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Sources: Jana Partners took a stake in Macy's and is urging the retailer to spin off its e-commerce business, which has about $8B in annual revenue (Wall Street Journal)


Wall Street Journal:

Sources: Jana Partners took a stake in Macy’s and is urging the retailer to spin off its e-commerce business, which has about $8B in annual revenue  —  Activist investor says stand-alone e-commerce business would be worth a multiple of Macy’s current market value


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