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Macy's Falls as Markdowns to Clear Inventory Cut Into Sales

(Bloomberg) Macy’s Inc. comparable sales beat analyst expectations, but a significant drop from a year ago shows that department store customers are pulling back on purchases.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefStocks Lose Traction After Megacap-Led Bounce: Markets WrapS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateWhile US shoppers are spending at stores like Walmart Inc ....

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Macy's CEO Jeff Gennette to retire next year

Tony Spring, the current chairman and CEO of Bloomingdale's, will replace 61-year-old Jeff Gennette as chief executive of Macy's in February of next year. ....

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Macy's CEO Gennette to Retire Next Year, Insider Spring to Succeed

Macy's CEO Gennette to Retire Next Year, Insider Spring to Succeed
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

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