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Spring To Succeed Gould As Bloomingdale's CEO

Wednesday October 30th, 2013 - 2:07PM

Macy’s, Inc. has announced that Tony Spring, currently Bloomingdale’s president and chief operating officer, will succeed the retailer’s current chairman and CEO, Michael Gould, effective February 1, 2014. Gould has been at Bloomingdale’s helm for 22 years.

“Leading this great brand and organization to a new level of success over two decades has been a great privilege. I feel that now is the appropriate time for a change for both the company and myself,” Gould said.

Gould, 70, joined Bloomingdale’s as chairman and chief executive officer in 1991. Previously, he was president and chief executive officer of Giorgio Beverly Hills, a position he had held since 1987. Gould began his retailing career at the Brooklyn-based Abraham & Straus division of Federated Department Stores, Inc. in 1968 as an executive trainee and rose to become a merchandise vice president.

“Mike Gould has been an outstanding and inspirational leader who has strengthened Bloomingdale’s position as an upscale fashion trendsetter known and loved by customers around the globe. Bloomingdale’s truly is like no other store in the world,” said Terry J. Lundgren, chairman, president and chief executive officer of Macy’s, Inc. “Tony Spring also has been an integral part of Bloomingdale’s formula of success for 26 years, and we are excited about his new, elevated role leading this exceptional omnichannel brand going forward.

“Bloomingdale’s has been pursuing multi-dimensional growth opportunities. These include strategic omnichannel integration of 37 Bloomingdale’s stores, bloomingdales.com and related mobile applications to serve the rapidly evolving nature of consumer demand. In addition, Bloomingdale’s initiated an international store presence in Dubai in 2010, international shipping to more than 100 countries beginning in 2011, and a Bloomingdale’s Outlet store strategy that now includes 13 locations across the U.S. opened over the past three years. We see nothing but continued growth and opportunity ahead,” Lundgren said.

Spring, 48, was promoted to Bloomingdale’s president and chief operating officer in 2008, with responsibility for Bloomingdale’s stores, marketing, creative services, finance, operations and restaurants. He began his Bloomingdale’s career in 1987 as an executive trainee in the White Plains, NY, store, and progressed with positions of increasing responsibility through his tenure with the retailer.

A successor to Spring as president of Bloomingdale’s is expected to be named in 2014.