I hear they can't get the money to buy. This could develop into one hell of a dire situation. How long before the store closures ramp up?
Jeff Bezos needs to pony up and buy.
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HB pulled out of us like the cheap whores we are. They saw we were as used up as the crack wh--e looking for a taste on CraigsList and ran like hell. Can't blame them, really. We're not far off from being the second coming of Sears. Stores are ghost towns, product is redundant and undesirable. Nobody wants the same shirts year after year. And the cheap, plastic shoes...ugh.
Looks like Hudson Bay are in talks to aquare neiman marcus,so we wait and see if anyone else is in the mix!
Don't believe everything in Wall Street Journal. They have the money if they really want to buy. They killed it when they bought Saks for 2.8 billion and the Saks Flagship on 5th Ave was worth 3.4 billion alone. They mortgaged 1.4 bill after they bought to make up for buying the company. They could utilize some of the holdings they have currently. This is all done as barganing strategy... If Macys wants to sell and they get worried that Hudson Bay may back out they may make the deal a little sweeter by lower the price. So instead of 55-60 a Shore maybe they come down to 50... I think they can come down to $45 as the stock is inflated because of the buy out rumors. If the buyout goes away stock drops back under $30 a share. Don't get all crazy yet... Amazon will never buy an exsistinh company, Bezos likes to build his empire not to fix business' and turn them around. If he buys it would be strictly for the real estate and it's much cheaper to buy JC Penny or Sears right now.
It's unlikely Bezos will do anything