What's Inside
Two hedge funds, Arkhouse Management and Brigade Capital, are reported to have joined forces to bid on a takeover of Macy’s for $5.8 billion. We dive into the opportunities and risks that the bid presents and its impacts for the US department store sector.
Data in this report include:
- Macy’s store count, overall and by banner
- Macy’s 10-year new sales and year-over-year growth, 2012–2022
- Proprietary consumer survey data on average age and household income of selected retailers’ customer bases
Companies mentioned in this report include: Dillards, Kohl’s, Macy’s, Nordstrom
Other relevant research:
- US Department Stores—Retail 2024 Sector Outlook: Soft Sales Growth; Opportunities in Different Store Formats and Alternative Models
- Market Navigator: US Department Stores—Softness Ahead Despite Opportunities in Experiences and Alternative Models
- 3Q23 US Earnings Season Wrap-Up: Mixed Performances Amid Weak Demand and Economic Uncertainty
- All research on department store retail
- More Coresight Research coverage of capital markets
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