Jana Partners Urges Macy's to Separate eCommerce Business as it Snags Stake in Retailer - NewsBreak

Jana Partners has taken a stake in Macy's Inc. and is pushing the retailer to separate its $8 billion eCommerce business from its traditional brick-and-mortar business, The Wall Street Journal reported Thursday (Oct. 14), citing sources. Investors have eyed Macy's eCommerce business as a potential target and spinoff, some of...