Macy’s declined to comment on the company’s earnings ahead of the announcement of its earnings.
Jana Partners will not comment on Macy’s stake, however, a source knowledgeable about the situation told that Macy’s was being requested to reconsider its plan of bringing an funding source for its dotcom company. This could help it grow, highlight its value and position it to attracted top tech talent. This was mentioned twice at Saks. The first was that a www.successallabout.com successallabout success all about Website success all about com former Amazon executive joined the board at Saks.com that is getting ready for its first public offering. Second, a second former Amazon executive was named COO at Saks Off 5th which is an independent online retailer.