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Tag: gennette

Macy’s CEO Jeff Gennette says weak malls ‘continue to decline rapidly’

A Macy’s store at CityPlace in West Palm Beach, Florida. Getty Images Macy’s is getting out of America’s weakest shopping malls. “We see a bifurcation of malls,” Macy’s CEO Jeff Gennette told investors Wednesday during a meeting at the New York Stock Exchange. “The lower-tier malls continue to decline rapidly.” The meeting came a day …

Macy’s CEO Jeff Gennette says weak malls ‘continue to decline rapidly’Read More