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Financial analyst Jason Moser and business expert Ricky Mulvey discuss the potential for Macy's going private and the future of department stores. Matt Frankel and Ricky Mulvey dive into Boston Omaha, a company with the potential to become a great conglomerate.
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Quick takeaways
- Macy's potential acquisition could provide a way forward for the struggling retailer by offering a premium to shareholders and utilizing its valuable real estate assets for various possibilities like office spaces or residential conversions.
- The concept of department stores, like Macy's, has lost some of its appeal in the modern retail landscape, and they may need to evolve further, such as by partnering with specialized retailers or considering different formats, to remain relevant and compete with online retailers and all-in-one stores like Amazon, Target, and Walmart.
Deep dives
Macy's potential acquisition and its challenges
There are rumors of Macy's being acquired for $5.8 billion by private equity firms. Macy's has been struggling in recent years with declining revenue, worsening margins, and a significant cash burn. The potential acquisition could offer a premium to shareholders and provide a path forward for the struggling retailer. However, the question remains whether Macy's is still relevant in the changing retail landscape.
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