Macy's adds NBCUniversal veteran to leadership team
“Jason brings a wealth of creative experience from consumer advertising, as well as the media and entertainment industries, and has a proven track record of innovative storytelling,” said Otterman, who joined Macy’s from Caesars Entertainment late last year. “Macy’s has a rich history of celebrating moments big and small, and we’ve added a strong storyteller to continue to tell our story. I’m excited for us to continue adding talented creative professionals to our world-class marketing organization.”
In its most recent quarter, Macy’s reported a profit of $150 million for the second quarter ended Aug. 3. Conversely, net sales fell 3.8% to $4.94 billion. Despite slipping from $5.13 billion a year ago, sales only slightly missed analyst expectations of $5.06 billion. Same-store sales also took a hit, dropping 3.3%.
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Macy’s currently operates 720 stores under the banners Macy’s, Bloomingdales and Bluemercury banners.