Macy’s (NYSE:M) stock is falling on Monday after the retailer called off talks of a deal that would have taken shares of M private.Macy’s revealed in a press release today that it is no longer moving forward with negotiations to take the company private. It was previously working with Arkhouse Management Co. LP and Brigade Capital Management, LP on the deal.Macy’s says the negotiations were shut down by its board of directors as the two investment firms failed to create an actionable proposal. Instead, the ...

Key TakeawaysMacy's on Monday said it had ended negotiations with activist investor Arkhouse Management and Brigade Capital Management after finding their latest buyout offer "not compelling."The latest offer of $24.80 per share followed bids of $21 per share in December and $24 per share in March.Shares of Macy's swooned in intraday trading Monday. After months of negotiation, Macy’s (M) on Monday said it had ended talks with would-be buyers Arkhouse Management and Brigade Capital Management. The announcem ...

Macy’s ended talks with the activist investors Arkhouse Management and Brigade Capital, claiming they lack the funds to acquire the largest department store in the world, Macy’s said on Monday.The Macy’s board has “unanimously determined to terminate discussion with Arkhouse and Brigade that have failed to lead to an actionable proposal with certainty of financing at a compelling value,” the company said in a statement.The companies entered into exclusive discussions in March after Arkhouse and Brigade uppe ...

The Macy's company logo is seen at the Macy's store on Herald Square on January 19, 2024 in New York City. Macy's department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5% of their workforce. The company says that it will also be closing five stores in order to adjust to the online-shopping era. (Photo by Michael M. Santiago/Getty Images)Department store Macy's said Monday its board has unanimously decided to end negotiations with the activist group that had b ...

Core Insights - Macy's, Inc. is launching its first-ever "All-Star Week" to celebrate Star Rewards loyalty members, running from July 16 to July 23, featuring exclusive offers and thousands of summer deals [1][5] Group 1: Event Details - All-Star Week includes exclusive savings for Star Rewards members, with opportunities to earn extra reward points and $20 in Star Money [1][2] - The event encourages shopping across various categories, offering three times loyalty points on select purchases such as Shoes, Cosmetics, and Handbags [3] - Daily online deals will provide Star Rewards members with the chance to earn 10 times the loyalty points on featured brands [3] Group 2: Membership Benefits - Joining Star Rewards is free and allows members to earn points on all purchases, excluding gift cards and services [4] - New Macy's cardholders can receive an additional 30% off, up to $100, during the first two days of All-Star Week [4] Group 3: Strategic Implications - The All-Star Week initiative aims to enhance customer loyalty and satisfaction by providing exclusive deals, thereby positioning Macy's competitively in the retail market [5] - Macy's stock has increased by 16.4% over the past year, slightly underperforming the Retail – Regional Department Stores industry's growth of 16.9% [5]

Key TakeawaysMacy’s is joining the list of large retailers making a big summertime sales push.The largest U.S. department store chain said it is holding its first "All-Star Week" starting next Tuesday and running for eight days.Amazon's Prime Day, Target's Target Circle Week, and Walmart's Walmart Deals sales events also are taking place this month. Macy's on Wednesday announced a special summer sale, joining other big retailers making a major seasonal push to bring in customers. The biggest U.S. department ...

Shares of Macy's, Inc. (M) jumped 9.5% on Jul 5, 2024 amid reports that activist investor Arkhouse Management and partner Brigade Capital Management have again sweetened their offer for the biggest U.S. department store chain.The Wall Street Journal reported Jul 3, 2024 that the firms raised their bid for Macy's by about $300 million to $6.9 billion. Their latest bid of $24.80 per share for shares they do not already own represents a 38.3% premium over Macy's closing price on Wednesday.This would mark the d ...

Macy's, Inc. (M) is embarking on a comprehensive revitalization strategy, focusing on operational modernization, technological integration and enhanced customer engagement. Key initiatives, such as the "First 50 Pilot" program and the "A Bold New Chapter" strategy, are designed to align the company with evolving market dynamics and drive sustainable growth.By prioritizing efficiency, profitability and innovation, Macy's aims to solidify its leadership in the retail sector and deliver long-term shareholder v ...

Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad Uranium" or the "Company") is pleased to announce that Mr. Douglas Christopherson has joined the Company's Technical Committee. Mr. Christopherson brings over 50 years of mining, exploration, and development experience to Myriad Uranium, having worked as Chief Engineer, Mine Manager, and General Manager at significant projects worldwide. He has extensive experience conducting tec ...

A month has gone by since the last earnings report for Macy's (M) . Shares have lost about 9.4% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Macy's due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Macy's Q1 Earnings Beat Estimates, Comps Decline Y/YMacy’s report ...