Macy's shares rise as activist investor pushes for creation of real estate unit
Macy's, Inc. (NYSE:M) shares moved higher after activist investor Barington Capital revealed a stake in the company and is reportedly pushing the retailer to make changes. Barington Capital wants Macy's to consider expansion options for its Bloomingdale's and Bluemercury business, which they believe could trade at a higher multiple on their own.
Macy's faces yet another activist push
Macy's Inc (NYSE: M) is pushing to the upside this morning after another activist investor revealed a stake in the embattled chain of department stores. Barington Capital has teamed up with a private equity company – Thor Equities to push for cost cuts at Macy's.
Levi & Korsinsky Reminds Shareholders of an Investigation into Macy's, Inc. (M) Regarding Potential Securities Fraud Allegations
NEW YORK, NY / ACCESSWIRE / December 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Macy's, Inc. ("Macy's, Inc.") (NYSE:M) concerning possible violations of federal securities laws. Macy's issued a press release on November 25, 2024, announcing its preliminary third-quarter 2024 results.
Activist investor pushes Macy's to expand Bloomingdale's business, create real estate unit
Barington Capital partnered with real estate firm Thor Equities on its investment, according to a presentation for Macy's shareholders.
Macy's, Inc. Being Investigated on Behalf of Macy's, Inc. Investors. Contact Levi & Korsinsky For Details
NEW YORK, NY / ACCESSWIRE / December 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Macy's, Inc. ("Macy's, Inc.") (NYSE:M) concerning possible violations of federal securities laws. Macy's issued a press release on November 25, 2024, announcing its preliminary third-quarter 2024 results.
Macy's Stock Rallies on Activist Investor Scrutiny
Macy's Inc (NYSE:M) stock is up 4% to trade at $17.08 at last glance, following a laundry list of requests from Barington Capital.
The Schall Law Firm Invites Shareholder Contributions To An Inquiry Into Macy's Inc For Securities Related Infractions
LOS ANGELES, CA / ACCESSWIRE / December 9, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Macy's, Inc. ("Macy's" or "the Company") (NYSE:M) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Macy's, Inc. (M) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Contact the Firm to Learn More About the Investigation
NEW YORK CITY, NY / ACCESSWIRE / December 9, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Macy's, Inc. ("Macy's" or "the Company") (NYSE:M). Investors who purchased Macy's securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/M.
Macy's Investor: Company's Real Estate Surpasses Its Market Value
An activist investor is reportedly pushing Macy's to focus more on its real estate. Barington Capital wants the department store chain to create a separate real estate unit inside the company to help revitalize its flagging stock, The Wall Street Journal reported Monday (Dec. 9).
Another activist takes aim at Macy's, seeking spending cuts and real-estate restructuring
Barington Capital has partnered with private equity firm Thor Partners to mount an activist push at struggling department store operator Macy's. The dissidents are looking for the company to trim capital expenditures, beef up buybacks and take a hard look at options for its luxury brands and real estate portfolio.
Macy's shareholders clamor for retailer to squeeze value from its real estate, among other changes
Two of the company's investors launched a campaign Monday seeking changes at Macy's that would boost profitability and returns.
Macy's Stock Rises. Another Activist Investor Is Circling.
Barington Capital is advocating for changes to refresh Macy's stock including the creation of a real-estate segment within the company, reports The Wall Street Journal.
