Tony Spring to Succeed Michael Gould as Chairman and Chief Executive Officer of Bloomingdale’s

  Tony Spring to Succeed Michael Gould as Chairman and Chief Executive Officer
  of Bloomingdale’s

Business Wire

CINCINNATI -- October 30, 2013

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.

Spring, 48, was promoted to Bloomingdale’s president and chief operating
officer in 2008, with responsibility for Bloomingdale’s stores, marketing,
creative services, finance, operations and restaurants. He began his
Bloomingdale’s career in 1987 as an executive trainee in the White Plains, NY,
store. Over the next eight years, he assumed positions of increasing
responsibility in the home furnishings area before being promoted to senior
vice president for home furnishings. In 1997, Spring was named senior vice
president for marketing. A year later, he was promoted to executive vice
president for marketing; and in 2003, added bloomingdales.com, Bloomingdale’s
by Mail and restaurants to his responsibilities. In 2004, Spring was named
senior executive vice president responsible for marketing, Bloomingdale’s
Direct and restaurants. A year later, he was promoted to senior executive vice
president and director of stores, with additional responsibility for
Bloomingdale’s shopping services and creative services. Spring, a native New
Yorker, is a graduate of Cornell University. He and his wife, Grace, live in
the New York City area with their two children.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the
nation’s premier retailers, with fiscal 2012 sales of $27.7 billion. The
company operates about 840 department stores in 45 states, the District of
Columbia, Guam and Puerto Rico under the names of Macy’s and Bloomingdale’s,
as well as the macys.com and bloomingdales.com websites. The company also
operates 13 Bloomingdale’s Outlet stores. Bloomingdale’s in Dubai is operated
by Al Tayer Group LLC under a license agreement.

All statements in this press release that are not statements of historical
fact are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are based upon the
current beliefs and expectations of Macy’s management and are subject to
significant risks and uncertainties. Actual results could differ materially
from those expressed in or implied by the forward-looking statements contained
in this release because of a variety of factors, including conditions to, or
changes in the timing of, proposed transactions, prevailing interest rates and
non-recurring charges, competitive pressures from specialty stores, general
merchandise stores, off-price and discount stores, manufacturers’ outlets, the
Internet, mail-order catalogs and television shopping and general consumer
spending levels, including the impact of the availability and level of
consumer debt, the effect of weather and other factors identified in documents
filed by the company with the Securities and Exchange Commission.

(NOTE: Additional information on Macy’s, Inc., including past news releases,
is available at www.macysinc.com/pressroom).

Contact:

Macy’s, Inc.
Media
Jim Sluzewski, 513-579-7764
or
Investor
Matt Stautberg, 513-579-7780