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 …
Macys
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 …
Macy’s Rejects Arkhouse’s $5.8 Billion Bid, Citing Financing Concerns
Macy’s said on Sunday it had rejected Arkhouse Management and partner Brigade Capital Management’s $5.8 billion proposal to take the department store operator private, citing …
Macy’s to Slash 2,350 Jobs, Close Stores in Streamlining Effort
US department store chain Macy’s is cutting 2,350 jobs and closing five stores, as it aims to streamline its operations, a company spokesperson told Reuters …
Unpacking Macy’s Surprise Buyout Offer
An offer by a pair of investment firms to take Macy’s private has shareholders excited, but the offer could spell trouble for the fashion industry …
Macy’s Investors Mount $5.8 Billion Buyout Bid
An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy’s private, after stiff …
Macy’s Rises as Profit Beats Forecasts on Improved Inventory
Macy’s Inc. reported third-quarter profit that beat expectations thanks to better inventory management, though same-store sales fell for a third straight quarter. The results underscore …
How to Earn and Save with Macy’s Star Rewards • budget FASHIONISTA
If you’ve been around Budget Fashionista for a while, you know I regularly recommend the strategic use of store loyalty programs to save money. My …
Macy’s Falls After Cutting Outlook as Demand Trends Worsen
Macy’s Inc. said earnings will be weaker than previously expected for the full year, underscoring the uncertainty around US consumer spending through the remainder of …
Macy’s Insider Spring to Replace Turnaround CEO Gennette Next Year
Macy’s Inc chief executive officer Jeff Gennette will retire next year after four decades with the U.S. department store chain, the company said on Wednesday …
Macy’s Forecasts Full-Year Profit Above Estimates
Macy’s Inc forecast full-year profit largely above Wall Street estimates on Thursday, as the department store operator looks to cut back on promotions to protect …
Mariah Carey Goes Dramatic at Macy’s Parade Performance in Red Dress – Footwear News
Mariah Carey closed the Macy’s Thanksgiving Parade in New York City on Nov. 24 in a custom red dress alongside her 11-year-old twins, Moroccan and …
Mariah Carey Stuns In Red Gown & Tiara For Special Macy’s Thanksgiving Day Parade Performance
View gallery Image Credit: Gregory Pace/Shutterstock As Thanksgiving comes to a close, you know what that means: CHRISTMAS! Mariah Carey formally kicked off Christmas celebrations …
Macy’s Profits From Wealthy Shoppers, Kohl’s Feels Inflation Pinch
Upscale US retail chain Macy’s Inc raised its annual profit forecast on Thursday on resilient demand for high-end clothes and beauty products, while the inflation …