A LIFEBOAT FOR MACY’S?

Publication

19 April 2017 à 16h44

Updated on 10 May 2019 à 17h50

Reading time

2 minutes

Publication: 19 April 2017 à 16h44, Updated on 10 May 2019 à 17h50

Reading time: 2 minutes

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Publication

19 April 2017 à 16h44

Updated on 10 May 2019 à 17h50

Reading time

2 minutes

Publication: 19 April 2017 à 16h44, Updated on 10 May 2019 à 17h50

Reading time: 2 minutes

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Jeff Gennette

Jeff Gennette (aged 55) is the new C.E.O. of Macy’s, the U.S. biggest department stores by sales. He joined the chain in 1983 as a trainee and worked his way up to President, James McArthurreplacing the former C.E.O. Terry Lundgren, who remains as Chairman of the struggling retailer. In the year to January 2017, Macy’s sales dropped by 5% and profit fell by 42% to $619 million, both for the second consecutive year. Competitive differentiation of the offering is a key focus for...

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