 Their offer was revised once again last month. Macy's said that offer still failed to have compelling value and lacked financing certainty. Macy's said its board has concluded that further talks were not in its best interest. Macy's will now turn its focus to turning around the company through a standalone operating plan. Karen Moscow, Bloomberg Radio. Macy's shares traded down 12% at the close of trading. Coming up, Bill Ferry is going to be taking a closer look at the Republican convention.