by Mike Duff | Mar 15, 2024 | Retail Articles
Faced with a proxy fight, Macy’s announced the nomination of Douglas Sesler, founder and president of Fair Street Partners, to stand for election to the company’s board of directors at its 2024 annual meeting of shareholders. Arkhouse Management Co. has nominated a...
by Mike Duff | Mar 4, 2024 | Retail Articles
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...
by Mike Duff | Feb 27, 2024 | Retail Articles
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....
by Mike Duff | Feb 23, 2024 | Retail Articles
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...
by Mike Duff | Feb 21, 2024 | Retail Articles
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...
