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Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Using your credit card rewards can save you money on travel, gifts, and the credit card bill. You can also earn rewards by strategically using your credit card to cover groceries, shopping, and travel. But your holidays don't have to be more expensive — if you use the right credit card rewards to make those purchases, you can save yourself some money. Here are three ways to use your credit card rewards for holiday shopping:1.

Persons: — Organizations: Service, National Retail Federation, National Retail

☆ What we're watching when off-price retailer TJX reports this week
▼ + stars: | 2023-11-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

When TJX Companies (TJX) reports quarterly results this week, we expect the off-price retailer to demonstrate continued momentum on both its top and bottom lines, helped by consumers looking for solid deals in an uncertain economic environment. And we're confident management can deliver a further expansion of gross margins as wary American consumers look for value at TJX's popular off-price chains. "Traffic remains the primary driver for comp in off-price," Barclays said in a recent research note previewing earnings for TJX and peers Ross Stores (ROSS) and Burlington Stores (BURL). Higher profits In addition to delivering higher sales, TJX continues to show improved profitability — a trend we expect to accelerate when the company reports on Wednesday. At the same time, according to Telsey, TJX faces headwinds from incremental store wage and payroll costs.

Persons: TJX, Ross, ROSS, Dana Telsey, Telsey, TJX's, Jim Cramer's, Jim Cramer, Jim, TJ Maxx, Prince George's, Chip Somodevilla Organizations: TJX, Marshalls, LSEG, Barclays, Burlington Stores, Telsey Advisory, CNBC, Shoppers, TJ, Getty Locations: Maxx, TJX, Telsey, Prince, Hyattsville , Maryland

REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsNov 13 (Reuters) - Tyson Foods (TSN.N) on Monday forecast revenue for its next fiscal year below Wall Street estimates after fourth-quarter sales missed expectations due to falling chicken and pork prices and slowing demand for its beef. Tyson is operating more efficiently, however, and demand for protein remains strong, CEO Donnie King told analysts on a call. Chief Financial Officer John R. Tyson said in an interview on Monday that it is "business as usual" in China. Tyson reported operating margins of 1.8% in its chicken business in the quarter ended Sept. 30, after losses during the previous two quarters. Adjusted profits were 37 cents per share versus analysts' expectations for 29 cents.

Persons: Arnd, Tyson, Donnie King, John R, Arun Sundaram, Granth, Tom Polansek, Shailesh Kuber, Jan Harvey, Chizu Nomiyama, Deepa Babington Organizations: Tyson Foods, REUTERS, Wall, Reuters, CFRA Research, Reuters Graphics Reuters, Thomson Locations: Davos, Switzerland, China, U.S, Bengaluru, Chicago

LSEG Workspace, a financial news and data platform, calculated inventory turnover ratios of 30 major U.S. retailers for Reuters. "I am relatively pessimistic about the holiday season," said Gerald Storch, retail consultant and former Target vice chairman and ex-CEO of Hudson's Bay. Department stores' holiday season is "likely not going to be that strong," said David Swartz, a Morningstar analyst. Reuters Graphics Reuters GraphicsTo be sure, inventory turnover is not the only metric Wall Street investors use to judge retailers' inventory levels. Some are already slashing prices and dangling discounts to clear excess inventory before Black Friday, the start of holiday shopping season.

Persons: King, King of Prussia, Sarah Silbiger, Gerald Storch, Jeff Bornino, David Swartz, Ulta, pare, Jason Benowitz, Joseph Feldman, Jane Hali, Nordstrom, Brian Mulberry, Savyata Mishra, Ananya Mariam Rajesh, Richa Naidu, Siddharth Cavale, Aishwarya Venugopal, Rod Nickel Organizations: REUTERS, Dollar, Walmart, Reuters, North America, Kroger, Department, Morningstar, TJX Companies, Dick's Sporting, Reuters Graphics Reuters, Roosevelt, Telsey Advisory, Research, Associates, Nordstrom, Zacks Investment Management, Thomson Locations: King of, King, King of Prussia , Pennsylvania, U.S, Hudson's, North

The world's biggest shopping event happens in China each year - and it's called Singles Day. WHEN DID THE IDEA OF SINGLES DAY ORIGINATE? The idea for Singles Day had originated at China's Nanjing University back in 1993 and was originally called "Bachelor's Day." Cyber Monday immediately follows Black Friday, which falls on the day after the U.S. Thanksgiving Day holiday, the busiest shopping day of the year in the United States. "The presale period of Tmall and particularly on -- in general, the Singles Day, confirms a softer trend versus a year ago," said Estee Lauder CEO Fabrizio Freda last week, adding that the company was more optimistic about the next part of the Singles Day events in November.

Persons: it's, Bain, Jacob Cooke, Pinduoduo, Cooke, Estee Lauder, Nike, JD.com, Fabrizio Freda, Nicolas Hieronimus, Hieronimus, Granth, Aditya Soni, Diane Craft Organizations: China's Nanjing University, Adobe Analytics, U.S, Reuters, Technologies, Cyber, HK, PDD Holdings, Adobe, Bain, HOPE, Nike, Procter & Gamble, Apple, L'Oreal, Thomson Locations: China, United States, Beijing, Greater China, Bengaluru

☆ Japan has become a gold mine for value investors
▼ + stars: | 2023-11-10 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

Having experienced a multi-decade decline after 1990, Japanese stocks have escaped the doldrums. Reuters GraphicsAnother shadow that has long lingered over corporate Japan is management teams which tended to neglect shareholders and prioritise the interests of other stakeholders. METI is also redefining the aim of Japanese companies, says Stephen Codrington, founder of the independent research firm Codrington Japan. Japan, whose regime was formerly unfriendly to equity investors, is moving in the opposite direction, says Drew Edwards, head of GMO Usonian Japan. Japan, as Codrington says, has become a gold mine for value investors.

Persons: Jeremy Siegel, “ Stocks, It's, Alex Kinmont, James Montier, METI, Stephen Codrington, Codrington, Toby Rodes, Edward McQuarrie, McQuarrie, Drew Edwards, there’s, Warren Buffett, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Investors, Credit Suisse Global Investment, Nikkei, U.S ., Local, Credit Suisse, Ministry, Economy, Trade, Industry, Electronics, Hitachi, Fujitsu, Investment, Toyota, Investment Fund, Tokyo Stock Exchange, Kaname, Takisawa Machine Tool, managements, Toyota Industries, Santa Clara University, U.S, Thomson Locations: Japan, U.S, Europe, Codrington Japan, United States

Nov 8 (Reuters) - Instacart (CART.O) on Wednesday forecast fourth-quarter core profit above Wall Street estimates in its first earnings report since going public in September, on higher transaction and advertisement fees, sending its shares up 4% after the bell. The grocery delivery firm, whose stock has lost more than a third of its value since debut, also announced a $500 million share repurchase program. It expects current-quarter adjusted EBITDA, a key measure of profitability, to be between $165 million and $175 million. Instacart's gross transaction value (GTV) - the value of products sold based on prices shown - rose 6% over the year earlier to $7.49 billion in the third quarter. For full year 2023, Instacart anticipates GTV to grow in mid-single digits, versus analysts' estimate of 4.7% growth at $30.18 billion.

Persons: Fidji Simo, Arun Sundaram, Instacart, DoorDash, Granth, Shilpi Majumdar Organizations: Wall, Reuters, CFRA, GTV, Thomson Locations: Bengaluru

☆ Signa founder Benko hands reins of property empire to Geiwitz
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

A view of the sign of Signa Holding on their headquarters in Vienna, Austria, November 6, 2023. Benko, an Austrian entrepreneur and a key figure in Europe's property market for two decades, is known for high-profile purchases including New York's iconic Chrysler Building and Britain's Selfridges. Some current and former investors - themselves titans of industry - have in recent days publicly lashed out at Benko, raising questions about his future role at Signa. What is important now is to restore trust, and I want to play my part in that," Benko said in the statement. Geiwitz is best known for his role in the insolvency proceedings of Germany's Galeria Kaufhof-Karstadt department stores and drug store chain Schlecker.

Persons: Leonhard Foeger, Rene Benko, Arndt Geiwitz, Fitch, Benko, Signa, Geiwitz, Germany's Galeria, Alexandra Schwarz, Tom Sims, Matthias Williams, Kirsti Knolle, Bernadette Baum Organizations: Signa, REUTERS, Rights, Chrysler, titans, Germany's, European Central Bank, Thomson Locations: Vienna, Austria, FRANKFURT, Germany, Austrian, Benko

☆ Charlie Munger reflects on one investment Warren Buffett passed up — Costco
▼ + stars: | 2023-11-04 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett and his longtime business partner Charlie Munger almost never butt heads, but there has been one rare area of disagreement between the two investment legends. Costco has grown from less than $5 a share in the early 1980s to more than $560 a share today. 'Shoot me first' As Munger's obsession over Costco grew stronger over the years, Buffett learned to make lighthearted jokes about it. "Charlie said, 'I would like to give, once more, my speech on the virtues of Costco — with illustrations.' I kind of used them up between Costco and Apple," Buffett once said.

Persons: Warren Buffett, Charlie Munger, Munger, —, Buffett, James Sinegal's, Berkshire Hathaway, didn't, Warren wouldn't, Warren doesn't, Sears Roebuck, It's, Buffett's, he's, Charlie Organizations: Costco Wholesale Corp, Oracle, Price Club, Costco, Berkshire, BNSF, Apple Locations: Omaha, America, Berkshire

☆ 34-year-old makes $100,000 a year designing shoes—without a bachelor’s degree
▼ + stars: | 2023-11-02 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

This story is part of CNBC Make It's Ditching the Degree series, where women who have built six-figure careers without a bachelor's degree reveal the secrets of their success. The Brooklyn native knew she wanted to work in fashion from the time she was old enough to speak. In 2007, just a few weeks after Fortune graduated high school, she enrolled in the Art Institute of New York City's associate's degree program as a fashion design major. Now, Fortune is a head footwear designer at Eastman Footwear Group, where she designs shoes for popular brands like Tretorn, Eddie Bauer and Nicole Miller. She started her first job at Eastman in April 2012, and within a year, transitioned to the footwear design team.

Persons: Krystal Fortune, Fortune, Eddie Bauer, Nicole Miller, Tommy Hilfiger, Krystal Fortune Fortune, it'd, Fortune didn't, Eastman, weren't Organizations: CNBC, Brooklyn, Saks, Art Institute of New, Eastman Footwear Group, Craigslist, New York, Art Institute, Eastman Footwear, Eastman Locations: Art Institute of New York, German, New, New York, Skechers

☆ Amazon to close apparel stores in latest physical retail strategy shift
▼ + stars: | 2023-11-02 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

At 30,000 square feet, Amazon Style is smaller than traditional department stores, but offers "more than double the number of styles," according to a press release. Amazon is shuttering its brick-and-mortar apparel stores almost a year and a half after opening the first location, the company confirmed, marking the latest shift in its physical retail strategy. The company said it will close its two Amazon Style stores in Columbus, Ohio, and Glendale, California, by Nov. 9. "Physical retail remains an important part of our business, and we're continuing to invest in growing our grocery stores business, which spans Amazon Fresh, Whole Foods Market, Amazon Go, and third-party partnerships." It represented the company's first foray into hawking clothes, shoes and accessories in the offline world, and its latest attempt at cracking physical retail.

Persons: we've, Kristen Kish, Kish Organizations: Foods, Amazon, Walmart Locations: Columbus , Ohio, Glendale , California, Glendale, Chicago

DoorDash had in August projected adjusted EBITDA of between $750 million and $1.05 billion. The company expects fourth-quarter adjusted EBITDA, a key measure of profitability, of between $320 million and $380 million, compared with analysts' estimates of $253.3 million. In the third quarter, total orders rose 24% to 543 million from a year earlier. Revenue rose 27% to $2.16 billion, compared with analysts' expectations of $2.09 billion, according to LSEG data. Net loss narrowed to $73 million, or 19 cents per share, in the third quarter, compared with $295 million, or 77 cents per share, a year earlier.

Persons: Dado Ruvic, Ravi Inukonda, DoorDash, Rachel Wolff, Granth, Anil D'Silva Organizations: REUTERS, ALDI, Reuters, Revenue, Thomson Locations: Japan, U.S, Bengaluru

☆ New York Has Regained Its Lost Jobs. Why Doesn’t It Feel That Way?
▼ + stars: | 2023-10-24 | by ( Stefanos Chen | More About Stefanos Chen | ) www.nytimes.com time to read: +1 min

New York’s job recovery has lagged behind other cities in part because the virus struck the city sooner, and vital industries, like hospitality and retail, remained closed longer and lost more jobs. The positions, mostly in clothing and department stores, paid an average of about $62,000 a year. In the same period, about 66,200 home health aid jobs were added, the most in any industry. Another 34,000 jobs were added in social services positions, which paid an average of $38,000. The third-fastest growing industry was management consulting, which paid an average $198,000, but only added 14,000 jobs to the economy, Dr. Parrott said.

Persons: haven’t, ”, Aaron Judge, “, Jobs, Parrott Organizations: Yankees, State Department of Labor Locations: New Yorker

☆ European regulator approves Farfetch deal for YNAP, Richemont says
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] A banner to celebrate the IPO of online fashion house Farfetch is displayed on the facade of the of the New York Stock Exchange (NYSE) in New York, U.S., September 21, 2018. Completion of the deal remains subject to "certain other conditions that Richemont and Farfetch are working towards fulfilling", Richemont said, promising a further update "in due course", without providing further detail. Under the terms of the deal unveiled in August 2022, Richemont would sell a stake of 47.5% in loss-making YNAP in exchange for more than 50 million Farfetch shares, and Farfetch could acquire the rest of YNAP through a put and call option arrangement. Bernstein analysts said last week that Farfetch's troubles raised questions for Richemont, which is set to transfer its online business to technology run by Farfetch and provide a $450 million credit facility. Reporting by John Revill and Mimosa Spencer; editing by Friederike Heine, Clarence Fernandez and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Porter, Cartier, Richemont, Farfetch, Bernstein, Bergdorf Goodman, John Revill, Mimosa Spencer, Friederike Heine, Clarence Fernandez, Jason Neely Organizations: New York Stock Exchange, REUTERS, Rights, Yoox, Farfetch, Citi, Thomson Locations: New York, U.S, Richemont, YNAP, Farfetch, Harrods

U.S. Bankruptcy Judge David R. Jones resigned from the Southern District of Texas bench on Sunday. Photo: reuters tv/ReutersJudge David R. Jones became the nation’s leading bankruptcy judge by making his court an attractive place for troubled businesses to face their creditors. His sudden departure over a previously undisclosed romantic relationship taints that legacy. Jones turned his Houston courtroom into the top landing spot for big bankruptcies over the past decade by appealing to corporate management teams and their high-priced advisers. He handled more major corporate bankruptcies than any other judge in recent years, including department stores JCPenney and Neiman Marcus and oil-and-gas driller Chesapeake Energy .

Persons: David R, Jones, Neiman Marcus Organizations: Southern, Southern District of, reuters, Reuters, JCPenney, Chesapeake Energy Locations: Southern District, Southern District of Texas, Houston

☆ Levi Strauss cuts full-year sales forecast again, as inflation takes a toll
▼ + stars: | 2023-10-05 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

It said it anticipates adjusted earnings per share to be on the low-end of the previously shared range of $1.10 to $1.20. Those retailers, which buy wholesale items from Levi to carry on their stores and websites, have seen weaker discretionary sales. For Levi, direct sales and international sales have been the stronger parts of its business. Like Nike , Levi has tried to control its own destiny by driving more of its overall sales through its own stores and website. Along with driving more direct sales, Levi is looking to expand in international markets.

Persons: LEVI, Sean Gallup, Levi Strauss, Chip Bergh, Harmit Singh, Levi —, Levi, Bergh, Denizen, Michelle Gass, Chip Bergh Levi Strauss Organizations: Getty, U.S, CNBC, LSEG, Walmart, Target, Nike Locations: U.S, Target, Asia, America, North America, Europe, Mexico, India, Macy's

☆ UK retailers demand government action on rising crime
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsLONDON, Oct 1 (Reuters) - Some 88 UK retail leaders, including the bosses of Tesco (TSCO.L), Sainsbury's (SBRY.L) and Marks & Spencer (MKS.L), have signed a letter to interior minister Suella Braverman, demanding action over rising rates of retail crime. Rising crime is increasingly becoming a political issue in Britain ahead of an expected national election in 2024. It also put the scale of retail theft at 953 million pounds ($1.2 billion), despite over 700 million pounds in crime prevention spending by retailers. This would require police forces to record all incidents of retail crime. The industry also wants greater prioritisation of retail crime by police forces across the UK.

Persons: Peter Nicholls, Spencer, Suella Braverman, “, Helen Dickinson, John Lewis, James Davey, Alison Williams Organizations: REUTERS, Tesco, Industry, British Retail Consortium, Conservative, John, John Lewis Partnership, Waitrose, Aldi, Thomson Locations: Weybridge, Britain, Manchester

☆ Toys 'R' US to open stores across US, including airports and cruise ships
▼ + stars: | 2023-09-29 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Toys “R” Us stores are making another comeback — this time it’s at airports and cruise ships. WHP Global, the toy store’s parent company, announced an expansion of up to 24 flagship stores, as well as opening stores at airports and cruise ships. The stores for the cruise industry will sell cruise-themed merchandise, though Toys “R” Us did not specify on which cruise lines or where the stores will open. The 24 flagship locations will join the 452 Toys “R” Us shops that are currently open in Macy’s stores across the country. In 2021, WHP Global acquired Toys “R” Us from Tru Kids Inc., which bought the failed brand in a 2018 liquidation sale.

Persons: WHP Global, ”, Yehuda Shmidman Organizations: New, New York CNN, Dallas Fort Worth International, Duty, WHP, Go, WHP Global, Tru Kids Inc, Tru, Covid Locations: New York, New Jersey, Texas

☆ Delinquencies and late fee regulation are fueling retail credit risk: BofA's Lorraine Hutchinson
▼ + stars: | 2023-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDelinquencies and late fee regulation are fueling retail credit risk: BofA's Lorraine HutchinsonLorraine Hutchinson, retail analyst at BofA Securities, joins 'The Exchange' to discuss the lack of regulatory clarity on retailer late fees, rising consumer credit delinquencies, and a shift in consumer habits adding downward pressure to department stores.

Persons: BofA's Lorraine Hutchinson Lorraine Hutchinson Organizations: BofA Securities

☆ Consumers are still spending on nice things, if they’re on trend
▼ + stars: | 2023-09-25 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +8 min

But they’re also rewarding the stores that are betting big on the right trends at the right time, for the right price. Mejuri: The Toronto-based jewelry retailer has intentionally positioned itself as a go-to destination for Millennials and GenZers for affordable fine jewelry. “When we founded the business, we wanted to redefine luxury and bring it a new experience within the fine jewelry industry,” said Masad. We just wanted to make fine jewelry part of everyday wear. We saw no reason for why there should be a barrier between fine jewelry and our customer.”He said Mejuri hasn’t wavered from that goal.

Persons: aren’t, they’re, ”, Jharonne Martis, —, Neil Saunders, Marshal Cohen, ” Abercrombie, Andrew Kelly, Saunders, Abercrombie, Fran Horowitz, Lulu, Circana’s Cohen, Noura Sakkijha, Majed Masad, Zach Hilty, Mejuri hasn’t, “ There’s, It’s, TJ, TJ Maxx, TJ Maxx's, David L, Ryan, Aaron Sorensen Organizations: New, New York CNN, Abercrombie, Fitch, “, CNN Business, TJ Maxx, TJ, Boston Globe, Lotis, Consulting Locations: New York, Toronto

☆ Our takes on new Wall Street research analyzing 4 Club consumer stocks
▼ + stars: | 2023-09-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

There was lots of consumer stock research from Wall Street on Friday, including reports on Club names Costco (COST), Procter & Gamble (PG), beer maker Constellation Brands (STZ) and off-price retailer TJX Companies (TJX). HSBC also said Costco's premium stock multiple is worth it given management's strong execution, sustainable competitive advantages, and growth outlook. The analysts said that P & G has built "one of the strongest set of capabilities in the consumer staples sector." You will not see us trade Costco. TJX YTD mountain TJX Companies YTD In a note Friday, UBS sees department stores still losing share to off-price retailers in both sales and earnings before interest and taxes (EBIT) dollars over the next 10 years and beyond.

Persons: We're, Goldman Sachs, Goldman, Bill Newlands, Jim, TJX, It's, Jim Cramer's, Jim Cramer Organizations: Wall, Costco, Procter, Gamble, Constellation Brands, TJX Companies, HSBC, Coresight Research, Gamble YTD HSBC, Constellation, Modelo, Corona, Constellatio Brands, Elliott Management, UBS, Marshalls, Burlington, Ross Stores, CNBC, Corbis, Getty, & & $ Locations: U.S, Mexican, Maxx, Teterboro , New Jersey

Prime Minister Justin Trudeau said on Thursday he had invited the heads of Canada's five largest grocery chains, including Sobeys (EMPa.TO), Metro (MRU.TO) and Loblaw (L.TO), to Ottawa next week to discuss how they planned to control sky-rocketing food prices. Trudeau's move comes when governments across the globe, especially in Europe, have expressed concern over soaring food prices as they seek to address a cost-of-living crisis that has intensified after the pandemic subsided and since the Russia-Ukraine war began. However, after a similar move from the French government in June, analysts were skeptical about Trudeau's warning. They argued it was a "political" tactic and might be ineffective in lowering lingering food inflation. "Both PM Justin Trudeau and François-Philippe Champagne (Canada's industry minister) spoke tough about this topic and it is difficult to envision what teeth they have to hold grocers accountable," said Ben Jang, portfolio manager at Nikola Wealth.

Persons: Justin Trudeau, Trudeau's, François, Philippe Champagne, Ben Jang, Michael Ashley Schulman, Allan Small, Granth Vanaik, Pooja Desai Organizations: Metro, Loblaw, Nikola Wealth, Running, Capital Advisors, iA, Wealth, Carrefour, Lipton, Nestle, PepsiCo, Unilever, Thomson Locations: Ottawa, Europe, Russia, Ukraine, Bengaluru

☆ Higher gasoline prices lift US retail sales, trend slowing
▼ + stars: | 2023-09-14 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

Retail sales rose 0.6% last month. Higher gasoline prices boosted producer prices in August, other data from the Labor Department showed on Thursday. Excluding gasoline stations, retail sales rose 0.2% last month. Sales at food services and drinking places, the only services category in the retail sales report, rose 0.3% after increasing 0.8% in July. Excluding automobiles, gasoline, building materials and food services, retail sales edged up 0.1% in August.

Persons: Mike Blake, Christopher Rupkey, Goldman Sachs, Nancy Vanden Houten, Lucia Mutikani, Chizu Organizations: REUTERS, Commerce Department, Federal Reserve, Reuters, U.S . Energy Information Administration, Labor Department, Treasury, delinquencies, New York Federal Reserve, Gross, Oxford Economics, Thomson Locations: Carlsbad , California, U.S, WASHINGTON, New York

☆ Macy's-owned Bloomingdale's taps international exec Olivier Bron as its next CEO
▼ + stars: | 2023-09-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

Shoppers walk past a Bloomingdale's store in the SoHo neighborhood of New York, US, on Wednesday, Dec. 28, 2022. With the move, the legacy retailer is adding an outside perspective and a dash of global flair to the higher-end department store. Bron, 46, is a French national who was most recently CEO of Central and Robinson department stores in Thailand. A 36-year veteran of Bloomingdale's, Spring became CEO-elect of the parent company Macy's in March. Macy's said Tuesday that it has tapped international retail executive Olivier Bron as the next CEO of its upscale department store, Bloomingdale's.

Persons: Bron, Tony Spring, Spring, Jeff Gennette, Macy's, Olivier Bron, Michael Gould, Beverly, Bloomingdale's, Nordstrom Organizations: Bain & Company, Central, Robinson, Bloomingdale's, Macy's, Beverly Hills Locations: SoHo, New York, Lafayette, Paris, Bron, French, Thailand, Dubai, Kuwait, Manhattan, New York City, Seattle, Macy's

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