Jeff Gennette, chairman and chief executive officer of Macy’s Inc.
Mark Kauzlarich | Bloomberg via Getty Images
Macy’s chief sees $10 billion in sales up for grabs because of the flood of retail bankruptcies taking place and accelerated due to the coronavirus pandemic.
“You see certain brands today that are either going to Chapter 13 or Chapter 11,” Chief Executive Jeff Gennette said Thursday during a virtual fireside chat with J.P. Morgan analyst Matt Boss. “Well we’ll look at that very carefully depending on the brand … and with the location.”
“We see there’s about $10 billion worth of opportunity