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 ...

In this podcast, Motley Fool analyst Jason Moser and host Deidre Woollard discuss:What could impact the stock market's recent rally?The potential future for Macy's.Sports Illustrated and the value of legacy brands.Deidre interviews Jamil Khan, chief strategy & small business officer at H&R Block, on where the tax-preparation company is headed next.To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investin ...

Group 1 - Arkhouse has secured financing to take Macy's private with a bid of $5.8 billion, but faces challenges due to lack of cooperation from Macy's management on due diligence [1] - Arkhouse and Brigade Capital made an unsolicited bid of $21 per share for Macy's, representing a premium of over 32%, but this offer was rejected by Macy's board [2] - Macy's board expressed skepticism about the feasibility of Arkhouse and Brigade's proposed financing and declined to enter into a non-disclosure agreement or allow due diligence to proceed [2] Group 2 - Arkhouse indicated a willingness to increase its bid above the original $21 per share, contingent upon Macy's management agreeing to a mutual non-disclosure agreement [2] - The response from Macy's management in the coming days will be crucial for Arkhouse's next steps in the acquisition process [1]

Private-equity giant Sycamore Partners is exploring a possible bid to buy Macy’s – even as the iconic retail chain this week rejected an unsolicited offer from another bidding group, The Post has learned.Sycamore — a prolific buyout firm whose retail properties include Ann Taylor, Talbots and the regional department-store chain Belk — has been in quiet talks with Macy’s, which also owns Bloomingdale’s, since at least late December, sources told The Post. The biggest department store in the US has become a ...

Macy's (M) closed at $18.14 in the latest trading session, marking a -0.27% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.08%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq added 0.36%.Shares of the department store operator witnessed a loss of 10.48% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 0.71% and the S&P 500's gain of 2.4%.The investment community will be paying close attention to the earn ...

Macy's, Inc. (M) recently made headlines by responding to an unsolicited acquisition offer. Arkhouse Management Co. LP and Brigade Capital Management, LP proposed to buy all outstanding shares of Macy’s at $21.00 per share, a bid that Macy's board of directors rejected.Let’s delve deeper.The proposal, received on Dec 1, 2023, was deemed non-binding and lacking in substantial value by Macy’s board. The board's primary concern was the absence of a solid financing plan from Arkhouse and Brigade. Despite reques ...

Macy’s board of directors on Sunday rejected a $5.8 billion bid to take the company private because the proposal "lacks compelling value." Arkhouse Management Co. LP and partner Brigade Capital Management LP, which already has a significant stake in Macy's through Arkhouse-managed funds, issued an unsolicited proposal in December to acquire all the outstanding shares of the 165-year-old department store chain for $21 per share in cash. Macy's said its board "conducted a careful review of the proposal" with ...