Macy’s, Inc. (NYSE:M) swings after it activist investor Starboard Value purchased a stake, declaring the department-store chain’s stock would be worth $125 if it better capitalized on its real estate. Macy’s could separate its properties from operations, unlocking value for investors, Starboard Chief Executive Officer Jeff Smith said on Wednesday […]

Macy’s, Inc. (NYSE:M) released that it has sold its downtown Pittsburgh building at 400 Fifth Avenue to Philadelphia-based Core Realty, which is planning a main mixed-use redevelopment for the historic building. Macy’s will close its store in so as to location. The firm reported that a final clearance sale in […]