Macy’s CEO Jeff Gennette to retire in February
March 29, 2023
Jeff Gennette will retire in February 2024 after nearly seven years leading Macy’s. He will be replaced by Tony Spring, CEO of Bloomingdale’s since 2014. Mr. Gennette has spearheaded turnaround efforts at Macy’s under the company’s Polaris strategy, which has included introducing new store formats and shuttering unprofitable locations.
Recent News
Merger Forces Kroger and Albertsons To Sell More Stores
Kroger and Albertsons are selling more of their stores to address concerns about their merger.
JD Sports Bids for Hibbett in $1.08 Billion Deal
JD Sports Fashion plans to buy Hibbett Inc. for around $1.08 billion. The move aims to help the UK’s largest sportswear retailer grow in the southeastern United States.
Disney Technology Executive Leaves Company for Personal Reasons
Aaron LaBerge will stay on at Disney until June 2024.
Amazon Ends Drone Delivery in California, Here’s Where It’s Going Next
This new location will allow for quicker, same-day delivery.