Macy's third quarter profit and sales slide and so do its shares
Macy's profit and sales slumped in the third quarter with many customers of the department store chain continuing to divert spending to basics like groceries as they deal with broadly higher prices. The New York retailer which owns upscale Bloomingdale’s and the cosmetics chain Bluemercury raised sales expectations for the year,
The foreclosure action comes after Thor Equities in July lost a pair of Manhattan retail buildings following several missed ...
Macy’s faces calls from a pair of activist investors to make a slew of changes at the department store chain. The activist ...
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Macy’s said Wednesday that it has concluded its investigation into an employee who intentionally hid more than $150 million ...
Barington Capital partnered with real estate firm Thor Equities on its investment, according to a presentation for Macy’s ...
Barington Capital and Thor Equities urged Macy's to create a real estate unit and consider options for its Bloomingdale's and ...
Thor Equities and Barington Capital want the company to unlock retailer’s real estate portfolio, valued at an estimated $9 ...
Two business entities have teamed-up to mount a new effort to takeover the struggling Macy's department store chain, ...
Macy's on Wednesday cut its annual profit forecast, sending shares down 10% as weak demand at its nameplate stores and heavy ...
Investors Barington Capital and Thor Equities said creating a specialized subsidiary could increase the value of the ...
Barington is working with Thor Equities and wants the retail company to slash spending.
The problem, they say, is Macy’s is sitting on real estate that is more valuable than the company itself – an untenable ...
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