Macellum Capital Management
We have substantial experience investing in consumer and retail companies and assisting such companies in improving their long-term financial and stock price performance.


Excellent, uncorrelated returns generated through successful activism.


Macellum Capital Management, L.P. is a fundamental, value-oriented fund founded in 2009 by Jonathan Duskin.  Macellum invests in undervalued companies that it believes can appreciate significantly in value as a result of a change in corporate strategy or improvements in operations, capital allocation or corporate governance.  Macellum’s investment team, advisors and network of industry experts draw upon their extensive strategic, operating and boardroom experience to assist companies in designing and implementing initiatives to improve long-term shareholder value.  Macellum prefers to constructively engage with management to improve its governance and performance for the benefit of all stockholders, as we did with Perry Ellis.  However, when management is entrenched, Macellum has run successful proxy contests to effectuate meaningful change, including at The Children's Place Inc., Christopher & Banks Corporation, and most recently at Citi Trends, Inc. 





Jonathan Duskin

Chief Executive Officer of Macellum Capital Management, LLC, which operates a pooled investment fund as well as several special purpose vehicles used for activist campaigns.

Mr. Duskin has over 20 years of experience investing in the consumer and retail sector.  Mr. Duskin has previously served as a Managing Director and Partner at Prentice Capital Management, LP, an investment management firm, as a Managing Director at S.A.C. Capital Associates LLC, a New York-based hedge fund, and as a Managing Director, the Head of Product Management and Chairman of the Investment Policy Committee within the Research Department at Lehman Brothers Inc.

Mr. Duskin currently serves on the board of directors of Christopher & Banks Corporation and Citi Trends, Inc. Mr. Duskin previously served on the boards of directors of The Wet Seal, Inc., Whitehall Jewelers, Inc. and Inc.  




Aaron Goldstein

Partner & Portfolio Manager at Macellum Capital Management, LLC where he was instrumental in four of our successful proxy contests including The Children's Place, Christopher & Banks, Citi Trends and Bed Bath & Beyond.   

Mr. Goldstein has over 12 years of experience investing in the consumer and retail sector.  Mr. Goldstein served as an Analyst at Scopus Asset Management, a New York-based hedge fund, as a Vice President at JP Morgan Chase & Co., Analyst at Bear, Stearns & Co. Inc. and as a consultant at Telsey Advisory Group.