the company’s board

 Since the beginning of October, Macy’s has been plagued by these questions since Jana Partners, an activist investor has suggested to investors that Macy’s could raise its valuation through the sale of its e-commerce subsidiary. Jana is known for its track record of pushing big retailers to overhaul dailytravelstudy daily travel study Website daily travel study com their operations, took a stake in Macy’s shortly after the presentation, the company’s board of directors demanded in an email to split off the digital division, while speculating that Macy’s online arm could be worth $14 billion, roughly twice what Macy’s is valued at in the present.