After 40 years with the company, Macy’s chairman and CEO Jeff Gennette has announced plans to retire in February 2024, in a move that will trigger a succession plan that will make Tony Spring, now executive vice president and Bloomingdale’s chairman and CEO, Macy’s...
Macy’s beat a Wall Street earnings estimate as comps fell at its namesake banner but gained at its Bloomingdale’s and Bluemercury operations. Net income for the quarter was $508 million, or $1.83 per diluted share, versus $742 million, or $2.44 per diluted share, in...
Before its scheduled fourth quarter and full year 2022 in March, Macy’s issued an update on final-frame activity and provided additional insights during a conference hosted by advisory firm ICR Capital, which together provided a deeper dive into where the...
The luxury customer gave Macy’s a boost in the third quarter as the company’s prospects evolve given opportunities to leverage its upscale store concepts and execute against its omnichannel strategy with a mix of online and brick-and-mortar initiatives. Net income was...
Macy’s announced an intention to hire 41,000 employees for full- and part-time seasonal positions through the upcoming holiday season. The hires will occur at Macy’s, Bloomingdale’s and Bluemercury stores, supply chain locations and call centers, the company noted....
