An Activist Is Trying to Split Macy's Digital Biz, Mimicking Saks. But Experts Are Raising Red Flags - NewsBreak

Activist group Jana Partners is hoping to tap into what has been a buzzy market for digital retailers that is driving valuations higher. Investors have largely favored tech-focused names promising faster growth over traditional department store operators. Activist Jana Partners believes Macy's e-commerce business could snag a market capitalization...