Macy's Inc
Previous Canada Primary Minister's hedge fund pushes Kohl's to provide alone: Reuters
Then Primary Minister Stephen Harper addresses supporters soon after he shed the federal election in Calgary, Alberta, October 19, 2015. Todd Korol | Toronto Star | Getty Images An activist hedge fund chaired by former Canadian Primary Minister Stephen Harper is pushing U.S. division retailer operator Kohl’s to market itself, according to individuals familiar with […]
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New Macy's CEO Tony Spring looks to revive a 166-year-old retailer fighting for relevance
Tony Spring speaks at an event unveiling the Macy’s new women’s apparel brand, On 34th, in July. Spring is former CEO of Bloomingdale’s and begins as Macy’s CEO in February 2024, succeeding longtime Macy’s CEO Jeff Gennette, right. Melissa Repko | CNBC Inside its headquarters in New York City’s Herald Square, Macy’s got ready to […]
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Arkhouse has financing in place for a Macy's take-private, managing partner Kahane says
Arkhouse has the financing in place to take Macy’s private at a bid of $5.8 billion, managing partner Gavriel Kahane told CNBC Thursday, but the activist investor has run into roadblocks without the department store retailer’s cooperation on due diligence. “At this stage, based on public information, there isn’t a bank in the world that […]
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Retail CEO turnover soars, and fewer women hold top jobs in the industry
Michelle Gass, chief executive officer of Kohls Corp., at the National Retail Federation Inc. annual honors in New York, Jan. 12, 2020. Bess Adler | Bloomberg | Getty Images Turnover in C-suites spiked across industries last year — and in retail in particular. Next week, new CEOs will take over at both Levi Strauss and […]
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Wayfair shares surge after home goods retailer announces 1,650 job cuts, 13% of workforce
Wayfair is cutting 13% of its global workforce as the digital home goods retailer continues its efforts to trim down its structure, cut out layers of management and reduce costs after going “overboard” with corporate hiring during the Covid pandemic, it announced Friday. The company plans to lay off around 1,650 employees, including 19% of […]
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Macy's to slash far more than 2,300 positions, about 3.5% of its workforce, and near 5 shops
Individuals cross the road exterior Macy’s Herald Sq. retailer on December 17, 2023 in New York Metropolis. Kena Betancur | Corbis Information | Getty Photos Macy’s on Thursday explained it will lower about 3.5% of its workforce and shut five of its namesake shopping mall spots as the legacy department keep moves to trim costs and turn close […]
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Online holiday spending jumps nearly 5% to new record, Adobe Analytics says
A UPS worker sorts packages in New York on Dec. 18, 2017. Adam Jeffery | CNBC Online spending rose 4.9% year over year, setting a record for e-commerce during the holiday season, as shoppers pounced on discounts and leaned on buy now, pay later to cover more of their purchases, according to Adobe Analytics. Sales […]
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Stocks building the biggest moves midday: Oracle, Lucid, Centene, Hasbro and additional
Check out out the providers earning headlines in midday investing. Oracle — The application company tumbled 11% on Tuesday, a working day soon after reporting reduce revenue than analysts envisioned for the fiscal 2nd quarter . Oracle posted $12.49 billion, beneath the consensus estimate of $13.05 billion from analysts polled by LSEG. Lucid Team — […]
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Macy's receives $5.8 billion buyout offer, sources say
People wait in line outside Macy’s before opening on “Black Friday” in New York City on November 24, 2023. The retail sector’s efforts to entice holiday gift purchases builds to a crescendo this weekend with the annual “Black Friday” shopping day followed by the newer “Cyber Monday.” (Photo by Yuki IWAMURA / AFP) (Photo by […]
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Walmart CEO says consumers may not be as resilient next year, even as deflation starts to show
Doug McMillon, chief executive officer of Walmart Inc., during a panel session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 18, 2023. Stefan Wermuth | Bloomberg | Getty Images Holiday shoppers are turning to Walmart for groceries and gifts, but CEO Doug McMillon said it’s hard to predict […]
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