barington capital news

Macy’s New Activist Wants Retailer to Create Real Estate Arm

Activist Investor Barington Capital Urges Macy's to Cut Spending, WSJ Reports

(Reuters) - Activist investor Barington Capital has built a position in Macy's and is urging the department store chain to cut spending and consider the separation of a real-estate unit within the company, the Wall Street Journal reported on Monday.

Associated Press · 3d

Activist investors urge Macy’s to create a real estate unit among other changes to boost stock

Activist investor Barington Capital Group is calling on department store retailer Macy’s to develop an internal real estate subsidiary, reduce capital expenditures, and explore strategic options for its Bloomingdale’s and Bluemercury chains among other changes to boost its slumping stock,

New York Post · 3d

Activist investor pushes Macy’s to expand Bloomingdale’s business, create real estate unit

Barington Capital partnered with real estate firm Thor Equities on its investment, according to a presentation for Macy’s shareholders.

Macy's offers a mixed outlook

GlobalData on MSN · 20h

Macy’s urged to deliver shareholder value as Q3 sales dip

Macy's shareholders Barington Capital Group and Thor Equities have urged the US retailer to explore structural changes and enhance shareholder returns following a Q3 net sales decline of 2.4%.

Seattle Times · 1d

Macy’s third quarter profit and sales slide and so do its shares

Macy’s profit and sales declined in the third quarter as the department store chain wrestled with cautious spending amid still high inflation on necessities, increased promotions among rivals and sluggish demand for cold-weather items.

Houston Chronicle · 1d

Macy's offers a mixed outlook after reporting third quarter profit and sales declines

Macy's quarterly results were delayed after it discovered late last month that an employee intentionally hid as much as $154 million in expenses over several years. The company sa

Activist Barington Targets Matthews CEO in Board Fight

Activist investor Barington Capital Group wants to push out the chief executive officer of casket-maker Matthews ...

Bisnow14h

Macy’s Expects $275M In Real Estate Sales This Year, Doubling Previous Prediction

Macy’s is shuttering dozens of locations, but that’s not necessarily a bad thing for the iconic department store chain’s ...

21h

Macy's accelerates store closures this year

Macy's said its accelerating the number of stores it plans to close this year as it works to turn around the struggling ...

Matthews International Responds to Barington Capital and Affirms Board and Management’s Focus on Driving Long-Term Value Creation

Matthews’ refreshed, diverse and fit-for-purpose Board actively oversees the Company’s strategy. Members of the Board bring many years of expertise at public companies, including across industrial and ...

Barington Capital Group Calls on Macy’s to Make Changes to Its Capital Allocation Plan to Improve Shareholder Value

Barington Capital Group, L.P. and Thor Equities LLC and their respective affiliates ("Barington," "Thor," or "we"), who are ...

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