retail news in context, analysis with attitude

• Macy's said yesterday that Jeffrey Gennette, the company's chief merchandising officer, has been promoted to the role of president. Terry J. Lundgren, who has held four titles at the retailer including "president," remains as chairman/CEO/chief customer officer.

While the move is seen as being a signal about succession plans at Macy's, Lundgren tells the New York Times that he has no intention of retiring anytime soon.
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