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The best deal at Macy's this year may be the stores themselves.Shares of Macy's surged over 19% on Monday, after the 165-year-old retail giant received a $5.8 billion buyout offer from real estate ...
Shares of Macy’s soared more than 17% early Monday on a Wall Street Journal report that the iconic 165-year old retailer closely associated with the holiday season might itself be bought.
Macy’s fortunes have declined alongside the department store industry. Since 2000, retail sales at department stores have dropped by half, according to the Census Bureau.
Website. macys .com. Macy's (originally R. H. Macy & Co.) is an American department store chain founded in 1858 by Rowland Hussey Macy. It has been a sister brand to the Bloomingdale's department store chain since being acquired by holding company Federated Department Stores in 1994, which renamed itself Macy's, Inc. in 2007.
Macy's, Inc. Macy's, Inc. (previously Federated Department Stores, Inc.) is an American holding company of department stores. Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's. Bloomingdale's joined Federated Department Stores the next year.
For starters, Macy's all-time high stock price of $70.99 was hit on June 15, 2015, according to Yahoo Finance data. As of Friday's close, Macy's shares changed hands at $17.39.
In the fourth quarter, Macy's revenue declined 1.7% year over year to $8.12 billion, slightly above estimates of $8.11 billion. Its digital sales decreased by 4%, while same-store sales were down ...
Headquarters. Atlanta, Georgia, U.S. Products. Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares. Parent. R.H. Macy & Co. Davison's of Atlanta was a department store chain and an Atlanta shopping institution. It was the major competition to Rich's and it took the Macy's name in 1986.