Macy's Names A New Chief Merchant [Forbes]
Macy's Inc (M)
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Source: Forbes
Macy's Names A New Chief Merchant Macy’s, a company under sales and investor pressures over the past few years, has named a new Chief Merchandising Officer. Her name is Patti Ongman, and she succeeds Jeff Kantor, effective March 1. Ms. Ongman has been with Macy’s for 33 years. According to Reuters Ms. Ongman finds herself with a really big job, running merchandising for a really big company that is clearly in transition. While Macy’s is seeking to engage a younger customer, as evidenced by its acquisitions of Story and investment in B8ta, the realities of running such an enormous merchandising group seems to require experience uber alles. One of Ms. Ongman’s tasks is to re-invigorate Macy’s private label products. While some might say that Macy’s merchandising problem has existed since Jeff Gennette took over from Terry Lundgren as CEO in 2017, my own experience is that the problem has been brewing for far longer than that. Aspects of this problem are idiosyncratic to Macys, while o
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