Will Macy's Follow the Corporate Split-Up Trend?
Whether Macy's will follow the J&J, GE and Toshiba split-up trend -- except like Saks splitting-off its E-Commerce business -- headlined Burt Flickinger's weekly "Retail Roundup" on MORNINGS with MARIA. JANA Partners is wisely advocating a Macy's dot-com split-up, which would release more shareholder value. With its sales soaring and stock on fire, Macy's joins BJ's, Lowes & Children's Place by reaching all-time highs, thanks to capable leaders & capitalizing as other retailers contract. Burt also discussed the outlook for a December retail downdraft & forecast that Black Friday in-store Retail will be somewhat of a bust, between Consumer "forward-buying" in August, September & October and being tapped out on gas, groceries & higher heating bills.