Jeff Gennette

Macy’s announced the closing on approximately US$ 4.5 billion of new financing, including its previously announced US$ 1.3 billion of 8.375 percent senior secured notes, as well as a new US$ 3.15 billion asset-based credit agreement. In addition, the company...

The coronavirus outbreak has transformed the US virtually overnight from a place of boundless consumerism to one suddenly constrained by nesting and social distancing.The crisis tests all retailers, leading to temporary store closures at companies like Apple and Nike,...

Macy’s, Inc. announced an updated strategy and three-year plan designed to stabilize profitability and position the company for growth. “We have a clear vision of where Macy’s, Inc. and our brands, Macy’s, Bloomingdale’s and Bluemercury, fit into retail today. We...

Department store operator Macy’s on Friday announced that Executive Chairman Terry Lundgren will retire on January 31. The retailer named CEO Jeff Gennette as Lundgren’s replacement. Gennette will serve as both chairman and CEO after Lundgren retires. Macy’s said its board...

Macy's Inc. announced a management shakeup Monday, with the hiring of an eBay executive, Hal Lawton, as President and the elimination of 100 jobs by consolidating the company's merchandising, planning and private brands functions. "Hal Lawton has deep expertise at...