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 investors urge Macy’s to create a real estate unit among other changes to boost stock
Activist investor Barington Capital Group is calling on department store retailer Macy’s to develop an internal real estate subsidiary, reduce capital expenditures, and explore strategic options for its Bloomingdale’s and Bluemercury chains among other changes to boost its slumping stock,
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.
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.
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 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.
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.
Macy's activist investor may be 'most truthful' about retailer's future
Macy’s is facing off with an activist investor group that thinks the real estate it sits on is more valuable than the company itself.
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 ...
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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 ...
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Macy’s Expects $275M In Real Estate Sales This Year, Doubling Previous Prediction
News of Monday's sale came the same day activist investors Barington Capital Group and Thor Equities made a series of ...
Investigation Reveals Loan Wolf Ex-Employee Cost 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 Stock Falls Sharply on Slash to Guidance
Macy’s had postponed its third-quarter earnings report after finding an employee hid up to $150 million in 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 clouds its ...
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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 ...
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 ...