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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....
...Macy’s is to close 20 per cent of its locations by the end of 2026, as the US department store chain implements a turnaround plan just a month after rejecting a $5.8bn takeover bid....
...That compares with Macy’s market valuation of $5.3bn. Arkhouse has not revealed its plans for Macy’s. Past activists wanted to sell real estate and lease it back....
...Macy’s reported third-quarter earnings of 15 cents a diluted share....
...He argues that a $21-per-share price overvalues Macy’s properties....
...We live in a transactional world, as Macy’s knows....
...Roger Macy London N1, UK...
...Owing to the “ongoing macroeconomic pressures and uncertainty on when those will abate,” Macy’s left its annual outlook unchanged....
...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...
...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....
...Macy’s shares plunged 9.35 per cent in pre-market trading on Thursday, after the US department store group cut its full-year guidance and warned of weak discretionary spending....
...Gordon BonnymanEast Sussex, UK Letter in response to this letter: Home almost had the last laugh in the 1964 election / From Roger Macy, London N1, UK...
...5) Secured overnight financing rate’s underlying transaction volumes 6) Turkish lira 7) Macy’s stock price 8) ANGL price: That’s the price of the Van Eck Fallen Angels ETF. It’s seasonal, kind of?...
...“Eight years out, we can’t hire enough radiologists, there’s so much demand,” points out Wachter, who is also a director of the Josiah Macy Foundation, which focuses on medical education....
...Macy’s said its chief executive Jeff Gennette is to retire in February next year after seven years leading the New York-based department chain....
...I used to live in New York so take an interest in Macy’s, the department store. For some time it has traded more on its storied history than its retail prowess....
...Meanwhile, Macy’s, the US department store chain, reported strong results on Thursday. Its shares closed up 5.7 per cent in New York....
...Macy’s reported fourth-quarter earnings of $1.83 a share....
...Even digital sales, one of the few bright spots for Macy’s, fell as a percentage of net sales. The outlook for 2023 is not much better....
...“Prices have just become so unrealistic,” echoed Jessica Prenda, 25, a tech consultant from Brooklyn who was shopping at the Macy’s flagship store....
...Its sells were Halliburton, Norwegian Cruise Line, Royal Caribbean, United Airlines and Macy’s. How does any of that work? Dunno. There’s no way of asking....
...Other supporters include Ulta, Nordstrom and Macy’s, she adds....
...Like BJ’s, Macy’s serves a wide range of households, but it noted that even high-end products were seeing weaker demand, too: “There’s no doubt that there’s a normalisation happening in the luxury sector...
...Consumer companies: Do-it-yourself hardware retailer Lowe’s and department store Macy’s will report results, with investors keen for more commentary on the state of US consumer sentiment....
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