Macy’s Inc. said Sunday it has rejected an unsolicited bid by Arkhouse Management and Brigade Capital Management to take the department-store chain private in a $5.8 billion deal,…
Read more Macy’s rejects $5.8 billion takeover bid; Arkhouse threatens to go to shareholdersDepartment-store chain Macy’s Inc. plans to cut 2,350 jobs and close five stores, the Wall Street Journal reported on Thursday, as the company tries to curb expenses and…
Read more Macy’s to lay off 13% of corporate staff, close five storesMacy’s Inc.’s stock slid 9% in premarket trading Thursday, after the department-store chain posted weaker-than-expected fiscal first-quarter sales and cut its full-year guidance to reflect a challenged consumer.…
Read more Macy’s sales fall short and company lowers full-year guidance to reflect challenged consumerShares of department-store chain Macy’s Inc. slid 8% in after-hours trading on Friday after the retailer gave a more downbeat forecast on its fourth-quarter sales, with management citing…
Read more Macy’s stock slides as holiday lulls weigh on sales forecast and execs predict difficulties into 2023
