Shares of Macy’s Inc. fell 2.1% toward a six-month low in premarket trading Wednesday, after the department store chain said Chief Executive Jeff Gennette...
Shares of Macy’s Inc. M fell 2.1% toward a six-month low in premarket trading Wednesday, after the department store chain said Chief Executive Jeff Gennette plans to retire at the end of the fiscal year, after nearly seven years in the role and 40 years with the company. The company named Tony Spring, currently executive vice president and CEO of the company’s Bloomingdale’s business, as CEO-elect, effectively immediately. The company expects to name Spring CEO of Macy’s in February 2024.
1% toward a six-month low in premarket trading Wednesday, after the department store chain said Chief Executive Jeff Gennette plans to retire at the end of the fiscal year, after nearly seven years in the role and 40 years with the company. The company named Tony Spring, currently executive vice president and CEO of the company’s Bloomingdale’s business, as CEO-elect, effectively immediately. The company expects to name Spring CEO of Macy’s in February 2024.
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