Friday, March 24, 2017

Macy's lures shoppers with coupons and shoes as takeover fizzles

Image result for macy'sIn 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.

An investor 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

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