Macy’s is halting discussions with investment firms Arkhouse Management and Brigade Capital Management due to an insufficient offer and uncertain financing. The decision came after the firms failed to meet Macy’s requests for key information by a specified deadline, including details on financing for the proposed deal. Macy’s deemed the offer presented by Arkhouse and Brigade as unappealing, leading to a significant drop in their stock value. Experts believe the investment firms’ proposals lacked long-term value and would have weakened Macy’s retail operations. Macy’s will now concentrate on its own strategies for improvement, such as store closures and a focus on luxury sales. Despite a decrease in sales and profits, Macy’s reported a positive outlook for the future based on recent performance. The iconic retailer is also expanding its smaller, more convenient store formats to attract customers seeking higher-end products and services.