Insight Report 9 minutes PremiumMacy’s $5.8 Billion Buyout Bid: A Symphony of Risk and Opportunity Sunny Zheng, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research December 21, 2023 What's InsideTwo hedge funds, Arkhouse Management and Brigade Capital, are reported to have joined forces to bid on a takeover of Macy’s for $5.8 billion. We dive into the opportunities and risks that the bid presents and its impacts for the US department store sector. Data in this report include: Macy’s store count, overall and by banner Macy’s 10-year new sales and year-over-year growth, 2012–2022 Proprietary consumer survey data on average age and household income of selected retailers’ customer bases Companies mentioned in this report include: Dillards, Kohl’s, Macy’s, Nordstrom Other relevant research: US Department Stores—Retail 2024 Sector Outlook: Soft Sales Growth; Opportunities in Different Store Formats and Alternative Models Market Navigator: US Department Stores—Softness Ahead Despite Opportunities in Experiences and Alternative Models 3Q23 US Earnings Season Wrap-Up: Mixed Performances Amid Weak Demand and Economic Uncertainty All research on department store retail More Coresight Research coverage of capital markets This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Alarming Return Rates Require Loss-Minimization Solutions: Key Insights—Free InfographicEssentials Resilient While Select Discretionary Categories Experience Downturn: China Consumer Survey InsightsMall Visits Slump as Fall Nears: US Consumer Survey Insights 2023, Week 36June 2023 US Housing Market Indicators: New Home Sales Continue To Shine