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Macy’s E-Commerce Is Getting Investor Attention. What Would a Spinoff Mean?

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Macy’s Inc. is embroiled in an activist-investor maelstrom—but many analysts see little value in going down what they believe would be an “operationally difficult” road. Others, however, aren’t so quick to dismiss what many see as a clever bit of financial engineering. Earlier this month already, Jana Partners fired off a missive to Macy’s after…

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