Macy's sets 30% goal by 2025 for diversity at the senior director level or above [MarketWatch]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: MarketWatch
Macy's sets 30% goal by 2025 for diversity at the senior director level or above Macy's Inc. M, +3.05% unveiled a diversity and inclusion plan on Tuesday that includes a goal of 30% diversity at the senior director level or above by 2025. The department store retailer has created a yearlong program, MOSAIC, to strengthen leadership skills among managers and directors of African-American, Latinx, Native American and Asian descent. Macy's has also updated its customer bill of rights, says it will require 50% representation across the spectrum of age, gender, ethnicity and "differently-abled" subjects in its advertising by 2020, and achieve a spend of at least 5% by 2021 across a more diverse set of suppliers. Macy's released its latest sustainability report on Tuesday with goals for 2025 across environmental, social and governance issues. Macy's stock is up 2.5% in Tuesday trading, but down 58% over the last year. The S&P 500 index SPX, -0.64% has gained 3% over the past 12 months.
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