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...
The face of India`s modern retail, Kishore Biyani, is now set to advise fashionistas of the high streets of New York. The Managing Director and CEO of Pantaloon Retail, Biyani has become a member of the New York Fashion...
American retailer Macy's said it had a fiscal third-quarter profit after limiting expenses. The retailer cut its fourth-quarter sales forecast, sending the shares down the most in more than five years.
Macy's reversed a year-earlier loss as costs to integrate...