Reported 12 days ago
Macy's CEO Tony Spring, who took charge in February, is implementing a 'Bold New Chapter' strategy to revitalize the nearly century-old department store amid dwindling sales and investor pressure. The plan involves closing underperforming stores and opening smaller locations to foster sustainable growth and enhance customer experience. Despite challenges from cautious consumers, Spring remains optimistic about Macy's extensive portfolio and its ability to attract customers.
Source: YAHOO