Macy’s slashes sales outlook; retailer struggles for cash-strapped shoppers
Iconic department store Macy’s Inc. slashed its annual sales outlook after disappointing second-quarter earnings as it struggles to attract customers hit by inflation. Macy’s shares fell 13 percent on Wednesday to $15.45. Retailers were forced to lower prices on mid- to high-end items and offer more promotions to compete with more affordable rivals, but sales […]
Macy’s 10 Days of Glam: Get 50% off your favorite beauty brands
Now is your chance to stock up on your favorite beauty brands. (iStock) Macy’s 10-day extravaganza A sale has begun with 50% off popular beauty brands on a rotating schedule each day until Sunday, August 19. The event offers 50% off makeup, skincare, haircare, and more. Every day, you’ll get 50% off beauty products like: […]
Macy’s cuts off talks with Arkhouse, Brigade
See what’s clicking on FoxBusiness.com Macy’s said Monday it was halting talks with Arkhouse Management and Brigade Capital Management about a possible acquisition. The company said the latest proposal from the two investment firms “remains unviable and fails to deliver compelling value to Macy’s shareholders.” It will instead continue to pursue a turnaround plan. Arkhouse […]
Macy’s ends talks to go private with Arkhouse and Brigade for $6.9B
Macy’s said Monday it had terminated talks with activist investors ArkHouse Management and Brigade Capital, citing a lack of financing to buy the world’s largest department store. Macy’s board of directors “unanimously decided to terminate discussions with Arkhouse and Brigade because discussions did not result in a viable proposal that would secure financing at a […]