1. Jana Says Macy's Can Lift Value With E-Commerce Spinoff

    Jana Says Macy's Can Lift Value With E-Commerce Spinoff

    Report could double its value by spinning off its e-commerce business, according to activist investor Jana Partners. Macy’s could thereby lift its valuation to about $14 billion, following the blueprint of Saks Fifth Avenue, Jana said at an investor presentation Wednesday, Bloomberg reports. It said Jana didn’t reveal whether it has a stake in Macy’s...

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