Nov 18 (Reuters) - Macy’s Inc said on Thursday it is working with consulting firm AlixPartners to review its business structure, just a month after activist investor Jana Partners urged the department store chain to sell its e-commerce business.
Jana Partners, which holds an undisclosed stake in the company, said early in October that Macy’s could double its share price if it separated its e-commerce business as customers buy more online.
“(We) recognize the significant value of the market assigning to pure e-commerce businesses. And as we look at the landscape today, we are undertaking additional analysis that could help inform our long-term strategy to further unlock value for Macy’s,” Chief Executive Officer Jeffrey Gennette said on a post-earnings call on Thursday.
Jana Partners said that Macy’s decision to engage with advisers to review its business was commendable.
Separately, Macy’s raised its annual sales and profit outlook, easing fears that the department store chain would struggle with product shortages during the crucial holiday season. (Reporting by Mehr Bedi and Uday Sampath Kumar in Bengaluru and Svea Herbst-Bayliss in Boston; Editing by Ramakrishnan M.)
Our Standards: The Thomson Reuters Trust Principles.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
加载失败()