Store Closures Financial Performance Sales Performance Store Closure Bloomingdale's Acquisition Financial Reporting Management Sales Decline Flagship Store Closure Expansion Plans Competition Strategy CEO Strategies Store Upgrades Strategic Changes Layoffs Turnaround Efforts Job Cuts Investor Group Private Acquisition Restructuring Restructuring Plans Competitors Store Expansion Stock Performance Leadership Changes Shoplifting Macy's Philadelphia Macy's Stabbing Merchandise Theft Turnaround Effort Buyout Offer Takeover Takeover Bid Valuation Online Retail Offer Buyout Offers Buyout Turnaround Strategy Stock Offer Buyout Deal Property Portfolio Investment Firms Brick-and-Mortar Stores Bidding War Takeover Offers Transition Stock Price Strategies Supply Chain CEO Transition Executive Changes Workforce Reduction Investments Industry Trends Labor Relations Strategic Transformation Leadership Change Management Changes Supply Chain Automation Board of Directors Financial Review Company Performance Rejection of $5.8 billion offer Financial struggles Industrywide sales slump Cost-cutting measures Shift to online shopping Lawsuit Macy's Inc. Sunglass Hut Tony Spring Reviving Stores Takeover Threat E-commerce Store Operations Financial Outlook New Store Openings Customer Service Improvement Profitability Improvement Activist Investors Repositioning Plan Strategic Initiatives Future Plans Employee Impact Local Reactions Union Relations Investment in Stores Worker Impact Market Challenges Union Square Closure Strategic Priorities Downsizing Takeover Attempt Business Strategy and Growth Plans Store Closures and Real Estate Strategy Challenges Faced by Macy's