Tony Spring, a Bloomingdale’s veteran, assumes the top job as an investor group threatens to take a buyout bid to shareholders.
Category: Gennette, Jeffrey
-
Tony Spring, Macy’s New C.E.O., Faces Retail Puzzle
Tony Spring, a Bloomingdale’s veteran, assumes the top job as an investor group threatens to take a buyout bid to shareholders.
-
Macy’s Rejects Takeover Bid, but Remains ‘Open to Opportunities’
The retailer, which has struggled to increase its sales as shoppers cut back, acknowledged that it had received an unsolicited buyout offer, which it said ‘lacks compelling value.’
-
Macy’s Plans to Cut 2,350 Jobs and Close 5 Stores
The layoffs, focused on corporate positions, will reduce the retailer’s work force by 3.5 percent as a new chief executive prepares to take the reins.
-
There’s a Lot Riding on Black Friday and Cyber Monday
The White House and economists will be closely watching the annual shopping events for insight into what the data says about the state of the consumer.
-
Black Friday Isn’t What It Used to Be
Big discounts, many of them online only, start appearing well before Thanksgiving and will run long after. Some people still go to the mall, though.
-
Macy’s Names Next Bloomingdale’s C.E.O.
Olivier Bron is arriving from a Thai department store chain as Macy’s continues its leadership shuffle.
-
Macy’s Says Tony Spring Will Succeed Jeff Gennette as C.E.O.
The New York Times – Business:Tony Spring, who runs Bloomingdale’s, will replace Jeff Gennette as C.E.O. in February. Mr. Gennette has led the chain since 2017.
-
The Retail C.E.O. Pipeline Is Running Dry
The New York Times – Business:The battered industry’s next generation of leaders needs a complex set of skills, yet scaled-down store training programs aren’t meeting demand.
-
Macy’s Plans to Invest Millions to Fund Minority-Owned Businesses
The New York Times – Business:The department store chain is investing $30 million over five years to support entrepreneurs from underrepresented groups in the retail industry.