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Macy’s head merchant Gennette named president
Jeffrey Gennette will take on the new role of president at Macy's after serving the past five years as the department store retailer’s chief merchandising officer.
Gennette will report to Macy’s chairman and CEO Terry Lundgren and retain day-to-day responsibility for Macy's merchandising functions, as well as oversight of marketing and macys.com. In addition, he assumes oversight responsibility for Macy's private brands organization.
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Survey: Restaurant loyalty programs have low participation
New York -- Just one-quarter (25%) of consumers consider loyalty programs important when choosing a restaurant. According to a new study from Deloitte, 50% of survey respondents said they belong to at least one restaurant program, a much lower rate compared with those of other sectors, such as airlines (78%) and hotels (70%).