WASHINGTON (dpa-AFX) - Macy's, Inc. (M) announced Monday that its Board of
Directors has unanimously determined to terminate discussions with Arkhouse
Management Co. LP, and Brigade Capital Management, LP following months of
engagement with then on an acquisition proposal.

Macy's said the discussions have failed to lead to an actionable proposal with
certainty of financing at a compelling value.

Macy's noted that the Board intends for the management team to return its full
focus to enhancing shareholder value through the execution of the Company's 'A
Bold New Chapter' strategy.

The Macy's, Inc. Board and management team have engaged in good faith with
Arkhouse and Brigade for more than seven months since their initial outreach in
December 2023 expressing interest in acquiring the Company.



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