Another activist investor is urging Macy’s Inc. to take drastic steps to boost its stock price. Barington Capital Group is calling on Macy’s to cut …
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Macys
Former Macy’s Employee Amasses Millions in Expenses, Kate Moss Partners with Zara, and Hearst’s Massive Layoffs
Image courtesy of fashionista.com There have been massive layoffs at Hearst publications; 175 staff layoffs to be exact across its fashion and publishing teams. These …
Macy’s Delays Results After Finding Employee Hid Millions in Delivery Expenses
Macy’s on Monday delayed its third-quarter results after finding that an employee hid as much as $154 million in expenses over years, instead issuing preliminary …
Macy’s Plans 60 New Bluemercury Stores in 2019
CINCINNATI, United States — Macy’s Inc., pleased so far with the performance of Bluemercury, is pushing for more. The cosmetics brand, acquired by Macy’s for …
Macy’s Targets Menswear Shoppers With New Private Label
Macy’s is looking to address gaps with its menswear customers by launching a new private label aimed at contemporary males shoppers. On Thursday, the retailer …
Macy’s Tempers Annual Revenue View on Weak Demand for Pricier Goods
Macy’s lowered its annual net sales forecast on Wednesday as inflation-weary customers hold back from spending on upscale apparel and accessories, sending shares of the …
Macy’s Ends Buyout Talks With Activist Investors
Macy’s board unanimously voted to terminate discussions with Arkhouse Management and Brigade Capital, two activist investor groups that had been looking to take the department …
Arkhouse, Brigade Capital raise buyout offer for Macy’s to $6.9 billion, WSJ reports
Shares of the department store chain were up 1.1% in after-market trading. The new proposal is to acquire Macy’s stock that Arkhouse and Brigade Capital …
Promising Signs for Macy’s Turnaround
Macy’s chief executive Tony Spring wants to make an important distinction about his plan to turn around the ailing department store chain: He’s not rebuilding, …
Macy’s Profit Beats Estimates as Turnaround Shows Progress
Macy’s Inc. handily beat profit estimates in the most recent quarter, leading the department-store operator to raise its outlook for the remainder of the year. …
This Week, Hoka, Macy’s and Ralph Lauren Play the Expectations Game
Checking in on the Sneaker Upstarts Newish sneaker brands continue to nibble away at Nike’s and Adidas’ market share, a trend that will be on …
Op-Ed | How Macy’s Can Repel the Barbarians at Its Gate
Macy’s Inc. is under siege from Arkhouse Management Co. and Brigade Capital Management, which earlier this spring raised their initial bid for the retailer to $6.6 billion. …
Macy’s Appoints Two New Directors Ending Proxy Contest With Arkhouse
Macy’s said on Wednesday it has appointed two independent directors to its board, ending a proxy contest with activist investor Arkhouse Management. In March, Arkhouse and …
Potential Deals for Nordstrom and Macy’s Put Private Ownership Back in Vogue for US Retailers
America’s biggest publicly traded department store chains could be set for private-equity or hedge-funds ownership, dramatically changing the retail landscape in the United States. Investments …
Arkhouse Says in Talks With Macy’s for Due Diligence Amid Push for Higher Bid
Macy’s investor Arkhouse Management said on Thursday the US department store was in talks with the investment firm for opening its books for due diligence …
Power Moves | L’Oréal Appoints New CEO, Macy’s Taps Consultant as CFO
LONDON, United Kingdom — BoF compiles the most important professional moves of the week. L’Oréal names CEO. Nicolas Hieronimus will take over from Jean-Paul Agon …
Macy’s Surges After Investor Group Sweetens Take-Private Bid to $6.6 Billion
Macy’s shares jumped 16 percent before the bell on Monday after investors Arkhouse Management and Brigade Capital sweetened their take-private bid over the weekend, valuing …
Activist Investors Raise Macy’s Buyout Bid to $6.6 Billion
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 …
Is Macy’s ‘Bold New Chapter’ Bold Enough?
When Macy’s unveiled a new turnaround plan on Tuesday, it came along with a collective sense of deja vu. The American department store chain is …
Macy’s Forecasts Annual Sales Below Estimates, to Shutter 150 Stores
Macy’s forecast annual sales largely below market expectations on Tuesday on weak demand for its apparel and shoes, and said it would close 150 stores …