The report shows that couples are searching for vintage and antique rings, gold jewelry, pearls, and colorful pieces.
Macy’s CEO to Step Down Next Year
Terry Lundgren, who has led the retailer since 2003, will become executive chairman while Macy’s President Jeff Gennette takes over as CEO.
New York--Macy’s Inc. Chairman and CEO Terry Lundgren will step down in the first quarter of 2017 and be replaced by the retailer’s president, Jeff Gennette.
The retailer said the change in leadership is part of the board of directors’ succession plan that started with Gennette’s election as president in 2014, but it also comes at a time when Macy’s is struggling to compete.
The retailer reported a drop in total and same-store sales in its fourth quarter and fiscal year 2015 and the first quarter 2016 was its worst since the recession. It is also among the many brick-and-mortar retailers that have been forced to close stores and lay off workers.
After the first quarter, Lundgren, who has headed Macy’s for the last 13 years, will continue as executive chairman of the company. He will work side-by-side with Gennette, who will be president and CEO.
The 55-year-old Gennette is a graduate of Stanford University and started his retail career with Macy’s in 1983 as an executive trainee at what was then known as Macy’s West.
Over the years he’s moved up through the ranks, heading Macy’s Central in Atlanta, Macy’s Northwest in Seattle and Macy’s West in San Francisco. He became the retailer’s chief merchandising officer in February 2009 before being promoted to president of Macy’s Inc. in March 2014.
In a company statement, Lundgren called Gennette “an extraordinary leader who has distinguished himself as a skilled merchant and retail operator,” and noted that it is time for Macy’s to “reset our business model to thrive in a future that is being driven by rapid evolution in consumer preferences and shopping habits.”
“Our company must and will change in response to the profound secular forces that are driving consumer spending,” he said.
The Latest
He’s remembered as a “font of passion,” leaving behind a legacy of dedication to his craft and community.
The first one will take place next month during the Jewelers of Louisiana’s and Mississippi Jewelers Association’s conventions.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The redesigned boutique features interactive displays and a workshop space for hands-on learning about watchmaking.
There is a willingness to comply with new government-mandated regulations, with an insistence that they should be practical and realistic.
A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.
Ho Brothers offers scalable solutions for the future of custom jewelry.
The zone’s modernization will enhance and increase India’s jewelry manufacturing capabilities while aiding small and mid-sized businesses.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
The company plans to invest $25 million in marketing initiatives to boost awareness around its namesake and licensed brands.
Optimism about the current state of the economy was offset by anxiety around inflation and the political environment.
The former WJA executive director is MFM’s new managing director.
DDG encourages retailers to educate customers on the positive impact of purchasing natural diamonds.
Jen Cullen Williams and Duvall O’Steen explore how jewelers can save time and money by using AI to analyze engagement and create content.
The Florida store’s owner Miguel Gonzalez is retiring.
The lab stresses the importance of accurate identification, as the difference in price is “substantial.”
The brand also plans to expand its retail footprint from 138 to 200 stores over the next three years.
One is reserved for a NAJA member, the other for a non-member.
Longtime employees Carie Lehrke and Megan Mattice have received promotions.
Three guests joined National Jeweler and Jewelers of America to discuss trending time periods, spotting reproductions, and more.
Chris Clipper and Robert Lepere join the company with 50 years of combined experience.
The trendy, metallic earrings wink at classic spring colors.
JSA said a man and woman pulled the safe out of an Oakland jewelry store but couldn’t quite get it into their van.
The miner’s March auction generated $19 million.
Helen McCluskey will succeed H. Todd Stitzer when he meets his 12-year term limit in June.
“Chopard x Julia Roberts” showcases the first gems cut from the 6,000-carat-plus “Insofu Emerald."