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Macy's closures of about 150 stores could put up to $2 billion in annual sales up for grabs for other retailers.
Let's be frank. Department stores are a wonderful creation of the last century.
While consumer spending has remained relatively strong through inflation, retailers have struggled to stay relevant, with Macy's (M) announcing it will shutter 150 locations. Discount retailers like T
Mickey Drexler, Alex Mill chairman and former J.Crew CEO and chairman, joins 'Squawk Box' to discuss the state of retail, why some brands are offering steeper discounts online than in-store, state of

Final Trades: JNJ, M, IYH & CLF

06:20pm, Wednesday, 27'th Mar 2024
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Some of the biggest clothing and department-store chains rely on their own private-label credit cards to cushion their bottom lines. Those cards, often laden with incentives, keep shoppers coming back
The U.S. retail industry may be on the brink of a significant transformation as department store chains Nordstrom and Macy's consider a shift toward private-equity or hedge-fund ownership. These poten
America's biggest publicly traded department store chains could be set for private-equity or hedge-funds ownership, dramatically changing the retail landscape in the United States.
Macy's Inc has agreed to open its books to Arkhouse and Brigade Capital, people familiar with the matter said, a potential breakthrough in the investment firms' $6.6 billion bid to take the U.S. depar
An investor group seeking to buy the retailer might be willing to raise its bid after seeing the company's financials, according to its proxy filing.
Jan Kniffen, J. Rogers Kniffen WWE CEO, and Michael Baker, D.A.
The two sides took an important step towards allowing a potential deal to proceed, but a Macy's proxy fight will continue regardless

3 Toxic Stocks to Ditch From Your Portfolio Now

11:42am, Thursday, 07'th Mar 2024
Some stocks just aren't worth owning. This is especially true when the company has fallen on hard times, lost its competitive edge, and is trying to turnaround its business.
Comeback stocks are excellent out-of-the-box picks for those on the hunt for companies poised for a rebound. The three companies spotlighted on this list are legacy enterprises operating in industries
Arkhouse Management and Brigade Capital Management sent a bigger buyout offer to Macy's over the weekend — to the tune of $24 per share they don't own. Their prior one was $21.
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