In connection with its leadership succession plan made public on March 29, 2023, Macy’s has announced that Tony Spring has taken over the CEO role at the company, succeeding Jeff Gennette, who is retiring. Gennette will continue as chair of the Macy’s board until the...
Small-store strategies have proven popular with a number of major retailers. Macy’s, for one, has been particularly adamant about the importance of limited size and limited assortment in full-priced stores, seeing the opportunity to draw new customers to locations...
Despite posting year-over-year declines, Macy’s beat Wall Street estimates for the third quarter as the company prepares to emphasize its gifting assortment for the holiday season. Net income was $43 million, or 15 cents per diluted share, versus $108 million, or 39...
Macy’s has announced plans to expand its compact retail concepts including a third Bloomie’s, the Bloomingdale’s small-format store, opening in Seattle, WA on November 2. Macy’s declared an acceleration of its small-format store rollout...
As the year runs toward its retail epitome, Macy’s has announced plans to hire more than 38,000 full- and part-time holiday jobs, consistent with the number of positions it opened for the 2022 season. The jobs will include positions at the company’s Macy’s,...
