The enterprise value of real estate and digital is way more than current market capitalization. I hope an activist investor steps in and extracts the locked in value to put this century old legacy company to RIP.
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Macy's has been slow to innovate. When it RIPs, there will be many new companies coming up in its place. Maybe the store on 34th street should be one of the few remaining stores because it's a tourist location and actually painful to see it shut down. Nevertheless, it's time. Sometimes it's better to RIP than continue a slow misery. I would be excited to see what companies take its place. Certainly nothing with as large of a physical footprint.
This is the right thing to do ... Ineffective companies belongs to graveyard. 2020 is the year ...
Sounds good
They will load us with debt, pillage real estate, close and layoff...
See how that turned out for Sears and Toysrus after private equity got in