Flash Report 2 minutesRegister for Free AccessMacy’s Names New President, Announces Restructuring Coresight Research August 22, 2017 Executive Summary On August 21 after the market close, Macy’s announced the appointment of Hal Lawton as President, effective September 8. Lawton will be responsible for the Macy’s brand, including merchandising, marketing, stores, operations, technology, and consumer insights and analytics. Lawton was previously SVP of eBay North America. He will report to CEO Jeff Gennette. Separately, the company announced a restructuring of its merchandising operations to consolidate three functions—merchandising, planning and private brands—into a single merchandising function, led by Jeff Kantor. The restructuring is expected to save $30 million on an annual basis, including $5 million, or $0.01 per share, in the fourth quarter, which is additive to guidance announced on August 10 of adjusted EPS of $3.37–$3.62. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: US CPG—Consumer Health: Understanding a Category Marked by Spin-OffsSummer Break Boosts Screen Time: China Consumer TrackerRetail Shrink and ORC: Cart-Based Loss Is on the Rise; New Tech Solutions Seek To Address Retail TheftHong Kong Web3 Festival: Generative AI, Standardization and Hong Kong’s Ambition To Fuel Web3 Development