Macy’s e-commerce unit could fetch a handsome valuation as a standalone, and poorly performing Grubhub is dragging down JET's stock price.
From Ford to Cisco, Macy’s to Moderna many companies saw changes at the CFO position last year.
Macy’s, Libra Networks, Squarespace, Urban Outfitters, Superdry, Wrightspeed, TPN, Harmony Senior Services, Realty Income, BMC
The deal includes the retailer using the company’s installment payment plan as an option at online checkout.
Digital sales increased 53% year-over-year, which helped offset the loss of sales at stores due to coronavirus closures.
The company said its reopened stores are outperforming.
Republic Services, Macy’s, CBS News, Organon, Scientific Games, FabFitFun, OODA Health, Lief Labs, Diamond Estates Wines & Spirits, Axiom
Price’s departure comes amid a massive retail shutdown that forced the company to close stores, furlough employees, and temporarily cut executive pay.
Innovative store concepts are buying some time, but brands like Macy’s and J.C. Penney need a lot more to reverse the falloff in sales.
The closings are part of the retailer’s turnaround strategy that aims to find $1.5 billion in annual cost savings by the end of 2022.
“The mall is getting more toxic," one analyst warns. "Mall traffic will likely continue to wane over the years ahead.”
The success or failure of these 20 CFOs will decide their companies’ futures in a time of economic uncertainty and technological disruption.
