Arkhouse, Brigade raise Macy's buyout bid to $6.6B
Arkhouse Management, a real-estate-focused investing firm said on Sunday it and Brigade Capital Management have raised their offer for Macy's after the department store chain rebuffed their prior p...
Investors raise Macy's buyout bid - WSJ
An investor group seeking to buy Macy's is raising its offer by nearly $1 billion after the department store chain rebuffed its prior proposal as too low, the Wall Street Journal reported on Sunday.
Macy's 'is in a transition year,' says analyst on retailers turnaround plan
Macy's (M) received a downgrade to Market Perform from TD Cowen, which slashed the retailer's price target to $20. The firm cites its excitement about the company's turnaround plans, which involve ...
Macy's (M) Q4 Earnings Beat Estimates, Comp Sales Decline Y/Y
Macy's (M) Q4 results show resilience with strategic adjustments despite a sales decline. The company is well-positioned for growth and long-term profitability.
Macy's flagship store in San Francisco's Union Square faces chopping block: reports
Macy's could potentially shutter the Macy's department store it operates in San Francisco's Union Square area, according to local media reports.
Macy's mulls closing San Francisco flagship amid plans to shutter 150 stores
Macy's is evaluating closing its San Francisco Union Square flagship, weighing the real estate value of the property against the potential for future sales growth at the store, a person familiar wi...
Macy's will add 150 locations to its list of closing stores as sales decline
Iconic department-store chain Macy's today announced that it is preparing to close 150 stores after a disappointing holiday quarter that saw sales fall almost 2%. The announcement of the store clos...
Macy's Bold New Chapter Includes Closing 150 Stores
Macy's released its full-year sales results which showed revenue down 5.5% in 2023 compared to 2022. More concerning for the department store is that comparable store sales were down 6.9%, which is...
Macy's Plans 150 Store Closures in New Strategy, as Chain Faces Proxy Fight
Macy's (M) shares rose nearly 5% in intraday trading Tuesday after it announced 150 store closures in yet another turnaround plan, as the U.S. department store chain tries to shore up its finances ...
Macy's to close 150 stores, as concerns mount about the retailer's future
Macy's (M) seeks to shutter 150 of its "underproductive" retail locations over the next several years into 2026, outlined in its fourth-quarter earnings report. The retail chain rebuffed a $5.8 bil...
Macy's Reports 4th Quarter 2023 And A New Vision For Future
There was a lot of excitement when Tony Spring, the new CEO of Macy's, discussed the past but also unveiled his vision for the future. Macy's. 4th quarter diluted earnings per share were down $(0.2...
Macy's to close 150 stores — 30% of its namesake chain — as new CEO takes helm
Macy's said it will shut down 150 stores — about 30% of its US namesake chain — as the department-store giant tightens its focus on luxury under a new chief executive.
Macy's to shutter 150 stores amid focus on luxury
Department store will close dozens of outlets this year and the rest over a three-year period after issuing muted trading outlook
Macy's to close around 150 locations over the next three years
Macy's plans to close roughly 150 locations through the end of 2026, starting with 50 this year. The retailer says the moves will help it strengthen its brand and return to sales growth.
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