Antony Spring on department store industry
From Macy's CEO on Earnings, Brand Strategy and Outlook · · Bloomberg Television
“I never bought into the extinction of department stores. I think it's bad. Stores don't have a place in the retail ecosystem. Sometimes they can survive longer than they should. Great stores people love. People love Harrods. They love Selfridges. They love their department stores.”
On , Antony Spring, CEO & Chairman at MACY'S INC, spoke about department store industry during Macy's CEO on Earnings, Brand Strategy and Outlook on Bloomberg Television.
About Antony Spring
In late May and early June 2026, Macy's Inc. CEO and Chairman Tony Spring discussed the company's recent performance and strategy in interviews with Bloomberg. Spring noted that the company had reported four consecutive quarters of comparable sales growth and five quarters of beating guidance, with Macy's reimagined stores showing 2.4% growth and Bloomingdale's reporting 10.2% growth. He said he "never bought into the extinction of department stores," adding that "Great stores people love." Spring stated that the company's focus is on delivering a great experience for the Bloomingdale's customer rather than depending on competitors' missteps, saying, "if you depend on other people failing for you to succeed, you're not going to get very far." Looking ahead, Spring said the company's next chapter would include more brands, more reimagined stores for Macy's, continued expansion of Bloomingdale's, and new ways of incorporating AI. He described a reduced need to navigate tariff uncertainty compared to the previous year, saying, "This year we can be focused on taking care of the customer." Spring also referenced Berkshire Hathaway's investment, stating it "just has a wonderful reputation of believing and investing for the long term" and serves as a proof to the team "that doing the right things, even if you don't see the immediate success, they will be beneficial over time."