Capri's finance and operations head joins Macy's; both stocks rise
ReutersApr 1, 2025 4:11 PM
Shares of department-store chain Macy's M.N rise as much as 3.9% to $13.05
Michael Kors owner Capri's CPRI.N COO and CFO Thomas Edwards appointed in similar roles at Macy’s, effective June 22
Shares of Capri up ~1% at noon
Macy's current CEO and CFO Adrian Mitchell to continue his roles through June 21
Rajal Mehta, CFO at Michael Kors, will assume role of Capri's interim CFO from Edwards on June 20
Macy's also reiterates its Q1 sales, profit forecasts
YTD, including session moves, M and CPRI have fallen 23% and 5.6% respectively
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