Jana Partners urges Macy's to separate e-commerce business

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NEW YORK : Activist investment firm Jana Partners said on Wednesday that the share price of retailer Macy's could double if the company separated its e-commerce business as customers buy more online.'Macy's could see an increase in its stock price by 100per cent if it followed the playbook of Saks,' Jana

NEW YORK : Activist investment firm Jana Partners said on Wednesday that the share price of retailer Macy's could double if the company separated its e-commerce business as customers buy more online.

He said Macy's online business could be worth about US$14 billion. Macy's as a whole has a market valuation of about US$6.9 billion.

 

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