Macy’s Inc – Page 5

Tony Spring, Macy’s New C.E.O., Faces Retail Puzzle

Tony Spring, a Bloomingdale’s veteran, assumes the top job as an investor group threatens to take a buyout bid to shareholders.

By Jordyn Holman and Lauren Hirsch

Gennette, Jeffrey Macy's Inc Mergers, Acquisitions and Divestitures Real Estate (Commercial) Shopping and Retail Spring, Tony

Macy’s Rejects Takeover Bid, but Remains ‘Open to Opportunities’

The retailer, which has struggled to increase its sales as shoppers cut back, acknowledged that it had received an unsolicited buyout offer, which it said ‘lacks compelling value.’

By Lauren Hirsch

Bloomingdale's Gennette, Jeffrey Labor and Jobs Layoffs and Job Reductions Macy's Inc Shopping and Retail Spring, Tony Stocks and Bonds

Macy’s Plans to Cut 2,350 Jobs and Close 5 Stores

The layoffs, focused on corporate positions, will reduce the retailer’s work force by 3.5 percent as a new chief executive prepares to take the reins.

By Jordyn Holman

Brigade Capital Management LP E-Commerce Macy's Inc Mergers, Acquisitions and Divestitures Real Estate (Commercial) Shopping and Retail

Investor Group Is Said to Offer $5.8 Billion for Macy’s

Department stores have been a frequent target of takeover attempts by investors looking to take advantage of prime real estate.

By Lauren Hirsch and Stacy Cowley