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Macy's, Inc.

Department Store RetailFounded 1858
Reviewed by Swet Parvadiya
Company data updated: October 2026

Leadership History

Macy's: CEO History

3 leaders · 2003 to present

Who is the CEO of Macy's?

Tony Spring is the CEO of Macy's, in the role since 2024. The first chief executive was Terry Lundgren, from 2003.

Current CEO
Tony Spring (since 2024)
First CEO
Terry Lundgren (2003)
Leaders documented
4
Founded
1858
NameRoleFromToYears in role
Tony SpringChairman and Chief Executive Officer2024Present2
Jeff GennetteChairman and Chief Executive Officer201720247
Terry LundgrenChairman, President and Chief Executive Officer2003201714
Who was CEO of Macy's before Tony Spring?
Jeff Gennette was CEO of Macy's from 2017 to 2024, before Tony Spring took over in 2024.

Company Overview

Macy's, Inc. is the largest U.S. department store operator by sales, headquartered at Herald Square in New York City. It runs Macy's, the mid-market department store chain; Bloomingdale's, its upscale fashion banner; and Bluemercury, a prestige beauty and spa chain. The company sponsors the Macy's Thanksgiving Day Parade (since 1924) and the Macy's 4th of July Fireworks. Its main challenge is that many Macy's stores anchor enclosed malls where traffic has fallen, while off-price chains and online retailers compete for the same shoppers. The company is headquartered in New York City, New York.

Macy's is an omnichannel retailer that buys national brands (and develops private brands such as INC International Concepts, Charter Club and Hotel Collection) and sells them through stores and digital sites under three nameplates: Macy's, Bloomingdale's and Bluemercury. Merchandise net sales were $21.764B in FY2025. The remaining $857M of FY2025 revenue was 'other revenue', chiefly credit-card income from its partnership with Citi plus Macy's Media Network retail advertising. In Q2 2026, other revenue was $193M, including $156M of credit-card net revenue and $37M from Macy's Media Network.

Tony Spring

Chairman and Chief Executive Officer

2024 – Present

2 years (current)

Key Decisions & Impact

Launched A Bold New Chapter in February 2024, including the closure of about 150 underperforming stores, investment in the Reimagine 200 go-forward stores, and expansion of Bloomingdale's and Bluemercury. Oversaw the board's rejection of the Arkhouse and Brigade buyout proposal in July 2024.

Legacy

Under Spring, Macy's returned to positive annual comparable sales in FY2025 and posted five straight quarters of comp growth through Q2 2026. He joined Bloomingdale's in 1987 and was its CEO from 2014 until becoming Macy's CEO.

Source →

Jeff Gennette

Chairman and Chief Executive Officer

2017 – 2024

7 years

Key Decisions & Impact

Gennette launched the 'Polaris' turnaround strategy, rapidly closing underperforming mall stores and pushing aggressive digital and omnichannel integration.

Legacy

He successfully navigated the pandemic closures and drove massive e-commerce growth, though he struggled to permanently reverse the structural decline of legacy department stores.

Source →

Terry Lundgren

Chairman, President and Chief Executive Officer

2003 – 2017

14 years

Key Decisions & Impact

Lundgren executed the massive $11 billion acquisition of May Department Stores in 2005, effectively consolidating the US department store industry under the Macy's banner.

Legacy

Over 14 years as CEO, he built Macy's into a national retail juggernaut, successfully integrating hundreds of regional brands into a single cohesive national footprint.

Source →

Other senior executives

These officers report to the chief executive and are not part of the CEO timeline above.

  • Tom Edwards, Chief Operating Officer and Chief Financial Officer (2024 – present)Edwards led the complex restructuring of Macy's supply chain and financial operations during the COVID-19 pandemic to preserve liquidity.Source →

Challenges & Strategic Context

Macy's faces declining mall traffic, off-price competition, e-commerce pressure, promotional intensity, inventory markdown risk, store closure disruption, aging customer perception, and the challenge of funding growth banners while shrinking weak full-line stores.

Macy's CEO and Leadership FAQ

Who have been the key Chief Executive Officers in Macy's history?

Key leaders include Rowland Hussey Macy (1858 to 1877), Isidor and Nathan Straus (1888 to 1912), Terry Lundgren (2003 to 2017), Jeff Gennette (2017 to 2024), and current Chairman and CEO Tony Spring (2024, present).

What was Terry Lundgren's historic transformation of Federated Department Stores into Macy's?

Terry Lundgren led Federated Department Stores from 2003 to 2017, executing the landmark $11 billion acquisition of May Department Stores in 2005 and rebranding hundreds of regional department stores (Marshall Field's, Kaufmann's, Filene's) into a unified nationwide Macy's brand in 2006.

What major initiatives were executed under CEO Jeff Gennette (2017 to 2024)?

Jeff Gennette led the 2020 Polaris strategy, grew digital sales, launched Macy's Media Network and the Toys"R"Us shop-in-shop partnership, and steered Macy's through the COVID-19 store closures before retiring in early 2024.

What background did Tony Spring bring when appointed CEO in 2024?

Tony Spring joined Bloomingdale's in 1987 and was its Chairman and CEO from 2014 until he succeeded Jeff Gennette as Macy's, Inc. CEO in February 2024.

Who were Isidor and Nathan Straus and what was their legacy at Macy's?

Brothers Isidor and Nathan Straus acquired full ownership of R.H. Macy & Co. in 1896, moving the flagship to Herald Square in 1902. Isidor and his wife Ida tragically died on the RMS Titanic in 1912, refusing to be separated, and are honored with a memorial plaque inside the Herald Square store.

Who is the Chief Financial Officer of Macy's, Inc.?

Tom Edwards serves as Chief Operating Officer and Chief Financial Officer of Macy's, Inc.

How has leadership structured executive compensation at Macy's?

Executive compensation is heavily aligned with shareholder value through performance-based restricted stock units (PRSUs) tied to comparable store sales growth, return on invested capital (ROIC), and relative total shareholder return (TSR).

Who is the CEO of Macy's?

Tony Spring serves as CEO, officially taking over in 2024 from Jeff Gennette. Spring previously ran Bloomingdale's (which Macy's owns). His absolute primary mandate is survival. He is executing a highly aggressive turnaround plan: brutally closing 150 underperforming Macy's stores while massively expanding their highly profitable luxury divisions (Bloomingdale's and Bluemercury) to fend off a massive, hostile $5.8 billion takeover bid by private equity.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.