Retail

Macy’s CEO says no decisions have been made yet about spinning off e-commerce unit

0


Macy’s CEO Jeff Gennette told CNBC’s Jim Cramer on Thursday the retailer has not reached any predetermined conclusions about spinning out its e-commerce unit into a separate company, a move that activist shareholder Jana Partners hopes to see taken.

Gennette’s comments in a “Mad Money” interview came after Macy’s announced earlier Thursday it had brought on consulting firm AlixPartners to examine the structure of its business.

“The board, myself, our advisors, we look at this all the time, and we look at how is the company more valuable to the shareholder — as a unified company or has separate companies?” Gennette said.

Macy’s has started to see success from its so-called “Polaris…



Source cnbc.com

0 0 votes
Article Rating

Jeff Bezos’ Blue Origin raised NASA lunar lander offer to $3 billion

Previous article

Biden calls on FTC to probe anti-consumer behavior by energy companies as gas prices soar

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Retail