|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||19.32 - 19.69|
|52 Week Range||19.32 - 45.41|
|PE Ratio (TTM)||10.53|
|Dividend & Yield||1.51 (7.75%)|
|1y Target Est||N/A|
Macy’s poached a senior eBay executive and streamlined its top management in an effort to speed up decision-making at the struggling department-store chain.
Retailers are scrambling to boost business with deeper, actionable insight into key metrics like inventory levels and consumer buying patterns via data analytics.
Cincinnati-based retail giant Macy's Inc. named an eBay executive as its new president late Monday, alongside announcing a restructuring resulting in 100 layoffs. Macy's (NYSE: M) named Hal Lawton, formerly senior vice president of eBay North America, as its president, responsible for all aspects of the Macy's brand. Macy's also announced that it is overhauling its merchandising operations, consolidating three functions – merchandising, planning and private brands – into one, headed by Chief Stores Officer Jeff Kantor, a 35-year veteran of the retailer.