Activist investor Barington Capital has taken a position in Macy's, urging the company to cut spending, restructure its real estate, and consider selling its luxury brands. This marks the fourth activist push at Macy's in a decade, as the retailer faces declining sales and plans to close about 150 stores by early 2027. Macy's has committed to its "Bold New Chapter" strategy, focusing on stronger locations and brands while addressing scrutiny over accounting issues.
