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Macy’s could make a whopping $14 billion if it sold its e-commerce business, an activist investor claimed on Wednesday. Jana Partners, which has forced changes at other big chains including Outback Steakhouse, Tiffany & Co. and Whole Foods, appears to be encouraging Macy’s to follow Saks Fifth Avenue’s example by separating its bricks and mortar.
...read full article on New York Post
