Macy's CEO Jeff Gennette Steps Aside: Bloomingdale's CEO Tony Spring Up Next

Jeff Gennette moves on.

A few thoughts from me on this:

  • Macy’s has gotten extremely lucky in that their CFO and Merchandising/Supply Chain team navigated inventory overstocks WAY better than many other retailers.

  • Jeff has been at this a long time.

  • The economy isn’t immediately getting better.

  • The best CEOs know when to go out on top. Macy’s is not this tremendous story, but it could be a lot worse.

Perhaps that is damning Jeff Gennette with faint praise…

Why is he waiting another year to do this is another question that comes to mind?