Store Closures Financial Performance Sales Performance Store Closure Sales Decline Bloomingdale's Flagship Store Acquisition Management Financial Reporting Layoffs Competition Expansion Plans Job Cuts Strategy Turnaround Strategy Turnaround Efforts Private Acquisition Closure Restructuring CEO Strategies Strategic Changes Store Upgrades Investor Group Restructuring Plans Management Strategies Investor Relations Executive Actions 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 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