| Macy's Chief Will Step Down in '17, to Be Succeeded by Its President
The New York Times, June 24, 2016 Friday
Macy's longtime chief executive, Terry J. Lundgren, will step down next year, the company announced on Thursday, as the retailer grapples with sagging sales and broader changes in the ways people shop. Jeff Gennette, 55, who is the company's president, will take the top spot, while Mr. Lundgren will stay as executive chairman. ''I have been honored to lead this enterprise through a period of unprecedented reinvention,'' Mr. Lundgren said in a statement. ''While our company is larger,...