Macy’s is reworking debt and making investments
March 9, 2022
Macy’s plans to refinance and pay down debt in the coming weeks. The department store retailer is also looking to buy back shares and make other investments. “We’ve focused on removing those really expensive towers [of debt] that were driven by the Covid pandemic and we put ourselves in a much better position with a much more reasonable rate of return,” said CFO Adrian Mitchell. “The focus can now shift to investing in the growth of the business and building capabilities.”
Recent News
NHTSA Investigates Tesla Autopilot Again After Recent Software Update
Tesla Autopilot is once again the subject of an NHTSA investigation.
Home Depot Holds Halfway to Halloween Sale: Skelly’s Back
It’s halfway to spooky season, and Home Depot is celebrating.
Kaiser Discloses Health Insurance Data Breach
Health insurance company Kaiser is notifying millions of its current and former members about a data breach. The breach occurred when Kaiser shared patients’ information with third-party advertisers like Google, Microsoft, and X (formerly Twitter).
Satirical Site The Onion Acquired by Global Tetrahedron
The satirical news website, The Onion, has been sold by G/O Media to a group of digital media veterans.