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 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 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 activist investors want the retailer to make significant changes
Macy’s faces calls from a pair of activist investors to make a slew of changes at the department store chain. The activist investors are Barington Capital Group and Thor Equities.
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.
Activist investor group pushes Macy's to consider options for Bloomingdale's
Barington Capital and Thor Equities urged Macy's to create a real estate unit and consider options for its Bloomingdale's and Bluemercury chains after building a position, the activist investor group said on Monday without disclosing their stake.
Macy's activist investor may be 'most truthful' about retailer's future
Macy’s is facing off with an activist investor group that thinks the real estate it sits on is more valuable than the company itself.
Joe Sitt among activist investors pushing Macy’s for a real estate play
Thor Equities and Barington Capital want the company to unlock retailer’s real estate portfolio, valued at an estimated $9 billion.
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
Macy’s reported a decline in profits and sales for its third quarter with many customers of the department store chain ...
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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.
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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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 third-quarter profit and sales slide and so does its shares
Macy’s profit and sales slumped in the third quarter with many customers of the department store chain continuing to divert ...
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 ...
City of Bloomingdale Christmas Parade, festivities
More Christmas festivities will kick off in Bloomingdale on Saturday. The Bloomingdale Christmas Parade will start at 10 a.m.