Macy's Makes Management Changes?

Peter SachsePeter Sachse

CINCINNATI-Thomas Cole is retiring as Macy's chief administrative officer, the company announced, triggering a number of changes in the retailer's executive ranks.

Peter Sachse, Macy's chief stores officer, will assume additional responsibility for store planning, design and construction. All Macy's stores, as well as the region, district and central stores organization and visual merchandising, continue to report to Sachse, who reports to Terry Lundgren, chairman, president and CEO.

Robert Harrison, previously Macy's executive vice president for omnichannel strategy, is assuming the newly-created role of chief omnichannel officer, reporting to Lundgren. In addition to his existing role managing the development of strategies to closely integrate the company's stores, online and mobile activities, Harrison will assume responsibility for systems and technology, logistics and related operating functions.

Karen Hoguet, Macy's Inc. chief financial officer, will assume additional responsibility for credit and customer services, real estate, non-merchandise purchasing and sustainability. All of the company's finance and accounting functions report to Hoguet, who reports to Lundgren.

William Allen has joined Macy's as chief human resources officer. Allen, who previously served as senior vice president of AP Moller-Maersk A/S, will oversee Macy's Inc. human resources, diversity strategies, and corporate communications and external affairs functions, and reports to Lundgren.

"These adjustments to our senior leadership team provide continuity and strengthen our ability to innovate as we work to maximize results in the years ahead from our core business strategies, including My Macy's localization, omnichannel alignment, and customer engagement," Lundgren said in a statement.

Lundgren also praised Cole, who is retiring after 41 years with the company, for his leadership in helping to guide the company through "periods of unprecedented change.

"Tom's influence has been particularly profound over the past seven years as we integrated the acquisition of The May Department Stores Company, migrated to the nationwide Macy's brand, developed new business and organization structures, aggressively pursued our omnichannel vision and improved our customer shopping experience," Lundgren said.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

  • Von Tobel Cites Brass Textures Among Top Trends

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN cover for September 2017

    HFN's DIGITAL EDITION

    September 2017


    COVER STORY:

    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    ALSO IN THIS ISSUE:

    •  TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
    •   Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
    •  N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.