Macy’s Longtime CEO to Retire Next Year
Jeff Gennette will step down in February 2024, passing the torch to the CEO of another notable retailer.

Gennette said it has been “a privilege” to work with Macy’s for the last 40 years.
He was appointed CEO in 2017 but got his start at the retailer in 1983 as an executive trainee at a Macy’s store in San Francisco, as per his LinkedIn profile.
“I’m proud of the exceptional work of our colleagues to strengthen Macy’s by successfully executing our winning ‘Polaris’ strategy,” he said, referring to the company’s turnaround plan.
“We’ve done so during profound industry changes and economic challenges,” he added.
The company’s board chose from within to replace Gennette, appointing Tony Spring, an executive vice president at Macy’s and Bloomingdale’s chairman and chief executive officer, as CEO-elect.
Spring also was appointed to be president and a member of the board of directors.

Spring has been with the Bloomingdale’s brand, which is under the Macy’s umbrella, for 36 years and was at the helm last year when the brand reached its highest ever sales volume and record customer engagement.
He serves on several boards in and out of the retail world, including on the National Retail Federation’s executive committee and board.
“Having worked closely with Jeff throughout our transformation, I see tremendous opportunity to build upon the storied reputation of each of our nameplates. We are further strengthening relationships with our customers through compelling merchandise, partnering with the best brands, and delivering great shopping experiences,” said Spring.
In his role as president, for the time being, Spring will be responsible for Macy’s digital, customer, merchandising, and brand teams, while also overseeing Bloomingdale’s and cosmetics company bluemercury.
“[Spring] has delivered strong results at Bloomingdale’s and has been an ally and trusted partner in advancing Macy’s strategies,” said Gennette. “Tony consistently innovates for the customer, is an exceptional brand builder and an excellent talent developer who has strengthened our culture through his leadership.”
As part of the leadership change, Chief Financial Officer Adrian Mitchell will take on an additional role, also serving as chief operating officer.

In the combined role, he will oversee the stores, technology and supply chain teams, as well as his existing finance and real estate oversight.
Gennette said, “I’m delighted Adrian’s role has greatly expanded, leveraging his deep strategic expertise, commitment to omnichannel operational excellence and strong financial discipline.”
Mitchell has served as CFO since November 2020, playing an important role in the retailer’s Polaris transformation plan.
Prior to joining Macy’s, he was a managing director and partner in the digital and consumer practices division of Boston Consulting Group. He was also the CEO of furniture company Arhaus and held executive roles at Crate and Barrel.
“I am excited to take on this new role to ensure that we further strengthen the disciplines that are modernizing Macy’s,” he said.
Gennette said Spring and Mitchell are “an ideal team to build on our momentum and propel Macy’s into the future.”
The Latest

The National Retail Federation expects retail sales growth to return to pre-pandemic levels as consumers continue to face inflation.

The 4-carat, old mine brilliant-cut diamond engagement ring was co-designed by Willis and New York City-based brand Karina Noel.

Rio Tinto unearthed the diamond at its Diavik mine in Canada’s Northwest Territories.

Bench jewelers spend years honing their skills, Jewelers of America’s Certification validates their talents.

The multisensory experience, open April 8-13, will feature the brand’s silver creations among dream-like scenes of natural landscapes.


The virtual event will take place April 7 at 3 p.m.

The pieces in “Animali Tarallo” portray animals from stingrays to elephants through portraits and interpretations of their patterns.

Natural diamonds mean more than lab-grown, but when every cut is ideal, they all look the same. Customers want more—Facets of Fire delivers.

Ronald Winston, son of Harry Winston, donated the diamonds to the Smithsonian National Museum of Natural History in Washington, D.C.

The educational event will take place in Charlotte, North Carolina, this May.

The independent jeweler first opened its doors in 1888.

The debut event will take place in Miami’s Coconut Grove neighborhood this fall.

The roundtable will take place May 17 ahead of the trade show’s welcome dinner.

The “Peanuts x Monica Rich Kosann” collection features the comic strip’s classic vocabulary across 10 bracelet designs.

Three industry experts dive into the complexities of the material often marketed as an “ethical” alternative for metal in jewelry.

Diamonds are not only one of the most prominent gemstones, but the birthstone for those born in April.

The Utah-based company known for making wedding bands has acquired Doubloon Golf.

The longtime luxury executive led one of LVMH’s watch brands, TAG Heuer, for 12 years before taking over Bulgari in 2013.

Authorities said the robbers fled with jewelry and 70 Rolex watches, later taking pictures of themselves posing with big stacks of cash.

Lotus Gemology founder Richard W. Hughes has translated Heinrich Fischer’s 1880 book “Nephrit und Jadeit” from its original German.

The ring's design features contrasting lines influenced by work from architecture-inspired photographer Nikola Olic.

The Conference Board’s index fell as consumers continued to worry about the impact of tariffs, the labor market, and the price of eggs.

However, two medieval jewels surpassed estimates at Noonans Mayfair’s recent jewelry auction in London.

The Oscar-nominated actor debuted in the campaign for the new “Top Time B31” collection, which introduced Breitling’s Caliber B31.

The Congress is scheduled to take place May 19-22 in Brasilia, Brazil.

The family-owned retailer is the new owner of Morrison Smith Jewelers in Charlotte, North Carolina.

The “150 Art Deco” collection features a Miss America timepiece and a pocket watch from the brand’s Archive Series.