equity analyst at Morningstar

 Macy’s stock price is up approximately 34% since Jana Partners first suggested a spinoff. However, historically, love from Wall Street, which views Gennette as a solid brick and mortar man, has been scarce.

 “Macy’s online business isn’t getting the respect it deserves.” claims David Swartz, an www.dailybusinessstudy.com dailybusinessstudy daily business study Website daily business study com equity analyst at Morningstar Research. “It’s one of the largest online retailers in the United States and its valuation hasn’t always reflected this.”

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