New Economic Realities   //   December 16, 2023

Modern Retail Rundown: Macy’s buyout bid, Etsy cuts costs & Farfetch woes

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Every week on the Modern Retail Rundown, the staff analyzes the latest news in the retail world.

On this week’s show, Arkhouse Management and asset manager Brigade Capital Management made a $5.8 billion bid to take Macy’s private. In addition, Etsy announced a series of cost-cutting initiatives, including laying off 11% of staff and consolidating positions like its chief marketing officer. Meanwhile, luxury e-commerce platform Farfetch is reportedly looking for a lifeline as it struggles to survive under mounting debts.