After the exit of Terry J. Lundgren, the American omnichannel retailer Macy’s, Inc. appointed Jeff Gennette as its CEO in 2017 and Chairman the next year. Macy’s CEO Jeff has spent nearly 35 years with the company starting his career here in 1983 as an Executive Trainee. He briefly worked for other companies, such as Broadway Stores, Inc. Under his aegis, the company is exploring partnership opportunities with brands to come up with pop-up shops inside the stores. He has revamped the look of the stores, making fashion the main highlight. He has also changed loyalty programs.
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Macy’s, Inc. is the parent company of Macy’s, Bloomingdale’s, and Bluemercury. The company was founded in 1929. It was previously called Federated Department Stores, Inc.
Macy’s Competitors
The Fortune 500 listed retailer, Macy’s some of the main rivals include:
Salary & Net Worth – Investors, Funding, & Valuation
Jeff, the CEO of American department store chain, earned 10.8 million USD as total salary in 2017. He reportedly took home 806 times more money compared to an average worker. His net worth will be discussed after a while.
The publicly listed company is estimated to have a valuation of 9.1 Billion USD in terms of market cap. Institutional ownership in the company is calculated to be around 89.64%. Leading investors include American International Group Inc., Bank of New York Mellon Corp, Vanguard Group, Inc., etc.
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Career & Education – Company, University, & College
Before he became CEO and Chairman of the company, Gennette was made the President of Macy’s, Inc. in 2014. In 2009, he was appointed on the position of Chief Merchandising Officer. From 2008 to 2009, he led Macy’s West as Chairman and CEO. From 2006 to 2008, he headed Macy’s Northwest as CEO and Chairman. Prior to that, he briefly worked for FAO Schwarz as Store Manager and Broadway Stores, Inc. as Director. Before that, he worked at Macy’s Central in Atlanta as EVP in 2004. His retail career started in 1983 with Macy’s. He joined Macy’s West in San Francisco as an Executive Trainee. From there, he went on to become VP and Division Merchandise Manager, SVP and General Merchandise Manager, etc.
Jeff Gennette has done his Bachelor’s degree in English from Stanford University.
Contact Jeff Gennette – Email Address | Twitter | LinkedIn
His email ID and other contact info will be updated shortly.
Macy’s Customer Care Number | Help & Support
You can give a call at the number 1-800-289-6229 for customer service support from the company around any question or concern. Or, you can follow company’s official Twitter handle @Macys and send direct message to them for any assistance.
Wiki Trivia on Jeff Gennette – Age, Family, Interests, & More
Macy’s CEO Jeff, age 57, comes from San Diego. He got campus replacement at Macy’s when he was doing Bachelor’s in English from Stanford. When he was asked what he can do with his English degree from Stanford, he said – make career as a retail executive. He is an expert in playing Scrabble. As an aside, he believes that people with higher emotional intelligence do well in retail field. Gennette lives in the New York City area with his family.
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