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Another activist investor is urging Macy’s Inc. to take drastic steps to boost its stock price.
Barington Capital Group is calling on Macy’s to cut its capital expenditures, form a separate real estate group and consider strategic alternatives for the Bloomingdale’s and Bluemercury chains in order to drive share gains, according to a presentation that was published on its website.
While Barington sees “early promise” in the chain’s plan to shut underperforming stores, the activist…
