Macy’s raises $4.5 billion to shore up funds as stores reopen, shares surge

Macy's raises $4.5 billion to shore up funds as stores reopen, shares surge“The high quality of our real estate portfolio positioned us well to execute this offering,” Chief Executive Officer Jeff Gennette said in a statement. Gennette said the funding gives the retailer sufficient flexibility and liquidity to steer the business for the foreseeable future.

from Yahoo Finance https://ift.tt/3haQLJY

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *