Macy's to close 150 namesake stores as sales slip, pivot to luxury with new Bloomingdale's locationsMacyโs will close 150 unproductive namesake stores over the next three years, including 50 by year-end.
Macy's rejects $5.8B takeover bid from Arkhouse Management, Brigade Capital ManagementMacyโs rejected a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didnโt provide a viable financing plan.
Macy's Gennette to retire; Bloomingdale's Spring is new CEOMacyโs says Chairman and CEO Jeff Gennette plans to retire and will be succeeded by Bloomingdaleโs Chairman and CEO Tony Spring in February.