Macy's, Inc. (M) is modernizing operations and using technology to boost efficiency and market responsiveness, targeting sustainable growth and a return to pre-pandemic financial levels by fiscal 2025. The retailer is enhancing its omnichannel approach by improving digital and in-store integration and expanding digital marketing. Initiatives include flexible payment options and a new digital marketplace to sustain customer spending.Through its "A Bold New Chapter" strategy, Macy's is closing underperforming ...

In this articleMShopping bags in front of the Macy's Inc. flagship store in the Herald Square area of New York, US, on Monday, Nov. 13, 2023. US holiday sales will grow at a slower pace this year amid economic headwinds such as higher interest rates, the National Retail Federation said. Bing Guan | Bloomberg | Getty ImagesTony Spring was already working against the clock to turn Macy's around.Now, the CEO will have two fresh faces on the department store retailer's board of directors as it weighs whether to ...

The newest Carousel @ Bloomingdale's offers shoppers a sentimental one-stop-shop for summer must-havesNEW YORK, April 11, 2024 /PRNewswire/ -- Bloomingdale's today announces the launch of its latest Carousel: Camp Bloomingdale's. The pop-up space will transform into the ultimate summer destination for all ages, complete with a wide assortment of multicategory must-haves including swimwear, accessories, beauty, food, beverage favorites, and so much more. For the first time, Bloomingdale's will welcome Colema ...

Key TakeawaysMacy's on Wednesday appointed two new board members backed by activist investor Arkhouse Management, ending a proxy fight and bringing closer a deal to take the retailer private.The biggest U.S. department store chain said board members Ric Clark and Rick Markee would also be on the Finance Committee, looking at a potential agreement with Arkhouse and its partner.Macy's board had turned down a $21-per-share bid by Arkhouse and Brigade Capital Management in December. Macy’s (M) on Wednesday ende ...

(Photo by Michael M. Santiago/Getty Images)Getty ImagesMacy’s appointed today two new independent directors Richard (Ric) Clark and Richard (Rick) Markee. It is not clear who nominated the directors. In addition, Douglas (Doug) W W . Sessler who was nominated to stand for election as an independent director joins the board immediately while Jeff Gennette and Frank Blake retire from the board at this time. Tony Spring, CEO of Macy’s inc. now also assumes the chairmanship of the company in addition to being ...

Macy’s ended a nearly two-months long proxy contest with Arkhouse Management by adding two of the activist investor’s nominees to its board, the department store chain said Wednesday.The retailer also said it continues to engage with Arkhouse and Brigade Capital Management over their revised buyout proposal.In March, Arkhouse and Brigade raised their offer to acquire Macy’s stock they do not already own for $24 per share, valuing the retailer at $6.6 billion, after the company rejected an earlier bid made i ...

Macy’s Inc (NYSE: M) is trending down at writing after announcing to have settled its proxy fight with Arkhouse Management.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Here’s what it means for $M Copy link to section The department store chain has agreed to add two new directors to its board. Ric Clark and Rick Markee – both nominated by Arkhouse will assume the role immediately as $M is “open-minded about the best path to create shareholder value” ...

Department store Macy's on Wednesday said it had settled its proxy fight with an activist group led by Arkhouse Management, and that it would add two new directors to its 15-person board.The reshuffle moves Macy's closer to a deal that would take the 165-year-old department store private.Ric Clark, a former executive at Brookfield, and Rick Markee will join Macy's board effective immediately. Markee is also on the board of discount retailer Five Below. Both Clark and Markee were Arkhouse nominees."The Board ...

Investors in Macy's, Inc. (M) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 21, 2024 $3.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean th ...

Corner sign of Macy's General Store, proudly claiming to be the largest world store.gettyLet’s be frank. Department stores are a wonderful creation of the last century. There were many cities that had a large number of department stores, some dating back to the 19th century. These store chains grew in size during the 19th and 20th centuries but now, in the 21st century, are falling on hard times. The shopper, who used to sit in lavish dining rooms in stores like Philadelphia’s Wannamaker, now visits the cyb ...