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Five Below names merchandising head
Philadelphia -- Teen value retailer Five Below has named Michael Romanko as its executive VP of merchandising, charged with overseeing merchandising strategy and operations. Romanko, who officially assumes the role on Jan. 19, will report to president Joel Anderson.
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Macy's restructuring: 14 store closures, thousands of layoffs, perhaps an off-price focus
Cincinnati -- In response to changes in “where the customer is headed,” Macy’s chief announced on Thursday a sweeping reorganization plan that will close 14 under-performing stores, lay off thousands of workers and, most far-reaching, ready the retailer to respond to an omnichannel shopping environment.

