bluemercury by Activist Investor
Barington Capital wants the storied retailer to spin off the two chains and get more value out of its real estate.
Activist investor group pushes Macy's to consider options for Bloomingdale's
Barington Capital and Thor Equities urged Macy's to create a real estate unit and consider options for its Bloomingdale's and Bluemercury chains after building a position, the activist investor group said on Monday without disclosing their stake.
Macy's activist investors want the retailer to make significant changes
Macy’s faces calls from a pair of activist investors to make a slew of changes at the department store chain. The activist investors are Barington Capital Group and Thor Equities.
Activist investors want Macy’s to create a real estate unit
They said that Macy's shares are undervalued and that its real estate is worth between $5 billion and $9 billion.
Macy's activist investor may be 'most truthful' about retailer's future
Macy’s is facing off with an activist investor group that thinks the real estate it sits on is more valuable than the company itself.
Joe Sitt among activist investors pushing Macy’s for a real estate play
Thor Equities and Barington Capital want the company to unlock retailer’s real estate portfolio, valued at an estimated $9 billion.
Macy's third quarter profit and sales slide and so do its shares
Macy's profit and sales declined in the third quarter as the department store chain wrestled with cautious spending by ...
Macy's accelerates store closures this year
Macy's said its accelerating the number of stores it plans to close this year as it works to turn around the struggling ...
Macy's offers a mixed outlook after reporting third quarter profit and sales declines
Macy’s is tightening financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span of nearly three years ...
Macy's Lowers Annual Profit Forecast Amid Accounting Misstep, Stock Tumbles
Macy's Q3 results reveal sales of $4.74 billion, a 2.4% decline in net sales, and guidance adjustments following an ...
Macy’s Reports Mixed Third Quarter Financial Results
Macy’s ( (M) ) has released its Q3 earnings. Here is a breakdown of the information Macy’s presented to its investors.Pick the best stocks and ...
Macy’s third-quarter profit and sales slide and so does its shares
Macy’s profit and sales slumped in the third quarter with many customers of the department store chain continuing to divert ...
A Glimpse Into The Expert Outlook On Macy's Through 4 Analysts
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $16.75, along ...
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Macy's Q3 Earnings Miss Estimates, Comparable Sales Decline Y/Y
Macy’s, Inc. M reported third-quarter fiscal 2024 results, wherein the top line surpassed the Zacks Consensus Estimate but ...