Macy's Real Estate

Macy's Inc (NYSE: M) reported on Thursday its third-quarter results along with several business updates. Macy's said it earned $0.17 per share in the third quarter on revenue of $5.63 billion. Wall Street analysts were expecting the company to earn $0.41 per share on revenue of $5.65 billion. Macy'...

Macy's Inc (NYSE: M) has talked a lot about monetizing its real estate assets, but according to Bloomberg Gadfly's Shelly Banjo, all the chatter "hasn't amounted to much action" at a time when its physical stores are actually more valuable than the entire retailing business. In the most recent...

Shares of Macy's, Inc. (NYSE: M) were trading higher by more than 4 percent on Monday after Starboard Value, an activist investment firm and Macy's shareholder delivered a letter to the company. Jeffrey Smith, Starboard Value's Managing Member, wrote in the letter that the investment firm remains "...