Separation

Macy’s Hires Adviser to Study Separation of E-commerce Business – The Wall Street Journal

Summary

Macy’s Inc. said it would evaluate a potential separation of its e-commerce business from its bricks-and-mortar operation, a move that comes amid pressure from an activist investor to spin off the fast-growing segment of the department-store giant’s operation.

Chief Executive Jeff Gennette said Thursday that Macy’s hired consulting firm AlixPartners to advise on how to unlock value from its e-commerce business.

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Macy’s Inc. said it would evaluate a potential separation of its e-commerce business from its bricks-and-mortar operation, a move that comes amid pressure from an activist investor to spin off the fast-growing segment of the department-store giant’s operation.

Chief Executive Jeff Gennette said Thursday that Macy’s hired consulting firm AlixPartners to advise on how to unlock value from its e-commerce business.

Source: https://www.wsj.com/articles/macys-sales-and-profit-jump-ahead-of-holiday-period-11637243283