February 29, 2024
“…First, Macy’s will have to downsize. The company is closing 150 underperforming stores — 50 by the end of 2024 and the other 100 over the next few years. By 2026, it will have just 350 Macy’s stores, the company… Continue Reading…
January 25, 2024
“…The once darling department store faces an uncertain future after it rejected a $5.8 billion buyout offer from one of its shareholders, Arkhouse, and its partner Brigade Capital Management, on Sunday. Macy’s cited financing issues as a reason for the… Continue Reading…
December 29, 2023
“Arkhouse Management and Brigade Capital Management have offered to buy Macy’s for $5.8 billion, people familiar with the matter told CNBC on Sunday. The offer values the retailer at $21 per share, according to the sources. Macy’s closed at just over $17… Continue Reading…
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