Macy’s, Inc. to host national holiday hiring event from Sept. 28-Sept. 29; will hire 80,000 seasonal associates

CINCINNATI, 2017-Sep-21 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today announced plans to hire approximately 80,000 seasonal associates for positions at its Macy’s and Bloomingdale’s stores, call centers, distribution centers and online fulfillment centers nationwide for the 2017 Christmas and holiday season.

The company also announced its national holiday hiring event, expanding to two days this year: Thursday, Sept. 28, 11 a.m. – 8 p.m., and Friday, Sept. 29, 11 a.m. – 6 p.m., in local time zones. Job candidates can visit all Macy’s, Bloomingdale’s and Macy’s Backstage stores, as well as the company’s call centers and distribution and fulfillment centers. Each location’s hiring event offers a warm welcome to candidates and a comfortable hiring experience.

To discover open positions and opportunities for on-site interviews, candidates should apply in advance at macysJOBS.com or bloomingdalesJOBS.com. Positions in all facilities and stores nationwide are searchable on the easy-to-navigate hiring sites. Candidates who submit applications online will receive a response via e-mail.

“Macy’s greatest strength is our talent, and our associates, who directly engage with our customers, play a major role in our success. During the holiday season, Macy’s and Bloomingdale’s shoppers appreciate our higher staffing levels wherever they connect with us – in stores, online and mobile, or by phone, and our associates love the income-earning opportunity,” said Jeff Gennette, Macy’s, Inc. chief executive officer. “We first offer current associates the opportunity to work extra hours over the holidays, and then add to our workforce with seasonal hires. We also employ students, retirees and individuals from many walks of life who wish to supplement their income and benefit from receiving a merchandise discount. We are proud to offer them this opportunity to work in a fun, fast-paced and collegial environment.”

Macy’s, Inc.’s 2017 seasonal hiring plan includes the following:

  • About 18,000 of the 80,000 total seasonal positions will be based in direct-to-consumer fulfillment facilities that support sales generated by the company’s omnichannel business strategy. This is an increase of 3,000 positions compared to 2016. These positions are located in megacenters in Goodyear, AZ; Cheshire, CT; Tulsa, OK; Portland, TN; and Martinsburg, WV, as well as in product-specific fulfillment centers in Sacramento, CA; Stone Mountain, GA; Secaucus, NJ; and Joppa, MD.
  • Approximately 1,000 associates will be hired to interact with customers via telephone, email and online chat at customer service centers in Mason, OH; Clearwater, FL; and Tempe, AZ.
  • More than 1,000 people will be hired across the country to support the 91st annual Macy’s Thanksgiving Day Parade, Santalands and other iconic holiday events.

Seasonal associates at Macy’s and Bloomingdale’s serve customers on the selling floor, work in store operations positions, interact with customers via call centers, and staff the distribution and fulfillment centers that coordinate shipments to stores and directly to customers who buy online or via mobile. Macy’s, Inc. is one of the largest online retailers in America. Most seasonal positions are part-time, often with flexibility to fit the availability of the individuals hired.

“The overall number of seasonal associates is in line with our streamlined store base. By increasing the number of associates in our direct-to-consumer fulfillment facilities, we’re ensuring our customers get the service and seamless omnichannel experience they want during this important time of year,” concluded Gennette.

About Macy’s, Inc.

Macy’s, Inc. is one of the nation’s premier retailers. With fiscal 2016 sales of $25.778 billion and approximately 140,000 employees, the company operates more than 700 department stores under the nameplates Macy’s and Bloomingdale’s, and approximately 150 specialty stores that include Bloomingdale’s The Outlet, Bluemercury and Macy’s Backstage. Macy’s, Inc. operates stores in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com. Bloomingdale’s stores in Dubai and Kuwait are operated by Al Tayer Group LLC under license agreements. Macy’s, Inc. has corporate offices in Cincinnati, Ohio, and New York, New York.

(NOTE: Additional information on Macy’s, Inc., including past news releases, is available at www.macysinc.com/pressroom)

Media:
Blair Fasbender Rosenberg
646-429-6032

Investors:
Monica Koehler
513-579-7780

Source: Macy’s, Inc.

Macy’s appoints Hal Lawton as president

Company also announces actions to balance the ‘art and science’ of retail through changes to merchandising structure and strengthened consumer insights and data analytics

CINCINNATI, 2017-Aug-22 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today (Aug. 21, 2017) announced several changes intended to improve the company’s performance, including the hiring of Hal Lawton as president, the creation of a single simplified merchandising organization and an enhanced focus on the company’s data analytics capabilities.

Hal Lawton Named President of Macy’s

Hal Lawton has been named president of Macy’s, effective Sept. 8, 2017. As president, Mr. Lawton will be responsible for all aspects of the Macy’s brand, including merchandising, marketing, stores, operations, technology, and consumer insights and analytics. He will report to Jeff Gennette, Macy’s, Inc. chief executive officer. Mr. Lawton has strong technology and digital expertise and was most recently senior vice president, eBay North America. He spent his earlier career at Home Depot and McKinsey & Company.

“Hal Lawton has deep expertise at the intersection of retail and technology, a diverse set of business experiences that give him a unique perspective, and a track record of successfully driving a change agenda at scale. I’m thrilled that he has chosen to join Macy’s,” said Mr. Gennette. “This is a key step as we look to further transform the business and work through the volatility of today’s retail landscape. Macy’s already has one of the strongest omnichannel businesses in the industry, and with Hal on the team, we will accelerate the integration of digital both online and in our stores to deliver the world-class experience our customers demand.”

“At a time when there is both dramatic change and great potential in retail, I’m excited to be part of the team that will shape the future of the Macy’s brand and, along with it, consumer expectations of what a great omnichannel experience can be,” said Lawton. “I look forward to working with Jeff, the management team and Macy’s associates across the country. It’s great to play a part in the transformation of this iconic company.”

As SVP of eBay North America, Mr. Lawton was responsible for all aspects of eBay’s Americas business unit and oversaw a period of sustained, sequential performance improvement. Prior to joining eBay, Mr. Lawton spent 10 years in various leadership roles at Home Depot, where he was most recently SVP for merchandising. While at Home Depot, Mr. Lawton was responsible for jump-starting homedepot.com and building it into a nearly $2 billion business.

Improvements to Merchandising, Strengthened Consumer Insights and Data Analytics Capabilities

The company also announced the restructuring of its merchandising operations and the strengthening of its consumer insights and data analytics capabilities.

The restructuring includes the consolidation of three functions – merchandising, planning and private brands – into a single Merchandising function to be led by Jeff Kantor and organized around five ‘families-of-business’ (Ready-to-Wear, Center Core, Beauty, Men’s and Kid’s, and Home). Feeding into this new merchandising structure are strengthened customer insights and data analytics, which the company is expanding to include inventory replenishment and pricing capabilities.

“Macy’s best merchants will be in the right structure to operate at the speed of our customer and will be fueled by the power of data,” said Gennette. “Macy’s has long been known for innovation and excellence in merchandising. The changes we are making today maintain our core merchandising skills while massively simplifying our structure and processes for greater speed and flexibility. We are also further strengthening our consumer insights and data analytics capabilities so we can make better decisions faster, balancing the art and science of retail.”

“Exclusivity is a great customer loyalty tool, and we plan to grow that offering to 40 percent of our business. Having a single lens for each family-of-business will allow us to expedite our strategy of delivering this edited, elevated and exclusive assortment to our best customers. To achieve this, we will aggressively grow our private brands while also offering the best national brands,” continued Gennette. “I’ve asked Jeff Kantor to lead Merchandising because of his deep knowledge of our business, strong relationships with our brand partners and outstanding leaderships skills.”

Mr. Kantor is a 35-year Macy’s veteran, with extensive experience in merchandising and stores. He also successfully oversaw macys.com. Currently, Mr. Kantor serves as chief stores and human resources officer. Mr. Kantor will report to Mr. Lawton.

Financial Impact

While the primary objective of this restructuring is growth, the company anticipates it will save approximately $30 million on an annual basis, some of which may be used for reinvestment in the business. The company anticipates savings of approximately $5 million or approximately 1 cent per share in the fourth quarter of 2017, which is additive to previously provided earnings guidance.

The company anticipates one-time costs of approximately $20 – $25 million associated with this restructuring, to be booked primarily in the third quarter of 2017.

The company expects that these actions will result in a headcount reduction of approximately 100.

About Hal Lawton

Hal Lawton was named SVP, eBay North America, in April 2015. In that role, Lawton oversaw all aspects of eBay’s Americas business unit, including marketing, merchandising, operations, business selling, consumer selling, and advertising, as well as global responsibility for shipping, payments, risk, and trust. Prior to joining eBay, Lawton spent 10 years in various leadership roles at Home Depot, where he most recently was SVP for merchandising. Lawton was responsible for starting Home Depot’s Internet business and building it to nearly $2 billion. Prior to that Lawton was an associate principal at McKinsey & Co., providing strategic advice to executive teams in consumer packaged goods and manufacturing industries.

Lawton serves on the board of Buffalo Wild Wings Inc. He also serves on the corporate advisory board for The University of Virginia’s Darden School of Business and is a member of the Board of the San Jose Children’s Discovery Museum. He holds an MBA from the University of Virginia and a Bachelor’s degree in Chemical Engineering from North Carolina State University.

About Jeff Kantor

Jeff Kantor has nearly four decades of experience with Macy’s, Inc. and its predecessor companies. He was named chief stores officer of Macy’s, Inc. in February 2015, responsible for overseeing all aspects of store strategy, management and operations. He assumed additional responsibility for Human Resources in February 2017. Previously, Kantor was named chairman of macys.com and served as macys.com’s president for merchandising. Prior to that, Kantor had been Macy’s president, merchandising for home. Kantor was previously president and chief executive officer of the Hecht’s/Strawbridge’s division of the May Department Stores Company, which was acquired by Macy’s, Inc. in 2005. Kantor started his career as an assistant buyer at the Boston-based Filene’s/Kaufmann’s division of May Company in 1981.

About Macy’s, Inc.

Macy’s, Inc. is one of the nation’s premier retailers. With fiscal 2016 sales of $25.778 billion and approximately 140,000 employees, the company operates more than 700 department stores under the nameplates Macy’s and Bloomingdale’s, and approximately 150 specialty stores that include Bloomingdale’s The Outlet, Bluemercury and Macy’s Backstage. Macy’s, Inc. operates stores in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com. Bloomingdale’s stores in Dubai and Kuwait are operated by Al Tayer Group LLC under license agreements. Macy’s, Inc. has corporate offices in Cincinnati, Ohio, and New York, New York.

All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy’s management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed real estate and other transactions, prevailing interest rates and non-recurring charges, store closings, competitive pressures from specialty stores, general merchandise stores, off-price and discount stores, manufacturers’ outlets, the Internet, mail-order catalogs and television shopping and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the Securities and Exchange Commission. Macy’s disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Media:
Blair Fasbender Rosenberg
646-429-6032

Investors:
Monica Koehler
513-579-7780

Source: Macy’s, Inc.

Macy’s announces the appointment of Yasir Anwar to the role of EVP and chief technology officer

  • Appointment Is Part of Broader Restructuring of Technology Team to Expand Technological Capabilities and Further Drive Mobile and Digital Growth
  • Mike Robinson to Assume Role of Executive Vice President, Product Management and Customer Experience

CINCINNATI, 2017-Jun-05 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today (Jun. 1, 2017) announced the appointment of Yasir Anwar to the role of executive vice president and chief technology officer effective immediately. In this new role, Anwar will oversee all technology functions for Macy’s, Inc. Anwar will drive the alignment of Macy’s, Inc.’s technology efforts with the company’s strategy. He will be responsible for the teams that build the end-to-end ecommerce experience, enterprise-shared services, infrastructure, field services and functional IT support.

Mike Robinson has been named executive vice president, product management and customer experience. In this role, Robinson will manage all aspects of product management, portfolio and user experiences for digital, store and omnichannel systems. Robinson will oversee a unified product and portfolio vision, allowing customers to shop seamlessly and easily across all Macy’s, Inc. channels.

“Maximizing our technology capabilities and continuing the strong growth of our digital and mobile platforms is a high priority for Macy’s, Inc. and we are restructuring our technology teams to support these efforts,” said President and Chief Executive Officer Jeff Gennette. “Bringing the Macy’s technology teams together under Yasir’s leadership will result in faster time to market and decision making through a streamlined IT organization that will create nimble platforms for continuous business transformation. Mike’s focus on product and customer experience will ensure that our best customer continues to be able to shop the way she lives both on-line and in-store.”

Anwar and Robinson will report to R.B. Harrison, chief omnichannel and operations officer.

About Yasir Anwar

Yasir Anwar joined macys.com as vice president, engineering in May 2012. He was promoted to group vice president, engineering in April 2014 and senior vice president, digital technology in April 2016. Anwar was appointed chief technology officer in February 2017. As a founder of MacysLabs, Anwar introduced lean development practices and established lean delivery teams to transform the delivery model, with a focus on experimentation and customer testing. Prior to joining Macy’s, Anwar was the head of engineering at Walmartlabs, where he built next generation platforms for Walmart Global eCommerce. Previously, Anwar was the head of engineering for Samsclub.com and led architecture for Walmart.com.

About Macy’s, Inc.

Macy’s, Inc. is one of the nation’s premier retailers. With fiscal 2016 sales of $25.778 billion and approximately 140,000 employees, the company operates more than 700 department stores under the nameplates Macy’s and Bloomingdale’s, and approximately 125 specialty stores that include Bloomingdale’s The Outlet, Bluemercury and Macy’s Backstage. Macy’s, Inc. operates stores in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com. Bloomingdale’s stores in Dubai and Kuwait are operated by Al Tayer Group LLC under license agreements. Macy’s, Inc. has corporate offices in Cincinnati, Ohio, and New York, New York.

(NOTE: Additional information on Macy’s, Inc., including past news releases, is available at www.macysinc.com/pressroom).

Macy’s Media:
Blair Fasbender Rosenberg
212-333-3810

Macy’s Investors:
Monica Koehler
513-579-7780

Source: Macy’s, Inc.

Macy’s becomes the exclusive U.S. department store for DKNY women’s apparel and accessories

NEW YORK, 2017-Mar-31 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M), one of the nation’s premier retailers, and G-III Apparel Group, Ltd., a leading manufacturer and distributor of apparel and accessories under licensed brands, owned brands and private label brands, today announced an agreement under which Macy’s will serve, beginning February 2018, as the exclusive U.S. department store for sales of DKNY women’s apparel and accessories.

Under the agreement, Macy’s exclusivity covers DKNY women’s apparel, handbags and shoes, in addition to women’s and men’s outerwear and swim, which will be available at Macy’s locations nationwide and on macys.com. Macy’s and G-III will work closely on brand extensions and exclusive products that build upon the founding principles of the iconic New York–based brand. The agreement also plans for increased and enhanced DKNY shop-in-shops in Macy’s stores.

“We want to create partnerships that offer our customers products and experiences that they can find only at Macy’s, and DKNY is a fashion-first brand we know our customers love,” said Jeff Gennette, president and chief executive officer of Macy’s, Inc. “By offering exclusive access in key categories, we are confident that DKNY will quickly become one of our top brands. Their remarkable global recognition combined with our expansive footprint make Macy’s and DKNY a perfect partnership.”

“We believe that Macy’s is the ideal partner as we implement our strategy for DKNY to be the premier brand in the world for women’s apparel and accessories,” said Morris Goldfarb, chairman and chief executive officer of G-III. “We have worked well with Macy’s in the past with respect to our portfolio of brands and we are confident that this partnership with Macy’s will help DKNY flourish and capture market share.”

G-III will continue to operate the freestanding global DKNY stores and DKNY.com. G-III also will maintain DKNY’s agreements with international license partners and distributors outside of the United States. Products outside the exclusive categories and products distributed by DKNY’s various licensees under other categories in the DKNY family will continue to be sold to a broad range of department stores, including Macy’s.

About G-III Apparel Group, Ltd.

G-III is a leading manufacturer and distributor of apparel and accessories under licensed brands, owned brands and private label brands. G-III’s owned brands include Donna Karan, DKNY, Vilebrequin, Eliza J., Andrew Marc, Marc New York, Bass, and Jessica Howard. G-III has fashion licenses under the Calvin Klein, Tommy Hilfiger, Karl Lagerfeld, Kenneth Cole, Cole Haan, Guess?, Vince Camuto, Ivanka Trump, Kensie, Jessica Simpson, Levi’s and Dockers brands. Through its team sports business, G-III has licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, Hands High, Touch by Alyssa Milano and more than 100 U.S. colleges and universities. G-III also operates retail stores under the DKNY, Wilsons Leather, Bass, Vilebrequin and Calvin Klein Performance names.

Statements concerning G-III’s business outlook or future economic performance, anticipated revenues, expenses or other financial items; product introductions and plans and objectives related thereto; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters are “forward-looking statements” as that term is defined under the Federal Securities laws. Forward-looking statements are subject to risks, uncertainties and factors which include, but are not limited to, reliance on licensed product, reliance on foreign manufacturers, risks of doing business abroad, the current economic and credit environment, the nature of the apparel industry, including changing customer demand and tastes, customer concentration, seasonality, risks of operating a retail business, customer acceptance of new products, the impact of competitive products and pricing, dependence on existing management, possible disruption from acquisitions, risks relating to G-III’s acquisition ofDonna Karan International Inc. and general economic conditions, as well as other risks detailed in G-III’s filings with the Securities and Exchange Commission. G-III assumes no obligation to update the information in this release.

About DKNY

DKNY is one of the world’s leading fashion brands. From the house founded by Donna Karan in 1984, DKNY emerged in 1989. The company designs, markets and distributes collections of apparel, accessories, footwear and select licensed product with distribution in free standing stores and select department and specialty stores globally. The label continues to merge modern tailoring with sophisticated ease, celebrating the aspirational and practical spirit of New York. Acquired by G-III Apparel Group in December 2016, the company continues to be recognized as one of the most heralded names in American fashion.

About Macy’s, Inc.

Macy’s, Inc. is one of the nation’s premier retailers. With fiscal 2016 sales of $25.778 billion and approximately 140,000 employees, the company operates more than 700 department stores under the nameplates Macy’s and Bloomingdale’s, and approximately 125 specialty stores that include Bloomingdale’s The Outlet, Bluemercury and Macy’s Backstage. Macy’s, Inc. operates stores in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com. Bloomingdale’s stores in Dubai and Kuwait are operated by Al Tayer Group LLC under license agreements. Macy’s, Inc. has corporate offices in Cincinnati, Ohio, and New York, New York.

All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy’s management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed real estate and other transactions, prevailing interest rates and non-recurring charges, store closings, competitive pressures from specialty stores, general merchandise stores, off-price and discount stores, manufacturers’ outlets, the Internet, mail-order catalogs and television shopping and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the Securities and Exchange Commission. Macy’s disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

(NOTE: Additional information on Macy’s, Inc., including past news releases, is available at www.macysinc.com/pressroom)

Contact:
Julie Strider Fukami
646-429-5213
julie.striderfukami@macys.com

DKNY
Jacalyn Bouza
212-768-5903
jbouza@dkny.com

Source: Macy’s, Inc.

Macy’s CEO Terry J. Lundgren will transition the position to Jeff Gennette in Q1 2017

Terry Lundgren to remain Executive Chairman as Jeff Gennette becomes CEO in the first quarter of 2017; Planned succession process supports upcoming strategies for business improvement

CINCINNATI, 2016-Jun-28 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today announced that Terry J. Lundgren, the company’s CEO since 2003 and Chairman since 2004, will transition the position of CEO to Jeff Gennette in the first quarter of 2017. The transition is part of the board of directors’ succession plan that included Gennette’s election as President of Macy’s, Inc. in 2014. Beyond the first quarter of 2017, Lundgren will continue as Executive Chairman of the company and work side-by-side with Gennette as President and CEO.

Gennette will join the Macy’s, Inc. board of directors, effective today – bringing the size of the board to 14 members. He will assume additional management responsibility during the transition period, including oversight of the Macy’s stores organization.

“I have been honored to lead this enterprise through a period of unprecedented reinvention. While our company is larger, stronger and more resourceful than we were 13 years ago, now is the time to reset our business model to thrive in a future that is being driven by rapid evolution in consumer preferences and shopping habits. Our company must and will change in response to the profound secular forces that are driving consumer spending. I am firmly committed to, and invigorated by, the process we have begun to set a going-forward strategy in lockstep with our evolving customers,” Lundgren said.

“Jeff Gennette is an extraordinary leader who has distinguished himself as a skilled merchant and retail operator. He has worked closely with me over the past two years as president of Macy’s, Inc. in a first step in this succession process, and we are closely aligned on creating a compelling and sustainable path forward. In making this announcement today, the board and I want to communicate proactively the timing of the CEO transition as we act to seamlessly implement our future plans. Jeff and our team are well equipped to continue the transformation of our company for the next generation of customers and associates.”

Added Marna C. Whittington, Macy’s, Inc. lead independent director: “Since taking the reins in 2003, Terry Lundgrenhas been an outstanding leader of this company. His tenure has included nearly doubling topline sales, acquiring theMay Department Stores Company, creating Macy’s and Bloomingdale’s as nationwide brands with emerging global opportunities, and establishing Macy’s, Inc. as one of the top six online retailers in the United States, and number three in the categories we sell. His leadership, combined with his vision and energy, will help set the tone for the next generation of growth at Macy’s, Inc. in collaboration with Jeff and the management team. One of Terry’s hallmarks has been creating an exceptional depth of management talent. Jeff Gennette has demonstrated proven leadership skills over his 33-year career with the company, and he is uniquely capable of leading the next chapter of Macy’s, Inc.’s history given his in-depth knowledge of the organization, his merchandising acumen and clear insight into the evolution of the retailing landscape. The entire board of directors is pleased and we are fortunate that an executive of Jeff’s caliber is in place to be the company’s next CEO and lead implementation of our going-forward strategies.”

Lundgren and Gennette will continue to work very closely together on improving current business trends and setting the stage for changes that will be announced as decisions are finalized.

“This is the time for us to be laser-focused on what is most important to our customers, and how we can best deliver the shopping experience that will secure our position as the premier omnichannel retailer of the future,” Gennette said. “We have successfully navigated our way through changing customer trends in the past and there is no doubt that Macy’s, Inc. will need to be a significantly different retailer in the future in the way we operate and approach the marketplace. But we also must continue to tackle our immediate priorities with vigor and discipline. Terry and I have an outstanding relationship and we will continue to collaborate closely through this CEO transition process.”

Jeff Gennette, 55, was named President of Macy’s, Inc. in March 2014 after serving as Macy’s Chief Merchandising Officer since February 2009. From February 2008 to February 2009, Gennette served as chairman and CEO of Macy’s West in San Francisco. He began his retail career in 1983 as an executive trainee at Macy’s West. He held positions of increasing responsibilities, including vice president and division merchandise manager for men’s collection and senior vice president and general merchandise manager for men’s and children’s. In 2004, Gennette was appointed executive vice president and director of stores at Macy’s Central in Atlanta. From February 2006 toFebruary 2008, Gennette was chairman and chief executive officer of Seattle-based Macy’s Northwest. During his career, Gennette also served as a store manager for FAO Schwarz and director of stores for Broadway Stores, Inc.Gennette, a native of San Diego, is a graduate of Stanford University.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2015 sales of $27.079 billion. The company operates about 870 stores in 45 states, the District of Columbia, Guamand Puerto Rico under the names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet, Macy’s Backstage and Bluemercury, as well as the macys.com, bloomingdales.com and bluemercury.com websites. Bloomingdale’s inDubai is operated by Al Tayer Group LLC under a license agreement.

All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy’s management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed transactions, prevailing interest rates and non-recurring charges, competitive pressures from specialty stores, general merchandise stores, off-price and discount stores, manufacturers’ outlets, the Internet, mail-order catalogs and television shopping and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the Securities and Exchange Commission.

Contact:

Media:
Jim Sluzewski
513-579-7764

Investor:
Matt Stautberg
513-579-7780

Source: Macy’s, Inc.