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Ex-Home Depot CEO named to Macy's board
Macy's is adding a retail industry and corporate governance expert its board of directors.
The retailer has named Frank Blake, recently former chairman and chief executive officer of Home Depot, its board. Blake’s election increases the size of the board to 14 members.
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Men’s Wearhouse is not looking good
Breaking the cycle of promotional ridiculousness at Jos. A. Bank is proving to be a far worse drag on sales and profits than parent company Men’s Wearhouse expected.
Men’s Wearhouse revealed the cost of breaking the promotional cycle at the acquired Jos. A. Bank stores on Nov. 6 when CEO Doug Ewert announced a huge downward revision to the combined company’s third quarter and full-year sales and profit outlook.
