Gennette

Tony Spring speaks at an event unveiling the Macy's new women's apparel brand, On 34th, in July. Spring is former CEO of Bloomingdale's and begins as Macy's CEO in February 2024, succeeding longtime Macy's CEO Jeff Gennette, right.Melissa Repko | CNBCInside its headquarters in New York City's Herald Square, Macy's got ready to unveil its newest women's clothing brand. Its incoming CEO Tony Spring prepared for his own reveal.Spring took the stage in mid-July in front of fashion influencers, reporters and Macy's employees,…

Jeff Gennette, CEO of Macy's.Getty ImagesMacy's CEO Jeff Gennette will retire early next year after a four-decade career at the company, the department store chain announced Wednesday morning.Gennette, 61, plans to step down in February. He will be succeeded by Tony Spring, CEO of the company's higher-end department store banner, Bloomingdale's.In addition to the CEO change, Macy's Chief Financial Officer Adrian Mitchell, 49, will take on an expanded role and also serve as the company's chief operating officer. He will…

The chief executive of Macy’s Inc. M -1.01% will retire after steering the department-store chain through several crises, handing over its future to one of his lieutenants. Jeff Gennette, a Macy’s veteran who took over as CEO in 2017, will step aside in February, the company said. He faced the rise of Amazon.com Inc. as an apparel rival, fended off an activist investor’s calls to split Macy’s stores from its e-commerce business and managed…