Macy’s urged to deliver shareholder value as Q3 sales dip
Macy's shareholders Barington Capital Group and Thor Equities have urged the US retailer to explore structural changes and enhance shareholder returns following a Q3 net sales decline of 2.4%.
Macy's Third Quarter Profit and Sales Slide and So Do Its Shares
Macy’s is reporting a decline in profits and sales for its third quarter with many customers of the department store chain continuing to divert spending to basics like groceries amid elevated prices
Macy's Financial Woes Continue as Shares, Profit and Sales Slump
Macy's financial woes continue with the company reporting a notable dip in third-quarter profits and sales, reflecting a consumer trend toward prioritizing essentials like groceries over discretionary spending.
Macy's Inc. Q3 Profit Decreases, But Beats Estimates
Macy's Inc. (M) announced a profit for third quarter that decreased from last year but beat the Street estimates. The company's
Macy's shares tumble after profits and sales drop in the third quarter
Macy's shares tumble after profits and sales drop in the third quarter.
Macy's offers a mixed outlook after reporting third quarter profit and sales declines
Macy’s is tightening financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span of nearly three years
Macy's sales paint mixed picture as delayed Q3 results land
As activist pressure builds, Macy's is looking to convince shareholders its Bold New Chapter strategy is strong enough to propel it into the future.
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Thor Equities faces foreclosure at another Manhattan commercial property
The foreclosure action comes after Thor Equities in July lost a pair of Manhattan retail buildings following several missed ...
Macy's activist investors want the retailer to make significant changes
Macy’s faces calls from a pair of activist investors to make a slew of changes at the department store chain. The activist ...
Macy’s provides more details about that employee who hid more than $150 million worth of expenses
Macy’s said Wednesday that it has concluded its investigation into an employee who intentionally hid more than $150 million ...
Activist investor pushes Macy’s to expand Bloomingdale’s business, create real estate unit
Barington Capital partnered with real estate firm Thor Equities on its investment, according to a presentation for Macy’s ...
Activist investor group pushes Macy's to consider options for Bloomingdale's
Barington Capital and Thor Equities urged Macy's to create a real estate unit and consider options for its Bloomingdale's and ...
Macy's real estate, spending cuts the target of new activist investors of retail giant
Two business entities have teamed-up to mount a new effort to takeover the struggling Macy's department store chain, ...
Joe Sitt among activist investors pushing Macy’s for a real estate play
Thor Equities and Barington Capital want the company to unlock retailer’s real estate portfolio, valued at an estimated $9 ...
Macy's cuts annual profit view as weak demand overshadows holiday sales
Macy's on Wednesday cut its annual profit forecast, sending shares down 10% as weak demand at its nameplate stores and heavy ...
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Activist Investor Pushes Macy's To Create Real Estate Subsidiary As Stock Falters
Investors Barington Capital and Thor Equities said creating a specialized subsidiary could increase the value of the ...
Activist Investor Pushes Macy’s for Changes, Including New Real-Estate Unit
Barington is working with Thor Equities and wants the retail company to slash spending.
Macy’s is in deep trouble. It could be sitting on a gold mine
The problem, they say, is Macy’s is sitting on real estate that is more valuable than the company itself – an untenable ...