How Macy's store closures will change shopping malls
WEBAug 12, 2024 · Macy's namesake stores have long served as an anchor for malls across the country, and its plans to close many of them will lead to widespread change.
Macy’s, Inc. Announces “A Bold New Chapter” – Challenging the …
WEBFebruary 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 to close 150 stores and will open new ... - Associated Press …
WEBFeb 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 rejected a takeover offer and is betting on itself
WEBJul 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 Will Close 150 Stores but Expand ... - The New York Times
WEBFeb 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 will close 150 stores, open new Bloomingdale's, Bluemercury
WEBFeb 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...
Macy's ends buyout talks with Arkhouse and Brigade after ... - NBC …
WEBJul 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 Rejects Takeover Bid, but Remains ‘Open to Opportunities’
WEBJan 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 shares soar on report of buyout offer | CNN Business
WEBDec 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 ends takeover talks with Arkhouse and Brigade | AP News
WEBJul 15, 2024 · Macy’s Inc. said Monday, July 15, it will no longer pursue merger talks with Arkhouse and Brigade, citing the lack of certain financing. In March Arkhouse Management and Brigade Capital Management raised their offer to acquire Macy’s in a deal then valued at $6.6 billion, or $24 per share cash, up from a earlier offer of $21 per share.
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