From CNBC: 2024-04-13 06:00:01

US holiday sales are expected to grow slower this year due to economic challenges. Macy’s CEO faces pressure as the retailer considers selling or sticking with his vision. A settlement with activist investors adds two new board members, potentially pausing the battle but sparking concerns about the retailer’s future direction. Macy’s is facing a turning point, with competing visions for its survival in the retail landscape. CEO Tony Spring aims to reinvigorate the iconic department store chain, while activist investors want to take the company private, leading to uncertainty about Macy’s future. The addition of new board members from the retail and real estate sectors signals a potential shift for the retailer, with significant decisions on the horizon regarding its direction and ownership.



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