Macy’s (M) is working o𓄧n its long-te💃rm growth, and that starts with some changes at the top.

The department store chain said Tuesday that Thomas J. Edwards will become CFO and 澳洲幸运5开奖号码历史查询:chief operating officer, effective June 22. Edwards comes from serving as CFO and 🍌C🥃OO at global fashion luxury group Capri Holdings.

The change is the latest move in the company’s executive ranks; Macy’s also recently appointed a new chief stores officer, 澳洲幸运5开奖号码历史查询:chief information officer, chief marketing officer, and a new CEO of Macy's Bloomingdale’s unit, among others.&nbs🍷🦩p;

“With th𓆏ese changes, we complete a purposeful evolution of the Macy’s Inc. leadership team and I am confident that we have the right talent to support the return of Macy’s Inc. to enterprise growth,” CEO Tony Spring said.

Executive Changes Fol𝓰low Sales Decline, Store Closures

Macy’s is looking to revitalize itself after it reported a roughly 澳洲幸运5开奖号码历史查询:4% year-over-year decline in net sales in the fiscal 2024 fourth quarter—which it warned about ahead of the results—due to 澳洲幸运5开奖号码历史查询:poor store performance. The company announced in 🌄February 2024 that it will be shuttering 150 stores over three years, many of which 𝔉have already closed. 

For the time being, investors have been down on Macy's shares, which are off more than 35% in the last year. The stock was recently up 2.2%.