Activist investor pushes Macy’s to expand Bloomingdale’s business, create real estate unit
Barington Capital partnered with real estate firm Thor Equities on its investment, according to a presentation for Macy’s shareholders.
Macy’s Pushed to Find Options for Bloomingdale’s and Bluemercury by Activist Investor
Barington Capital wants the storied retailer to spin off the two chains and get more value out of its real estate.
Activist investor group pushes Macy's to consider options for Bloomingdale's
The group said Macy's board lacks the "knowledge, vision and desire" to extract the maximum value of its real estate assets, which it said was worth between $5 billion and $9 billion. The push for a review comes as the activists investors see strong sales at higher-end Bloomingdale's and Bluemercury chains compared with Macy's eponymous outlets.
Activist Investors Urge Macy's to Create a Real Estate Unit Among Other Changes to Boost Stock
Activist investor Barington Capital Group is calling on department store retailer Macy’s to develop an internal real estate subsidiary, reduce capital expenditures, and explore strategic options for its Bloomingdale’s and Bluemercury chains among other changes to boost its slumping stock,
Activist investors want Macy’s to create a real estate unit
They said that Macy's shares are undervalued and that its real estate is worth between $5 billion and $9 billion.
Macy's urged to consider options for Bloomingdale's by activist investor
Barington Capital has built a position in Macy's and is urging the department store chain to create a real-estate unit and consider options for its Bloomingdale's and Bluemercury chains, the activist investor said on Monday.
Macy's real estate, spending cuts the target of new activist investors of retail giant
Two business entities have teamed-up to mount a new effort to takeover the struggling Macy's department store chain, according to new information.
Activist investors call on Macy’s to hive off real estate properties
Barington Capital and investment partner Thor urge measures to revive US department store chain’s flagging share price
On the naughty list: Bloomingdale’s Santa faces backlash from parents — because he’s wearing green
Bloomingdale’s Santa faces backlash from parents — because he’s wearing green - Santa Claus at Bloomingdale’s is dressed in ...
Macy's tightens financial controls after employee covered up what became a $151 million mistake
NEW YORK (AP) — Macy's said Wednesday that it has tightened internal financial accounting measures after completing a probe ...
Macy's offers a mixed outlook after reporting third quarter profit and sales declines
Macy’s is tightening financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span of nearly three years ...
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Bloomingdale’s to Debut Mini Store Concept Bloomie’s at Fields West, More Tenants Announced
Other signed leases include the first DFW location of Mastro’s Steakhouse as well as Kendra Scott, and Mexican Sugar.
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Resident jumps from second floor to escape fire in Bloomingdale townhouse
A resident jumped from a second-floor window to escape a fire Friday evening that resulted in $100,000 damage to a townhouse in Bloomingdale. Firefighters called about 5:40 p.m. to the 200 block of ...
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Frisco's Fields West development to get 'Bloomie's" concept from Bloomingdales
The Karahan Companies, developer of Fields West, announced that they have completed a deal with Bloomingdale’s for the ...
Macy's cuts adjusted profit forecast, shares fall 7%
Macy's on Wednesday cut its annual profit forecast, as it struggles with increased promotions during the holiday shopping ...
Macy's Financial Woes Continue as Shares, Profit and Sales Slump
Macy's financial woes continue with the company reporting a notable dip in third-quarter profits and sales, reflecting a consumer trend toward prioritizing essentials like groceries over discretionary ...