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Macy's appoints new president

Tuesday April 1st 2014

US department store Macy's has promoted chief merchandising officer Jeffrey Gennette to the position of president.

In his new role, Gennette will report to Macy’s chairman and chief executive Terry J Lundgren and will oversee Macy’s Private Brands organization while retaining day-to-day responsibility for Macy’s merchandising functions and oversight of marketing and the website.

Lundgren said: “Jeff Gennette is an outstanding merchant who has proven to be an insightful strategist and strong leader in our company. As our president, with the additional responsibility for Macy’s private brands, Gennette will have a total view of Macy’s merchandise assortment and marketing strategy – both in stores and online – consistent with our omni-channel vision. Our exclusive private brands, which have provided a powerful competitive advantage for Macy’s, will continue to play a vitally important role in delivering fashion, quality and value to our customers.”

Having worked as Macy’s chief merchandising officer since 2009, Gennette worked for a year as chairman and chief executive of Macy’s West and from 2005 to 2008 was chairman and chief executive of Macy's Northwest in Seattle. Prior to that, he was executive vice president and director of stores for Macy's Central in Atlanta and SVP/general merchandise manager at Macy's West.

Macy’s reported sales of $27.931 billion in the 2013 financial year. The company operates about 840 stores in 45 US states, the District of Columbia, Guam and Puerto Rico under the names of Macy’s and Bloomingdale’s, as well as the and websites.