An activist hedge fund has purchased a 5% stake in Macerich, according to a CNBC report, sending the company’s shares up 12% and fueling talk it could push for a sale of the mall owner.
Office Depot on Thursday posted profit and revenue ahead of estimates and announced a "milestone" in its transformation to a business-services driven operation.
The nation's largest department store operator reported mixed results for its third quarter, topping earnings estimates amid tighter inventory controls even as its sales continue to fall.
Nordstrom Inc. swung to a profit in its third quarter and topped expectations, but its same-store sales fell as hurricanes affected store traffic in Puerto Rico, Florida, and Texas.