Soon after the presentation

 Both have been a source of concern for Macy’s since October in which activist investor Jana Partners implied in a presentation to investors that Macy’s could boost its valuation by dissolving its e-commerce operations. Jana Partners, which has a an history of encouraging major retailers to www.travelly.us travelly travel ly Website travel ly us streamline their operations as well as acquiring stakes in Macy’s. Soon after the presentation, Jana Partners wrote to the board asking the company to detach from the online business. This could create Macy’s online operations worth $14 billion, roughly twice the current value.