Going against the wishes of investors is always risky. Doing so and failing can tank investors’ faith in a company and cut off crucial funding, but sometimes, it can be the difference between growth and stagnation.
Macy’s (NYSE: M) is making that gamble. Last week, the evergreen department store, which has managed to stay in business for over a century and a half, elected not to spin off its e-commerce operation from its core brick-and-mortar business, despite pressure from one of its new...
https://www.freightwaves.com/news/should-department-stores-spin-off-e-commerce-from-brick-and-mortar