Macy’s Will Close 150 Stores but Expand ... - The New York Times
Feb 27, 2024 · Macy’s said on Tuesday that it would vastly reshape its strategy and retail footprint, closing about 150 Macy’s stores over the next three years while expanding its upscale Bloomingdale’s and...
Macy’s, Inc. Announces “A Bold New Chapter” – Challenging the …
February 27, 2024. Strengthens the Macy’s Nameplate, Accelerates Luxury Growth and Simplifies and Modernizes End-to-End Operations. Focuses Macy's resources by closing approximately 150 underproductive locations through 2026. Prioritizes Macy’s investments in approximately 350 go-forward locations.
Macy’s rejected a takeover offer and is betting on itself
Jul 15, 2024 · Macy’s board of directors voted unanimously to end discussions with Arkhouse Management and Brigade Capital Management over the investors’ offers to acquire the chain.
Macy’s shares soar on report of buyout offer | CNN Business
Dec 11, 2023 · Shares of Macy’s soared more than 17% early Monday on a Wall Street Journal report that the iconic 165-year old retailer closely associated with the holiday season might itself be bought.
Macy's to close 150 stores and will open new ... - Associated Press News
Feb 27, 2024 · Macy’s will close 150 unproductive namesake stores over the next three years, including 50 by year-end. The company made the announcement Tuesday after posting a fourth-quarter loss and declining sales.
Macy's receives a higher buyout offer of $6.6 billion after ... - CBS News
Mar 4, 2024 · Macy's has received a higher buyout offer from two investment firms, Arkhouse Management and Brigade Capital Management, weeks after the department store chain rejected their prior takeover bid...
Macy's ends buyout talks with Arkhouse and Brigade after ... - NBC News
Jul 15, 2024 · Department store Macy’s said Monday its board has unanimously decided to end negotiations with the activist group that had been looking to take the retailer private for roughly $6.9 billion,...
Macy's shares surge 21% after it receives $5.8 billion buyout offer
Dec 11, 2023 · Macy’s shares surge following a $5.8 billion buyout offer. Arkhouse Management and Brigade Capital Management have offered to buy Macy’s for $5.8 billion, people familiar with the matter told...
Macy’s Rejects Takeover Bid, but Remains ‘Open to Opportunities’
Jan 22, 2024 · Macy’s rejected a $5.8 billion takeover bid late Sunday that valued the struggling department store chain at roughly 20 percent above its closing share price on Friday, but suggested it was...
Macy's will close 150 stores, open new Bloomingdale's, Bluemercury
Feb 27, 2024 · Macy's. A customer exits the Macy's flagship department store in Herald Square in New York City on Dec. 11, 2023. Brendan Mcdermid | Reuters. Sales at Macy's namesake stores have lagged the...