Macy’s (M) is working on its long-term growth, and that starts with some chang🌄es at the to🧔p.

The department store chain said Tuesday that Thomas J. Edwards will become CFO and 澳洲幸运5官方开奖结果体彩网:chief operating officer, effective June 22. Edwards coꦕmes from serving as CFO and COO at global fashion luxury group Capri Holdings.

The change is the latest move in the company’s executive ranks; Macy’s also recently appointed a new chief stores officer, 澳洲幸运5官方开奖结果体彩网:chief information officer, chief marketing 🐈officer, and aꦇ new CEO of Macy's Bloomingdale’s unit, among others. 

“With these changes, we complete a purposeful evolution of the Macy’s Inc. leadership team and I am confident that we have the right talent to♚ support the return of Macy’s Inc. to enterprise growth,” CEO Tony Spring said.

Exe𒐪cuti🔜ve Changes Follow Sales Decline, Store Closures

Macy’s is looking to revitalize itself after it reported a roughly 澳洲幸运5官方开奖结果体彩网:4% year-over-year decline in net sales in the fiscal 2024 fourth quarter—which it warned about ahead of the results—due to 澳洲幸运5官方开奖结果体彩网:poor store performance. The company announced in February 🍸2024 that it will be shuttering 150 stores over three years, many of which have already clo൩sed. 

For the time being, investors have been down on Macy's shares, which are off more than 35% in the last year. The stock was recently up 2.2%.