Macy’s Tony Spring commences CEO role
Macy’s, Inc. announced on Friday that Tony Spring will serve as chief executive officer of the company, effective February 4. He succeeds Jeff Gennette, who announced in March plans to …
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Retailers slash prices on more Nike sneakers in 2024, data shows
By Reuters API Published Feb 2, 2024 Retailers slashed prices on twice as many Nike sneakers in 2024 than two years earlier, endangering the sportswear giant’s typically strong pricing power …
Macy’s urged by Arkhouse to open books after rejecting takeover bid
By Bloomberg Published Jan 23, 2024 Arkhouse Management Co. has asked Macy’s Inc. for access to more financial information after the US department store operator rejected a $5.8 billion takeover …
Macy’s rejects $5.8 billion takeover offer from investors
By Bloomberg Published Jan 22, 2024 Macy’s Inc. said Sunday that it wasn’t interested in a bid from Arkhouse Management Co. and Brigade Capital Management to take over the retailer, …
Arkhouse confirms $5.8 billion proposal to take Macy’s private
By Reuters Published Jan 22, 2024 Arkhouse Management and its partner Brigade Capital Management on Dec. 1 made a $5.8 billion proposal to take department store chain Macy’s private, Arkhouse …
Macy’s is cutting about 3.5% of workforce and closing five stores
By Bloomberg Published Jan 19, 2024 Macy’s Inc. is laying off about 3.5% of its workforce ahead of the departure of longtime Chief Executive Officer Jeff Gennette, as the department-store …
Mango to open its first stores in Washington, D.C. and Pennsylvania in 2024
Translated by Roberta HERRERA Published Dec 15, 2023 The Spanish fashion group Mango is advancing its expansion in the United States and will open its first stores in Washington D.C. …
Macy’s investors mount $5.8 billion buyout bid
By Reuters Published Dec 11, 2023 An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy’s private, according …
2 Macy’s security guards stabbed, 1 fatally, by man trying to steal hats
A Macy’s security guard was killed and another wounded in a double-stabbing by a man who allegedly tried to steal multiple hats from the Philadelphia department store Monday morning, authorities …
Macy’s appoints new chief marketing officer
Macy’s, Inc. announced on Tuesday the appointment of Sharon Otterman to the role of chief marketing officer of Macy’s, effective December 11. Sharon Otterman In the new role, Otterman will lead …