Macy's has rejected a buyout offer from two investment firms, Arkhouse and Brigade, deciding to continue with its own plan for the future.
The company believes the buyout offer wouldn't bring significant benefits to its shareholders and wouldn't provide enough financial stability.
Macy's is sticking to its plan to revitalize the company by closing some unprofitable stores and investing in the remaining ones.
They also plan to expand their high-end brands like Bloomingdale's and Bluemercury, aiming to attract customers with a more luxurious and upscale shopping experience.
