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Macy’s Names Gennette’s Successor as CEO Plans 2024 Retirement

Retail TouchPoints

Jeff Gennette, Chairman and CEO of Macy’s since 2017, plans to retire in February 2024 after a total of four decades with the retailer. Mitchell will lead the stores, technology and supply chain teams in addition to his current real estate and finance responsibilities. I’m excited that Tony Spring has been appointed Macy’s Inc.’s

Planning 264
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Saks Parent HBC to Buy Neiman Marcus Group for $2.65 Billion, Including Investment from Amazon

Retail TouchPoints

Negotiations for a potential purchase of the luxury department store retailer stretch as far back as 2017. Department store services and technology, while not as big as grocery, could be a more accessible opportunity for Amazon and a great learning exercise.” To fund the acquisition, HBC has secured $1.15

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Lessons from Glossier: How Retailers can Move from Digital to Physical

Retail TouchPoints

Many look to the example of Glossier and the way it has boomed since opening physical stores. For example, its NYC store features red standpipes, subway signs and sculptures replicating those found around the city. Entertaining Customers A visit to a Glossier store is an experience.

Finance 263
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As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

Retail TouchPoints

He brings a unique background of 20 years in the retail data intelligence space, following multiple internal finance, planning, buying and store operations roles for retail giants Target, Macy’s and Kroger. Barach guides development and customer deployment of antuit.ai Joining antuit.ai

Markdowns 278
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Retail appointments of the week

Inside Retail

Gennette, who has been in the role since 2017, will be succeeded by Tony Spring, who is currently in the same role at Bloomingdale’s, the luxury chain owned by Macy’s. Gennette, who started at Macy’s in 1983, said that he was retiring because it was the right time for him and his family.

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Garratt named Dollar General president

Mass Relators

The 53-year-old Garratt will remain responsible for the company’s finance, accounting, strategy and procurement functions. Garratt joined Dollar General in 2014 as senior vice president of finance and strategy and has served as executive vice president and CFO since 2015.

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Target names Michael Fiddelke COO

Mass Relators

Since that time, he has held a variety of leadership positions across the organization, including finance, merchandising, human resources and store operations. Gomez joined Target in 2013 and was named to the company’s leadership team in 2017.

Finance 52