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Michaels stock offering priced at $23 per share
Irving, Texas – The underwriters of a public offering of 18.8 million shares of The Michaels Companies common stock have priced it at $23.52 per share. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2.82 million shares of common stock.
The selling stockholders will receive all of the net proceeds from this offering. No shares are being sold by the company.
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Macy’s outgrows California omnichannel facility
Macy’s plans to quadruple the size of a central California distribution facility that has played a key role in the execution of the retailer’s omnichannel strategy.
The company plans to relocate its West Sacramento, Calif., direct-to-consumer fulfillment center to a larger facility in a nearby location in Sacramento County to support continued sales growth driven by Macy's omnichannel strategy.

