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 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 to close 150 stores and will open new ... - Associated Press News
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, open new Bloomingdale's, Bluemercury
WEBFeb 27, 2024 — Brendan Mcdermid | Reuters. Sales at Macy’s namesake stores have lagged the most — and that business will see the biggest changes. The company plans to close about 150 stores, including 50 that...
Macy's ends buyout talks with Arkhouse and Brigade after ... - NBC News
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 is closing 150 stores nationwide - NBC News
WEBFeb 27, 2024 — Macy's plans to close approximately 150 stores nationwide as part of a massive reorganization that will see it pivot to a greater focus on luxury sales.
Macy's CEO Tony Spring takes over for Jeff Gennette
WEBFeb 4, 2024 — Tony Spring speaks at an event unveiling the Macy’s new women’s apparel brand, On 34th, in July. Spring is former CEO of Bloomingdale’s and begins as Macy’s CEO in February 2024 ...
Macy's settles proxy fight with activist Arkhouse, adds two ... - CNBC
WEBDec 23, 2021 — Macy’s said it would add two new directors to its 15-person board as it settles a proxy fight led by Arkhouse. Arkhouse is also in the middle of negotiating with the department store about a ...