(Photo by Michael M. Santiago/Getty Images)Getty ImagesMacy’s appointed today two new independent directors Richard (Ric) Clark and Richard (Rick) Markee. It is not clear who nominated the directors. In addition, Douglas (Doug) W W . Sessler who was nominated to stand for election as an independent director joins the board immediately while Jeff Gennette and Frank Blake retire from the board at this time. Tony Spring, CEO of Macy’s inc. now also assumes the chairmanship of the company in addition to being ...

Macy’s ended a nearly two-months long proxy contest with Arkhouse Management by adding two of the activist investor’s nominees to its board, the department store chain said Wednesday.The retailer also said it continues to engage with Arkhouse and Brigade Capital Management over their revised buyout proposal.In March, Arkhouse and Brigade raised their offer to acquire Macy’s stock they do not already own for $24 per share, valuing the retailer at $6.6 billion, after the company rejected an earlier bid made i ...

Macy’s Inc (NYSE: M) is trending down at writing after announcing to have settled its proxy fight with Arkhouse Management.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Here’s what it means for $M Copy link to section The department store chain has agreed to add two new directors to its board. Ric Clark and Rick Markee – both nominated by Arkhouse will assume the role immediately as $M is “open-minded about the best path to create shareholder value” ...

Department store Macy's on Wednesday said it had settled its proxy fight with an activist group led by Arkhouse Management, and that it would add two new directors to its 15-person board.The reshuffle moves Macy's closer to a deal that would take the 165-year-old department store private.Ric Clark, a former executive at Brookfield, and Rick Markee will join Macy's board effective immediately. Markee is also on the board of discount retailer Five Below. Both Clark and Markee were Arkhouse nominees."The Board ...

Investors in Macy's, Inc. (M) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 21, 2024 $3.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean th ...

Corner sign of Macy's General Store, proudly claiming to be the largest world store.gettyLet’s be frank. Department stores are a wonderful creation of the last century. There were many cities that had a large number of department stores, some dating back to the 19th century. These store chains grew in size during the 19th and 20th centuries but now, in the 21st century, are falling on hard times. The shopper, who used to sit in lavish dining rooms in stores like Philadelphia’s Wannamaker, now visits the cyb ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-13536 Macy's, Inc. (Exact name of registrant as specified in its charter) 151 West 34th Street, New York, New York 10001 (212) 4 ...

NEW YORK--(BUSINESS WIRE)--Immersive gardens with blooming flowers and multi-sensory mise en scene will bloom at the 49th Macy’s Flower Show featuring Christian Dior Parfums. In celebration of spring’s arrival, the main floor, balcony, and iconic Broadway windows of Macy’s world-famous flagship store in New York City Herald Square will transform into a breathtaking botanical experience from Sun., March 24, 2024, to Sun., April 7, 2024. The Macy’s Flower Show is free and open to the public during store hours ...

NEW YORK--(BUSINESS WIRE)--Macy’s, Inc. (NYSE: M) today announced that Michael Krans joined the company as its vice president, Macy’s Media Network. In this role, Krans oversees the company’s in-house media publisher dedicated to connecting advertising partners with Macy’s and Bloomingdale’s engaged and loyal customers. Krans reports to Max Magni, chief customer and digital officer, Macy’s, Inc. “We’re excited to welcome Michael to Macy’s, Inc. He takes the reins of our growing retail media network bring ...

A pair of investment firms sent a bigger buyout offer to Macy’s over the weekend. The all-cash proposal to buy outstanding Macy’s shares at $24 per share came from Arkhouse Management and Brigade Capital Management."The Macy’s, Inc. Board will carefully review and evaluate the latest proposal consistent with the Board’s’ fiduciary duties and in consultation with its financial and legal advisors," the retailer said on Sunday. "The Macy’s, Inc. Board has a proven track record of evaluating a broad range of op ...