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


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…


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