Since the beginning of October, Macy’s has been plagued by these questions since Jana Partners, an activist investor advised investors that Macy’s could increase its valuation by selling its e-commerce business. Jana Partners, which has had a track record of encouraging big retailers to streamline operations by www.dailyfinancestudy.com dailyfinancestudy daily finance study Website daily finance study com acquiring a stake Macy’s. Shortly after the presentation Jana Partners wrote to the board asking them to spin off the online business. This would make Macy’s online business worth approximately $14 billion, roughly twice what it is today.