Arkhouse Management and confederate Brigade Capital Management have upped the ante in their bid to takeover Macy’s, bringing the proposal to purchase outstanding share of Macy’s for $24 each. Macy’s acknowledged the receipt of a letter from Arkhouse outlining the new...
As it reported fourth-quarter financial results that exceeded Wall Street expectations, Macy’s is launching a new strategy dubbed “A Bold New Chapter” to improve financial and operational performance, including 150 planned store closings over three years....
Warehouse clubs dominated the American Customer Satisfaction Index among general merchandise retailers, but Macy’s and Target were also among the leaders. Costco and Macy’s led all others with a satisfaction score of 82 with Target and Sam’s Club just behind at...
As the company considers investor interest in a buyout, Macy’s announced that it had received notice from Arkhouse Management Co. about its nomination of directors to the retailer’s board. In an interview with Bloomberg, Gavriel Kahane, managing partner of Arkhouse...
In connection with its leadership succession plan made public on March 29, 2023, Macy’s has announced that Tony Spring has taken over the CEO role at the company, succeeding Jeff Gennette, who is retiring. Gennette will continue as chair of the Macy’s board until the...
