Activist Investors Call On Macy's To Spin Off Bloomingdale's And Bluemercury. Maybe It's Time.
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Activist investors are urging Macy's Inc. to spin off its Bloomingdale's and Bluemercury brands following another disappointing quarter with net sales down 2.4% to $4.7 billion. Macy's has not reported positive year-over-year comps since Q1 2022.
December 16, 2024 | 5:00 pm
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Macy's Inc. faces pressure from activist investors to spin off Bloomingdale's and Bluemercury after reporting a 2.4% decline in net sales. The company hasn't seen positive year-over-year comps since Q1 2022.
The pressure from activist investors to spin off parts of the business suggests potential restructuring, which can create uncertainty and negatively impact stock prices in the short term. The continued decline in sales adds to the negative sentiment.
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