Macy’s just made a massive change to its management. An eBay executive has recently been appointed as president. The company also announced a number of job cuts on Monday.
Hal Lawton is the new president of Macy’s. He will join the office on September 8, and will have broad responsibilities, including merchandising, marketing, stores, operations, technology and customer analytics, Macy’s said in a press release.
Macy’s consolidated its merchandising, planning, and private-label functions into a single department, leading to 100 job cuts. The management changes were aimed at streamlining decision-making so the department store chain can be easier to manage.
Macy’s spokeswoman Andrea Schwartz said no Cincinnati jobs will be impacted. The jobs that have been cut are high-ranking positions, based on Macy’s projection that the company will save $30 million annually — $300,000 per job — with the reductions.
Lawton will report to Macy’s CEO Jeff Gennette, who was the company’s previous president. Lawton worked for Home Depot and McKinsey & Co. before becoming a Senior Vice President at eBay.
“Hal Lawton has deep expertise at the intersection of retail and technology, a diverse set of business experiences that give him a unique perspective, and a track record of successfully driving a change agenda at scale. I’m thrilled that he has chosen to join Macy’s,” Gennette said. “This is a key step as we look to further transform the business and work through the volatility of today’s retail landscape.”
Among those who have been let go is Macy’s Chief Merchandising Officer Tim Baxter, whose duties will be taken over by current chief stores and human resources officer Jeff Kantor.
“Macy’s has long been known for innovation and excellence in merchandising,” Gennette said. “The changes we are making today maintain our core merchandising skills while massively simplifying our structure and processes for greater speed and flexibility. We are also further strengthening our consumer insights and data analytics capabilities so we can make better decisions faster, balancing the art and science of retail.”