Macy’s beat a second-quarter Wall Street earnings estimate, but comparable sales slipped as the company prepares for the upcoming holidays by fortifying its home product assortment. Net income was $150 million, or 53 cents per diluted share, versus a net loss of $22...
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...
The annual parade it sponsors may be the best known of its holiday endeavors, but Macy’s has multiple operational initiatives on tap for the year-end celebratory season including plans to hire 76,000 full- and part-time colleagues at its Macy’s, Bloomingdale’s and...
