Macy's shares rose in premarket trading after reports of two investor firms teaming up to make a $5.8 billion bid. Morningstar's David Swartz suggests Macy's consider the offer due to the declining department store model. The potential buyout has sparked discussions on the value of Macy's real estate. Citi expresses skepticism about the deal, while the proposed leveraged buyout serves as a reminder of the challenges in the retail sector for private equity.
Macy’s Might Have a Bidder. History Says It Should Seriously Consider an Offer. https://t.co/4JCKSd3vmW
The proposed leveraged buyout of Macy’s is a reminder that retail has been a notoriously tough sector for private equity, with debt of companies that were taken private in recent years falling to distressed levels. https://t.co/urBf4VuHPw
The proposed leveraged buyout of Macy’s is a reminder that retail has been a notoriously tough sector for private equity, with debt of companies that were taken private in recent years falling to distressed levels. https://t.co/NAvkeiWxJU
I'm with Citi on this Macy's call that a deal is unlikely. There were several things that didn't line up with this "proposal" including language that they would be willing to even pay more than $21 per share. $M https://t.co/G2fK2yEQgN
While brands and retailers still see Google as an important part of their marketing strategy during the holidays and throughout the rest of the year, it's possible that Google's value to marketers has already peaked. https://t.co/Ge31j0lMcX
Marketers are in the same place they were when Google first said it would eliminate third-party cookies back in 2020: still divided and uncertain about the best path forward. https://t.co/xLAGPKBaMj
Macy’s Buyout Won’t Be Easy. Citi Says Sell the Stock. https://t.co/HF0hZKFdGi
$M (-2.3% pre) Macy’s Billion-Dollar Question: What’s More Valuable, Real Estate or the Business? - WSJ (2/2) https://t.co/bagtfJ6Ta0
$M (-2.3% pre) Lowball bid could spur Macy's to look for better options - Reuters (1/2) https://t.co/xHBNJvCPc4
A potential buyout of Macy’s by an investor group revives an old theory: that much of the value in retail lies in real estate https://t.co/WHFc0NkIUx https://t.co/WHFc0NkIUx
Lowball bid could spur Macy's to look for better options https://t.co/wFTeOIWMjC https://t.co/31o50rlyX3
Evolving shopping habits and the rise in e-commerce are softening demand for department stores and other big-box space https://t.co/gVa3dwTn6T https://t.co/gVa3dwTn6T
Macy's shares surge after buyout bid, but unlocking its real estate value will take work https://t.co/9LILONwlOa by @BrookeDiPalma
Breakingviews - Macy’s best option now is profitable oblivion https://t.co/dDvE555gHs https://t.co/dDvE555gHs
Why A Hedge Fund Would Bid For Macy’s https://t.co/B7wfV18KrJ
Retailers across apparel, home decor, hobbies and more reported ecommerce earnings results in the thick of the holiday shopping season. https://t.co/4DSB2F00ts #ecommerce #earnings #onlineretail
Breakingviews - Macy’s best option now is profitable oblivion https://t.co/OrpLJgfxdc https://t.co/OrpLJgfxdc
Ecommerce sites depend on holiday online traffic to deliver shoppers each year, and 2023 was no exception. https://t.co/CQ084bm3js #ecommerce #webtraffic #holidays2023 #holidayshopping
From Breakingviews - Macy’s best option now is profitable oblivion https://t.co/5h5PpLohKO https://t.co/5h5PpLohKO
Macy's $5.8 Billion Buyout! - The Rebel's Edge https://t.co/VULHjyOTFp
Luxury Retail At Risk Of A Downturn In 2024 https://t.co/0V8utqE1xh
Retail Is Now In The Eye Of The Consumer Holiday Spending Hurricane https://t.co/RDqNC6xkrR
Why A Hedge Fund Would Bid For Macy’s https://t.co/8XpTd8yEJ0
Retail advertising is poised to have its moment, and brands and retailers are upping their marketing spend on Amazon and making the channel a more important part of their holiday plans this year. https://t.co/ybSFFsAGYr
Shares of retailer Macy's rose significantly in premarket trading on Monday after reports that two investor firms have teamed up to make a $5.8 billion bid. https://t.co/ouT6KZFqgl
$M is weighing a $5.8 billion buyout offer. “The company will never be a hugely profitable company in the future because the department store model just doesn’t work anymore and that is why I think it needs to seriously consider this offer,” Morningstar's David Swartz says. https://t.co/7N2b7BUwda
Shares of retailer Macy's rose significantly in premarket trading on Monday after reports that two investor firms have teamed up to make a $5.8 billion bid. https://t.co/5f0cNLRwr2