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|Hal Lawton Named President of Macy’s|
Company also announces actions to balance the ‘art and science’ of retail through changes to merchandising structure and strengthened consumer insights and data analytics
Hal Lawton Named President of Macy’s
“Hal Lawton has deep expertise at the intersection of retail and technology, a diverse set of business experiences that give him a unique perspective, and a track record of successfully driving a change agenda at scale. I’m thrilled that he has chosen to join Macy’s,” said Mr. Gennette. “This is a key step as we look to further transform the business and work through the volatility of today’s retail landscape. Macy’s already has one of the strongest omnichannel businesses in the industry, and with Hal on the team, we will accelerate the integration of digital both online and in our stores to deliver the world-class experience our customers demand.”
“At a time when there is both dramatic change and great potential in retail, I’m excited to be part of the team that will shape the future of the Macy’s brand and, along with it, consumer expectations of what a great omnichannel experience can be,” said Lawton. “I look forward to working with Jeff, the management team and Macy’s associates across the country. It’s great to play a part in the transformation of this iconic company.”
As SVP of eBay
Improvements to Merchandising, Strengthened Consumer Insights and Data Analytics Capabilities
The company also announced the restructuring of its merchandising operations and the strengthening of its consumer insights and data analytics capabilities.
The restructuring includes the consolidation of three functions –
merchandising, planning and private brands – into a single Merchandising
function to be led by
“Macy’s best merchants will be in the right structure to operate at the speed of our customer and will be fueled by the power of data,” said Gennette. “Macy’s has long been known for innovation and excellence in merchandising. The changes we are making today maintain our core merchandising skills while massively simplifying our structure and processes for greater speed and flexibility. We are also further strengthening our consumer insights and data analytics capabilities so we can make better decisions faster, balancing the art and science of retail.”
“Exclusivity is a great customer loyalty tool, and we plan to grow that
offering to 40 percent of our business. Having a single lens for each
family-of-business will allow us to expedite our strategy of delivering
this edited, elevated and exclusive assortment to our best customers. To
achieve this, we will aggressively grow our private brands while also
offering the best national brands,” continued Gennette. “I’ve asked
Mr. Kantor is a 35-year Macy’s veteran, with extensive experience in merchandising and stores. He also successfully oversaw macys.com. Currently, Mr. Kantor serves as chief stores and human resources officer. Mr. Kantor will report to Mr. Lawton.
While the primary objective of this restructuring is growth, the company
anticipates it will save approximately
The company anticipates one-time costs of approximately
The company expects that these actions will result in a headcount reduction of approximately 100.
Lawton serves on the board of
About Macy’s, Inc.
Macy’s, Inc. is one of the nation’s premier retailers. With fiscal 2016
All statements in this press release that are not statements of
historical fact are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements are
based upon the current beliefs and expectations of Macy’s management and
are subject to significant risks and uncertainties. Actual results could
differ materially from those expressed in or implied by the
forward-looking statements contained in this release because of a
variety of factors, including conditions to, or changes in the timing
of, proposed real estate and other transactions, prevailing interest
rates and non-recurring charges, store closings, competitive pressures
from specialty stores, general merchandise stores, off-price and
discount stores, manufacturers’ outlets, the Internet, mail-order
catalogs and television shopping and general consumer spending levels,
including the impact of the availability and level of consumer debt, the
effect of weather and other factors identified in documents filed by the
company with the
NOTE: Additional information on Macy’s, Inc., including past news releases, is available at www.macysinc.com/pressroom.
Source: Macy’s, Inc.