1. Corporate Strategy

Macy’s CEO Jeff Gennette, who’s led the company’s turnaround effort, will retire next year

Written by Posted on Less than 0 min read

​  
​  [[“value”:”Macy’s said Bloomingdale’s CEO Tony Spring will succeed Jeff Gennette in February.”]] 

 

View Original Article
Member since
CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com
Do you like CNBC's articles? Follow on social!

More from CNBC

  1. Corporate Strategy

Return-to-office will boost demand for personal care products in the spring and summer, Edgewell CEO says

“We’re optimistic for the balance of the year,” Edgewell Personal Care CEO Rod Little told CNBC on Tuesday, as the company’s stock sold off post-earnings. View Original Article Dept. Nonfood Divestitures Executives Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and […]
< 1 min read
0
  1. Uncategorized

The American dollar store has fallen on hard times

The dollar store has been a shopping staple for many lower-income Americans, but lately it’s been a struggle. View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million […]
< 1 min read
0
  1. Trends & External Forces

Companies — profitable or not — make 2024 the year of cost cuts

The largest U.S. companies are cutting jobs and reducing expenses as Americans pull back after a period of aggressive inflation. View Original Article Economy Predictions and Forecasts CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
  1. Trends & External Forces

Not just shoplifting: Here’s why companies say retail theft is such a big deal

​[[“value”:”Shrink, retail theft and organized retail theft are often cited by retailers as a reason for lower profits, but the terms are distinctly different.”]]  View Original Article Legal & Criminal CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
  1. Department: Consumer Durables

Adidas renews deal with Major League Soccer

​   ​   [[“value”:”Adidas’ new deal with Major League Soccer will run through 2030.”]]  View Original Article Dept. Apparel Predictions and Forecasts CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million […]
< 1 min read
0
  1. Uncategorized

3 takeaways from Wednesday’s meeting: Stay diversified, watch these stocks, why we made a trim

The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET. View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all […]
< 1 min read
0
  1. Department: Nonfood

Why auto insurance rates are skyrocketing in the U.S.

The average annual premium for full coverage auto insurance in the U.S. rose 26% from 2023 to 2024, according to Bankrate. View Original Article Dept. Nonfood Predictions and Forecasts CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and […]
< 1 min read
0
  1. Department: HBC

Cannabis drinks pop up as companies bet on the growing market for legal marijuana

As the U.S. market for recreational marijuana expands, companies are betting people will want to drink their cannabis. View Original Article Editor's Choice Dept. Beverage Dept. HBC Legal & Criminal Cannabis Pop Ups CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time […]
< 1 min read
0
  1. Holiday & Events

Newly listed Birkenstock beats revenue expectations on higher pricing, U.S. demand

Birkenstock reported its holiday quarter results Thursday after it posted a record-breaking end to its last fiscal year. View Original Article Holiday & Events CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more […]
< 1 min read
0
  1. Department: Consumer Durables

Adidas will sell existing Yeezy items, donate some revenues

​[[“value”:”Adidas ended its partnership with Ye, formerly known as Kanye West, after he made a string of hateful and antisemitic remarks.”]]  View Original Article Dept. Apparel Partnerships Philanthropy CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
< 1 min read
0
  1. Channel: Restaurants

Olive Garden parent’s earnings miss estimates, company lowers fiscal 2022 outlook

Darden Restaurants, which owns Olive Garden, reported quarterly earnings and revenue that missed analysts’ expectations. View Original Article Results & Investment Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people […]
< 1 min read
0
  1. Trends & External Forces

Estee Lauder catches a couple Wall Street endorsements but we’re still skeptical

Estee Lauder’s upgrades mask lingering concerns. View Original Article Economy CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com Do you like CNBC's […]
< 1 min read
0
  1. Uncategorized

Jim Cramer talks next moves for Foot Locker after rotten quarter, stock drop

​[[“value”:”When starting a position in Foot Locker in March, we knew the company would not be fixed quickly. But we still believe it can be fixed.”]]  View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and […]
< 1 min read
0
  1. Holiday & Events

Holiday sales fall short of expectations, set stage for tougher 2023 for retailers

[[ Getty Images Holiday sales came in below industry expectations, as shoppers felt pinched by inflation and rising interest rates, according to data from the National Retail Federation. Sales during November and December grew 5.3% year over year to $936.3 billion, below the major trade group’s prediction for growth of between 6% and 8% over […]
2 min read
0
  1. Channel: Restaurants

Mediterranean restaurant chain Cava files for IPO as revenue climbs

​[[“value”:”The Mediterranean restaurant chain Cava plans to trade on the New York Stock Exchange using the ticker CAVA.”]]  View Original Article Restaurants Results & Investment Start Ups CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
  1. Uncategorized

Stocks making the biggest moves after hours: Nordstrom, Urban Outfitters & more

See which stocks are posting big moves after the bell. View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com Do […]
< 1 min read
0
  1. Trends & External Forces

FTC seeks to ban fake reviews with new proposed rule

​[[“value”:”In recent years, the FTC has fined or brought cases against companies believed to be suppressing honest reviews or soliciting fake reviews.”]]  View Original Article Government Legal & Criminal Marketing: UGC CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

UPS stock falls after delivery giant cuts revenue outlook

​UPS reported third quarter earnings and warned of persistent global economic uncertainty.  View Original Article Delivery Results & Investment Economy CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people […]
< 1 min read
0
  1. Channel: Mass

Walmart cuts price of Walmart+ for households that receive food stamps, other government aid

​Walmart is trying to grow its Walmart+ membership base and has noticed more price sensitivity among shoppers.  View Original Article Consumers Dept. Grocery Government Marketing: Loyalty & Subscription Shoppers Walmart CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
  1. Department: HBC

Oddity starts trading with a 35% debut pop — here’s what the beauty and tech company does

​[[“value”:”Oddity Tech, the beauty platform behind the Il Makiage and Spoiled Child brands, opened on the public markets with an approximate valuation of $2.7 billion.”]]  View Original Article Dept. HBC Technology & Innovation CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time […]
< 1 min read
0
Next