Sources: Jana Partners took a stake in Macy’s and is urging the retailer to spin off its e-commerce business, which has about $8B in annual revenue (Wall Street Journal)

Wall Street Journal:
Sources: Jana Partners took a stake in Macy’s and is urging the retailer to spin off its e-commerce business, which has about $8B in annual revenue  —  Activist investor says stand-alone e-commerce business would be worth a multiple of Macy’s current market value