This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Tony Spring To Succeed Michael Gould As Chairman And Chief Executive Officer Of Bloomingdale’s

Stocks in this article: M

Macy’s, Inc. (NYSE:M) today announced an upcoming change in leadership at New York-based Bloomingdale’s. After an illustrious 22-year career as Bloomingdale’s chairman and chief executive officer, Michael Gould will be succeeded in that role by Tony Spring, currently Bloomingdale’s president and chief operating officer, effective Feb. 1, 2014.

“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.

“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.

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

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. He joined Giorgio in 1986 as president and chief operating officer. 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. In 1978, he joined J.W. Robinson’s in Los Angeles in a senior merchant role, and in 1981 became Robinson’s chairman and chief executive officer. A native of Boston, Gould holds bachelor’s and master’s degrees from Columbia University. He lives in New York City with his family.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs