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Macy’s Taps Capri Holdings Exec for Combined CFO/COO Role

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Macy’s has named Thomas Edwards as its new CFO and COO, effective June 22, 2025, as part of a realignment of the department store retailer’s C-suite. Edwards, who brings nearly four decades of retail experience to the posts, currently holds the CFO and COO titles at Capri Holdings. He will replace the departing Adrian Mitchell, who will remain through June 21 to help ensure a seamless transition.

Additionally, Barbie Cameron, who was appointed as Macy’s Chief Stores Officer in February 2025, will begin reporting directly to Macy’s Chairman and CEO Tony Spring, effective June 22. Maly Bernstein, CEO of Macy’s Bluemercury banner, will report to Olivier Bron, CEO of Bloomingdale’s, effective May 1.

Thomas Edwards “is a highly collaborative leader and thought partner with experience both in and outside the retail industry across various business cycles,” said Spring in a statement. “I am confident that he will ensure continued execution of our Bold New Chapter strategy.”

Like other iconic department stores, Macy’s has faced numerous challenges in recent years. Nordstrom took its company private in December 2024, the same month that Saks Global acquired Neiman Marcus for $2.7 billion. Canada’s oldest retailer, Hudson’s Bay, declared bankruptcy in March 2025.

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Macy’s has faced pressure from activist investors to spin off its successful Bloomingdale’s and Bluemercury divisions, most recently in December 2024. In January 2025, the leaders of Macy’s three banners, its namesake as well as Bloomingdale’s and Blue Mercury, discussed the company’s future at the NRF Big Show. At that time, Spring said: “The key is for the customer to find something special and different at Macy’s, Bloomingdale’s and Bluemercury. At the same time [we need] to continue to try to make the case to the public markets that this three-brand portfolio has more value than we are showing today.”

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