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
Moderna COVID-19 Vaccine Sales Drop 91%
Moderna’s only product is the vaccine that became popular during the pandemic.
Norwegian Cruise Line: No Clothes, No Problem on ‘The Big Nude Boat’
Clothing-optional vacations from Norwegian Cruise Line will start next year.
Sony and Apollo Express Interest in $26B Paramount Buyout Amid Skydance Merger Talks
Sony Pictures and Apollo Global Management have sent a letter to the Paramount Global board showing their interest in buying the company for around $26 billion.
Spotify Discreetly Shifts Lyrics Behind a Paid Subscription
Spotify has supposedly scoped out a new method to shift its free users behind a paywall.