Macy`s Inc

NYSE: M
$19.04
+$0.03 (+0.2%)
Closing price April 18, 2024
Macy's Inc is a prominent retail company with a rich history dating back to 1830. Based in New York, it offers a wide variety of products including clothing for all ages, cosmetics, home furnishings, and more. Known for its flagship brands Macy's, Bloomingdale's, and bluemercury, the company has a strong presence both online and through physical stores across the United States. Additionally, Macy's extends its global reach with licensed operations in Dubai and Kuwait, showcasing its international appeal.
Macy’s board of directors is rankled by outside investors who are willing to pay almost $6 billion to take the retailer private.
Macy's will fire about 2,350 corporate office staff, and Apple begins to take orders for its new Vision Pro headset.
Despite a solid quarterly report in December, Macy's has announced large layoffs and the closure of several stores.
Two investment firms have reportedly made an offer to acquire Macy's for a premium of around 32%. Will the famed department store survive?
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