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 investors are Barington Capital Group and Thor Equities.
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 billion.
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 Bluemercury chains after building a position, the activist investor group said on Monday without disclosing their stake.
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, according to new information.
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 company’s real estate holdings.
More Activist Investors Target Macy’s
Barington, Thor want retailer to explore selling luxury brands and restructuring real estate.
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.
Activist investors want Macy’s to create a real estate unit
They said that Macy's shares are undervalued and that its real estate is worth between $5 billion and $9 billion.
Activist investors urge Macy's to create a real estate unit among other changes to boost stock
The presentation to Macy's shareholders comes after Barington Capital, which has stakes in such brands as Victoria's Secret, Hanes and Dillard's, has built an undisclosed stake in Macy's.
Macy’s Bargain Shares Tempt Activists Again
The newest arrivals at Macy’s have a fresh idea and some tired ones.
Macy's Stock Rises as Activist Investors Call for Real Estate Unit
Key Takeaways Barington Capital Group and Thor Equities called on Macy's to create a real estate subsidiary and limit its capital expenditures.The activist investors say the real estate arm could charge rent to stores and pursue property sales.
Crain's New York22h
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 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 ...
Investigation Reveals Loan Wolf Ex-Employee Costs Macy’s $151 Million
Department store chain Macy’s has been forced to slash its annual profit outlook after discovering that an employee concealed more than $150 million in delivery expenses.
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 ...
Joseph Sitt risking foreclosure in Lower East Side
The lender behind 195 Bowery filed a lawsuit, alleging the Thor Equities chair defaulted on the mortgage for the commercial ...
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 ...
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 ...