In a sudden turnaround this month, Macy’s appears to be free to find new ways to grow after a key investor has pulled out and a potential rival is shopping elsewhere for a takeover target.
favorite as recently as 2015, Macy’s has been scrambling to spur sales
after a string of earnings and sales disappointments. Pressure
intensified that summer when Starboard Value LP purchased a major stake
in the Downtown Cincinnati-based retailer and pressed it to sell off
real estate assets.. . . more