"There has to be a rationalization and we're not waiting anymore," Macy's CEO says of the plan to close 100 stores.
The deal will create the largest theater exhibition company worldwide, pushing AMC ahead of Regal Entertainment.
Waiting out long depreciation cycles on real estate is a recipe for empty malls and shuttered main streets.
Tax departments can provide strategic tax planning to mitigate risk, minimize tax liabilities, and secure business incentives.
Strategic missteps, including creating too large a store footprint and having no cohesive e-commerce strategy, contributed to PacSun's financial woes.
The move may be one of the last of its kind since, under a new law, corporations are required to pay capital gains taxes on REIT spinoffs.
Are your company's real estate decisions benefiting or hurting productivity, profitability, and risk management?
One REIT spawned another, plus a third company to manage them both. The CFO tells the story.
The agency has "significant concerns" that companies may be disguising taxable transactions as spinoffs to avoid paying taxes.
Revenues fell approximately $1.8 billion, to $6.2 billion, for the quarter ended August 1.