"Macy's Retail Holdings" Archives

Macy’s Urged by Activist Jana Partners to Separate E-Commerce Business

by Amruth Sundarkumar | Oct 8, 2021 | High Yield Bonds

American retail major Macy’s is reportedly being urged by activist investor Jana Partners to spin-off its e-commerce business to get a higher valuation from the separate entity. Jana puts Macy’s online business at a valuation of $14bn if it does go ahead...

Macy’s Upgraded to BB+, One Notch Below Investment Grade

by Megha Malhotra | Aug 26, 2021 | Credit Ratings

American retailer Macy’s Inc. has been upgraded to BB+ from BB by Fitch. The latest rating action puts the company’s ratings just one notch below investment grade status. Fitch cited Macy’s improving revenue trajectory and strong cost reduction as...

Macy’s Surprises with $100mn Profit; Ups Outlook for 2021

by bondevalue | May 19, 2021 | High Yield Bonds

US retailer Macy’s reported Q1 net profits of $103mn vs. a loss of $3.6bn a year earlier with revenues jumping to $4.7bn, 56% YoY. The results were a surprise as analysts expected a loss in the quarter. Macy’s comparable sales grew 62.5% and 63.9% YoY on an owned and...

Macy’s Urged by Activist Jana Partners to Separate E-Commerce Business

Macy’s Upgraded to BB+, One Notch Below Investment Grade

Macy’s Surprises with $100mn Profit; Ups Outlook for 2021

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Macy’s Urged by Activist Jana Partners to Separate E-Commerce Business

Macy’s Upgraded to BB+, One Notch Below Investment Grade

Macy’s Surprises with $100mn Profit; Ups Outlook for 2021

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