Shareholder Says Macy’s Strategy Lacks for Digital Age

By Benjamin Horney (Nov 4, 2021, 2:01 p.m. EDT) – A Macy’s shareholder said on Thursday the iconic retailer must take action to ensure prosperity in the digital age, including soliciting proposals from private equity firms to strengthen its e-commerce activity. , partnering with electric vehicle companies to offer charging stations in its car parks and accept cryptocurrency as a means of payment.

NuOrion Advisors LLC believes Macy’s Inc. has the potential to remain an industry giant in the modern age, but it needs to take important steps, a statement said. Registered Investment Advisor asks Macy’s to form a special digital committee to assess how the company can best position itself for …

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