Macy’s declined to make any comments ahead of earnings.
Jana Partners will not comment on Macy’s stake, however, a source knowledgeable about the situation told that Macy’s was required to reconsider its approach of bringing in investment for its dotcom business. This will help it grow, highlight its value and make it easier to attracted top tech talent. This idea was highlighted two times recently at Saks, first www.worthtravel.co.uk worthtravel worth travel Website worth travel co uk when an ex- Amazon exec joined the board of the new Saks.com -and is believed to be in the process of preparing its first public offeringand also over the summer, another former Amazon executive was named post of COO at the newly created independent Saks Off 5th E-commerce business.
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