July 3 (Reuters) - Arkhouse Management and Brigade

Capital Management have raised their bid to buy Macy's for

about $6.9 billion, the Wall Street Journal reported on

Wednesday citing people familiar with the matter.

The new proposal is to acquire Macy's stock Arkhouse and

Brigade Capital do not already own for $24.80 each, up from $24

per share offered in March.

Arkhouse Management and Macy's did not immediately respond

to Reuters' requests for comment.