Macy's to close 150 stores and will open new ... - Associated Press News
Feb 27, 2024 · Macy’s will close 150 unproductive namesake stores over the next three years, including 50 by year-end. The company made the announcement Tuesday after posting a fourth-quarter loss and declining sales.
Macy's store closures 2024 - full list of stores as 150 set to close - MSN
T he iconic department store Macy's is permanently closing 150 of its locations in the US as part of a re-shake by the company. Bosses announced earlier his week that sales were down as well as a...
Macy’s rejected a takeover offer and is betting on itself
Jul 15, 2024 · Macy’s board of directors voted unanimously to end discussions with Arkhouse Management and Brigade Capital Management over the investors’ offers to acquire the chain.
How Macy's store closures will change shopping malls
Aug 12, 2024 · Macy's namesake stores have long served as an anchor for malls across the country, and its plans to close many of them will lead to widespread change.
Macy's will close 150 stores, open new Bloomingdale's, Bluemercury
Feb 27, 2024 · Macy's. A customer exits the Macy's flagship department store in Herald Square in New York City on Dec. 11, 2023. Brendan Mcdermid | Reuters. Sales at Macy's namesake stores have lagged the...
Macy’s Will Close 150 Stores but Expand ... - The New York Times
Feb 27, 2024 · Macy’s said on Tuesday that it would vastly reshape its strategy and retail footprint, closing about 150 Macy’s stores over the next three years while expanding its upscale Bloomingdale’s and...
Macy's ends takeover talks with Arkhouse and Brigade | AP News
Jul 15, 2024 · Macy’s Inc. said Monday, July 15, it will no longer pursue merger talks with Arkhouse and Brigade, citing the lack of certain financing. In March Arkhouse Management and Brigade Capital Management raised their offer to acquire Macy’s in a deal then valued at $6.6 billion, or $24 per share cash, up from a earlier offer of $21 per share.
Macy’s is laying off workers and closing five stores
Jan 18, 2024 · Macy’s is laying off about 3.5% of its workforce, or roughly 2,350 employees, and closing five stores as it continues to shrink its massive retail business for the online shopping era.
Arkhouse and Brigade up Macy's takeover offer ... - Associated Press News
Mar 4, 2024 · Arkhouse Management and Brigade Capital Management are upping their offer to acquire Macy’s in a deal now valued at $6.6 billion.
Macy's receives a higher buyout offer of $6.6 billion after ... - CBS News
Mar 4, 2024 · Macy's has received a higher buyout offer from two investment firms, Arkhouse Management and Brigade Capital Management, weeks after the department store chain rejected their prior takeover bid...