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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.
The best deal at Macy's ( M) 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 ...
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.
Arkhouse's March all-cash offer values Macy's at $24 per share — a 14.3% increase from its original proposal of $21 per share — and a 51.3% premium to Macy’s share price on Nov. 30, 2023.
Regardless of the buyout, Macy’s future will likely look very different from now. Last week, it laid off over 2,300 workers, or 3.5% of its workforce — a sign that its holiday season and 2024 ...
December 12, 2023 at 12:26 PM. How Macy’s became a takeover target. Macy’s has struggled for years against rising competition and shoppers migrating away from department stores. Now, a group ...
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 ...
Macy's sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending. Macy's, which also operates upscale Bloomingdale's and ...