Macy’s sales and earnings declined in the first quarter but the department store giant reported that its turnaround efforts are showing early signs of positive results.
A company that is part of an effort to buy Macy’s and take it private now has two nominees placed on the department store retailer’s board of directors.
The investor group hoping to buy Macy’s and take it private has sweetened its offer after the department store retailer rebuffed its initital bid as too low.