The New York-based department store retailer announced on Monday that it has named Laura Miller as its new chief information officer and made a series of other senior leadership changes as part of its Polaris strategy.
With North American retailers implementing store closures to combat the spread of Covid-19 since the weekend, Tuesday’s announcements have come from the likes of Macy's, Ralph Lauren, AEO, Foot Locker and Tapestry.
The Cincinnati-based department store operator reported slight declines in same-store sales over the holiday period on Tuesday, and announced the upcoming closure of 28 Macy’s locations and one Bloomingdale’s store.
Macy’s raised its full-year profit forecast on Wednesday and reported better-than-expected quarterly and same-store sales, helped by strong international tourism, a new loyalty program and a greater product assortment.
The retailer reported sales struggles in the third quarter due to a slowdown of international customers. Lundgren, the company Chairman and CEO, shared plans to turn business around as early as this fall.