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Benzinga

Business

Hayden Buckfire

Activist Investor Urges Macy's To Rethink Strategy, Prioritize Shareholder Returns

It’s no secret Macy’s Inc (NYSE:M) had its fair share of challenges in the last decade. Activist investor Barington Capital issued a press release on Monday urging the 166-year-old department store company to focus on its real estate portfolio while repurchasing shares.

The Press Release: Barington and Thor Equities’s letter asks Macy’s to form a separate real estate subsidiary to “optimize the value” of its holdings.

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