Macy's CEO change: Tony Spring takes over from Jeff Gennette to guide digital transformation.

On Monday, Tony Spring will officially become the new CEO of Macy's, succeeding Jeff Gennette. As Spring takes over, he faces the challenge of modernizing the department store chain for the digital era and attracting younger shoppers. This transformation has raised concerns among some investors, sparking a bid from a group led by Arkhouse Management and Brigade Capital Management to take the company private for $5.8 billion.

February 02, 2024
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