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...Macy’s rejected the activists’ $5.8bn offer in January and instead implemented a turnaround strategy under which 20 per cent of its stores will be closed by the end of 2026....
...The New York-based company, which operates 718 stores, announced it would close 150 “underproductive” locations, starting with 50 by the end of this year....
...Analysts think the property portfolio could be worth anywhere between $6bn to $12bn, with Macy’s flagship Herald Square store in New York City the crown jewel....
...Macy’s reported third-quarter earnings of 15 cents a diluted share....
...This article is part of FT Globetrotter’s guide to New York Manhattan may be full of smart wine bars and restaurants with impressive cellars, but one of the best ways to imbibe in New York is to visit one...
...Many assumed Isabel Wilkinson Schor’s New York-based womenswear line Attersee was a natural outcome of her years-long proximity to fashion brands – after all, she worked as T Magazine’s digital director,...
...Other companies: Constellation Energy, JM Smucker, Norwegian Cruise and Macy’s report earnings before the bell. Cava, eBay and Bumble will report after the bell....
...The chain received a $5.8bn leveraged buyout bid this month from an investor group that may be interested in its property, including its flagship store in New York City....
...Macy’s stock gained 19 per cent Monday on news of the $21-per-share offer from Brigade Capital Management and Arkhouse Management....
...Leland Goss (“Flaws in New York State’s well-intended debt plan”, Letters, March 13) mischaracterises important aspects of the proposed New York State legislation....
...Share moves to note on the New York Stock Exchange include Macy’s, Cigna, and Tesla: Macy’s surged 20 per cent following reports the department store operator was the subject of a potential $5.8bn buyout...
...Proper understanding of the power asset managers have is central to the importance of what secretary Kerry rightly laments in this article. Ashley HarrisNew York, NY, US...
...Shares in Accenture fell 8 per cent in early trading in New York, the biggest drop since the beginning of the Covid-19 pandemic in 2020....
...The stock closed at $50.44 after trading began on Thursday at the New York Stock Exchange under the ticker RDDT, up 48 per cent from its IPO price of $34 a share....
...Mario J Rizzo Professor of Economics, New York University, New York, NY, US Letter in response to this letter: Take 4: female economists / From Giles Conway-Gordon, Ronan, MT, US...
...Microsoft has accused The New York Times of “doomsday futurology” for predicting that ChatGPT could ruin the news business, as it seeks to dismiss a lawsuit that claims the artificial intelligence bot’s...
...As the New York fraud case demonstrated, he has a long history of exaggerating his wealth. What about Truth Social?...
...And in May she will show, for a second time, at the prestigious TEFAF art fair in New York, where past jewellers have included Christian Hemmerle, Boghossian and Otto Jakob....
...The office of the US attorney for the Southern District of New York declined to comment....
...order came just hours after Trump attacked Juan Merchan, the Manhattan judge overseeing the case, in a social media post, calling him “a true and certified Trump Hater who suffers from a very serious case of...
...A New York appeals court has reduced the size of the bond payable by Trump to delay the enforcement of a $464mn fraud judgment to just $175mn, after the former president claimed it would be “impossible”...
...delightful Olympian candour) to underwrite the costs of taking on the News of the World....
...Last week, climate protesters opened a new front — by storming a room of polite accountants. On Thursday, climate activists seized the stage at the IFRS Sustainability Symposium in New York....
...Shares of New York Community Bancorp plunged on Wednesday after the lender that bought failed Signature Bank in the middle of last year’s regional banking turmoil cut its dividend to boost its capital and...
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