The new proposal is to acquire Macy's stock that Arkhouse and Brigade Capital do not already own for $24.80 each, up from $24 per share offered in March, the report added. Arkhouse, which has a 4.4% stake in Macy's, had earlier raised the offer price to $24 per share from $21. Arkhouse Management, Brigade Capital and Macy's did not immediately respond to Reuters' requests for comment.
Dillard's (DDS) stays ahead of the curve, driven by a stringent focus on inventory management and its strategy of providing trend-right merchandise to customers.
Macy's (M) is stimulating operations and engagement through initiatives like First 50 Pilot and A Bold New Chapter, aimed at enhancing efficiency, profitability and maintaining retail leadership.