The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
NEW YORK, United States — Macy's Inc. chief executive officer Terry Lundgren, who has run the department-store chain for more than a decade, will pass the job to president Jeff Gennette in the first quarter of 2017.
Lundgren, 64, will remain executive chairman after the transition, the Cincinnati-based company said in a statement Thursday. Gennette, who was named president in 2014, also will be joining the board immediately. That brings the size of the body to 14 members.
Macy’s shares fell 1.1 percent to $32.44 at 9 a.m. in early trading in New York after the announcement. The stock had dropped 6.2 percent this year through Wednesday.
By Nick Turner.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.