Building a Case for Macy’s and Just Eat Takeaway’s Spinoffs
Macy’s e-commerce unit could fetch a handsome valuation as a standalone, and poorly performing Grubhub is dragging down JET's stock price.
2020 CFO Departures and Arrivals
From Ford to Cisco, Macy’s to Moderna many companies saw changes at the CFO position last year.
CFOs On the Move: Week Ending October 16
Macy’s, Libra Networks, Squarespace, Urban Outfitters, Superdry, Wrightspeed, TPN, Harmony Senior Services, Realty Income, BMC
Macy’s Invests in ‘Buy Now, Pay Later’ Company Klarna
The deal includes the retailer using the company’s installment payment plan as an option at online checkout.
Macy’s Shares Higher on Better-Than-Expected Q2
Digital sales increased 53% year-over-year, which helped offset the loss of sales at stores due to coronavirus closures.
CFOs On the Move: Week Ending May 22
Republic Services, Macy’s, CBS News, Organon, Scientific Games, FabFitFun, OODA Health, Lief Labs, Diamond Estates Wines & Spirits, Axiom
Macy’s CFO Paula Price to Step Down
Price’s departure comes amid a massive retail shutdown that forced the company to close stores, furlough employees, and temporarily cut executive pay.
Can Big Retailers Be Saved?
Innovative store concepts are buying some time, but brands like Macy’s and J.C. Penney need a lot more to reverse the falloff in sales.
Macy’s to Close 125 Stores, Cut 2,000 Corporate Jobs
The closings are part of the retailer’s turnaround strategy that aims to find $1.5 billion in annual cost savings by the end of 2022.
Macy’s Posts First Comp Sales Drop in 2 Years
“The mall is getting more toxic," one analyst warns. "Mall traffic will likely continue to wane over the years ahead.”