Macy's Considering Spinning Off E-Commerce Business
Macy's (NYSE: M) was devastated by the pandemic when it was forced to shut all its stores to customers. That may have been a blessing in disguise. It forced the company to emphasize its digital business, which is now thriving.
It is doing so well that management is considering spinning it off on its own. Macy's is considering this idea because of the potentially increased value the e-commerce business could have as a separate entity. Let's take a closer look at Macy's digital business.
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Source Fool.com
