Macy’s, Inc. announces its CEO succession plan, with Terry Lundgren to become executive chairman and Jeff Gennette to become president and chief executive officer. (The CEO transition was complete on March 23, 2017.)
The world-famous Macy’s Thanksgiving Day Parade celebrates 90 years as the official start of the holiday season.
Bluemercury expands rapidly, totaling 122 specialty stores, including 19 stores within Macy’s, and online at bluemercury.com
Bloomingdale’s opens in Kuwait, the company’s second international store.