Investment firm Arkhouse Management has launched a proxy fight at Macy's, nominating a slate of nine directors for election to the department store's board.Macy's on Tuesday confirmed that it had received notice of the nominations from Arkhouse, which made an unsolicited $21-a-share bid for the company in December. Macy's board rejected that $5.8 billion offer and questioned the status of Arkhouse's financing.Arkhouse managing partner Gavriel Kahane previously told CNBC that the firm's financing was committ ...

NEW YORK--(BUSINESS WIRE)--Macy’s, Inc. (NYSE: M) will report its fourth quarter and full-year 2023 sales and earnings results on Tuesday, February 27, 2024. The company will host a call and webcast with financial analysts and investors at 8:00 a.m. ET. The call will be hosted by Macy’s, Inc.’s Chief Executive Officer Tony Spring and Chief Operating and Chief Financial Officer Adrian Mitchell. The general public and the media will be able to access the live webcast and associated presentation via the compa ...

The most recent trading session ended with Macy's (M) standing at $19.27, reflecting a +1.64% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.96% gain on the day. Elsewhere, the Dow gained 0.4%, while the tech-heavy Nasdaq added 1.3%.The department store operator's shares have seen an increase of 4.35% over the last month, surpassing the Retail-Wholesale sector's gain of 4.23% and the S&P 500's gain of 3.69%.Investors will be eagerly watching for the performance of Macy' ...

Virginia Beach, Va. - USA -March 5, 2011: Macy\'s sign on a department store building at a local ... [+] mall.gettyMacy’s new CEO Tony Spring introduced a new private label called “State of Day” in his first week on the job. It is fine loungewear and sleepwear for women, inspired by busy women who want to retreat from the hustle and bustle of the day and enjoy some quiet, relaxing time at home.This is the new CEO’s first move and a significant sign that he wants to move his company more into quality private ...

State of Day is designed to take the busy woman from sunrise to slumber and all the little moments in between. (Photo: Business Wire)State of Day is designed to take the busy woman from sunrise to slumber and all the little moments in between. (Photo: Business Wire)State of Day is designed to take the busy woman from sunrise to slumber and all the little moments in between. (Photo: Business Wire)State of Day is designed to take the busy woman from sunrise to slumber and all the little moments in between. (P ...

Macy's (M) closed at $18.36 in the latest trading session, marking a -1.45% move from the prior day. This change lagged the S&P 500's daily loss of 0.32%. Elsewhere, the Dow saw a downswing of 0.71%, while the tech-heavy Nasdaq depreciated by 0.2%.The the stock of department store operator has fallen by 1.01% in the past month, lagging the Retail-Wholesale sector's gain of 5.56% and the S&P 500's gain of 4.59%.The investment community will be paying close attention to the earnings performance of Macy's in i ...

Tony Spring (Photo by Kevin Mazur/Getty Images for The Estee Lauder Companies)gettyToday is the first day that Tony Spring has taken charge of the entire Macy organization. After a three quarter of a year as an understudy to Jeff Gennette, the former CEO, Tony Spring is now in-charge as President and CEO of Macy’s Inc. Jeff will remain chairman of the board until the 2024 annual meeting.As we welcome Tony, I have a few suggestions for growth for Macy’s in the coming years.As a former Macy associate, an anal ...

Macy’s CEO Tony Spring will officially grab the reins on Sunday as the storied retailer faces slowing sales growth and takeover threats.Spring, 58, who has climbed the ladder at high-end sister company Bloomingdales, has been Macy’s CEO-elect since last March — when Jeff Gennette announced plans to retire.“I am excited to take on the role of CEO of Macy’s, Inc. and to apply my over three decades of experience with our nameplates to build on this strong foundation and lead our company forward,” Spring said ...

NEW YORK--(BUSINESS WIRE)--Macy’s, Inc. (NYSE: M) today announced that, in connection with its leadership succession plan announced on March 29, 2023, Tony Spring (58) will serve as chief executive officer of the company, effective February 4, 2024. Spring succeeds Jeff Gennette (62), who is retiring as chief executive officer after serving the company for 40 years. Gennette will continue as chair of the board until the company’s 2024 Annual Meeting, with Spring becoming board chair as of the Annual Meeting ...

The most recent trading session ended with Macy's (M) standing at $18.63, reflecting a -0.21% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 0.06%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.76%.The department store operator's shares have seen a decrease of 7.21% over the last month, not keeping up with the Retail-Wholesale sector's gain of 1.86% and the S&P 500's gain of 3.36%.The upcoming earnings release of Mac ...