Macy’s CEO, office retail outlet veteran, fights the Amazon potential
The entrances at Macy’s are decorated with Christmas decorations on December 04, 2020 in New York Metropolis.
Roy Rochlin | Getty Images Entertainment | Getty Visuals
As Macy’s prepares to launch its third quarter earnings on Nov. 18 in advance of retail’s most important season, the most pressing in the litany of investor thoughts will be: Has Macy’s capacity to construct a dot-com organization inside of a legacy brick-and-mortar basis achieved its limit?
Macy’s, which has said its digital profits will hit $10 billion in 2023, up from $7.6 billion in 2020, will probable say no. But provided that Macy’s dotcom profits have been outpacing same-keep revenues for several years — and that the company operates 788 outlets across its portfolio — begs yet another dilemma: Is Macy’s present-day administration group, led by the “quintessential department store executive,” as one retail trader a short while ago characterized Macy’s CEO Jeff
