Macy’s CFO Paula Price to Step Down
Price’s departure comes amid a massive retail shutdown that forced the company to close stores, furlough employees, and temporarily cut executive pay.
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Macy’s Shares Fall 13% on Big Earnings Miss
Same-store sales improved in the second quarter but profit was hit by heavy markdowns to clear unsold merchandise.
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Macy’s Names Paula Price New CFO
A lecturer at Harvard since 2014, Price was previously finance chief of grocery retailer Ahold USA. She also serves on three corporate boards.