Macy’s feels the heat—from activist investor and Donald Trump

New York — Macy’s is feeling the heat — from an activist investor and Donald Trump.

Activist investor Starboard Value wants the department store giant to follow the example set by such other retailers and Sears Holdings and Hudsons Bay Company and capitalize on its real estate holdings by spinning them off into a new investment vehicle.

Starboard claims the move would double Macy’s stock value, Fortune reported. For more click here.

TRUMP

Meanwhile, Donald Trump continues to verbally blast Macy’s every chance he gets. The retailer, along with several other brands, dropped ties with the verbose Presidential candidate in light of his offensive comments about Mexico.

Trump has gone so far as to call for a boycott of Macy’s.