Macy's reviews the current business structure with the help of AlixPartners. This comes a month after activist investor Jana Partners urged the sale of Macy's e-commerce business. Furthermore, Jana Partners, which owns 4.6 million shares, or about a 1.5% stake in the company, said that Macy's could double its share price if it separated its e-commerce business. This advice comes as customers buy more online.
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Additionally, Macy's raised its annual sales and profit outlook. This eases fears that the department store chain would struggle with product shortages during the holiday season.
The Separation of E-Commerce
There are risks and benefits when a company separates its e-comme...
