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Second Activist Investor Thinks Macy’s Can Out-Saks Saks

Second Activist Investor Thinks Macy’s Can Out-Saks Saks

Sourcing Journal

https://sourcingjournal.com/topics/retail/macys-nuorion-activist-investor-jana-partners-saks-ecommerce-electric-vehicles-311719/


NuOrion Advisors Wants Cyrpto, Tesla EVs, Charging Stations at Macy's. After Jana Partners called for digital transformation at Macy's, the chain is facing new demands to become a "World-Class New Age retailer."

Electric vehicle charging stations could drive mega traffic to Macy's, according to activist investor NuOrion Partners.

CREDIT: AP Photo/Steven Senne

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Crypto and EVs—that’s what a new activist investor wants to see from Macy’s Inc.


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On Thursday, NuOrion Adivsors urged Macy’s CEO Jeff Gennette to adopt a number of progressive, traffic-driving initiatives. “We believe that Macy’s has the digital footprint and landmark stores needed to be a World-Class New Age retailer,” Guy Phillips, a managing member at the New York City private equity fund, wrote in his letter to Gennette.