UPDATE: Jeff Gennette served as Chairman & CEO of Macy’s, Inc. from March 2017 to February 2024. He retired after 40 years with the company. The current CEO is Tony Spring (since February 4, 2024). Tony Spring — Salary, Age, Email & Net Worth →
Macy’s, Inc. (NYSE: M), the iconic American omnichannel retailer and parent company of Macy’s, Bloomingdale’s, and Bluemercury, was led by Jeff Gennette as CEO from March 2017 to February 2024 and as Chairman from January 2018 to June 2024. A 40-year Macy’s veteran who joined the company in 1983 as an Executive Trainee in San Francisco, Gennette rose through every level of the organization — from store-level merchandising to regional CEO to Chief Merchandising Officer to President — before becoming the company’s top executive. During his tenure as CEO, Gennette navigated the company through the COVID-19 pandemic, led a digital transformation that tripled e-commerce revenue, and introduced the “Polaris” growth strategy that returned Macy’s to profitability.
Read on to learn about Jeff Gennette’s net worth in 2026, his Macy’s CEO salary and compensation, career history, email address, age, family, and more.
(Suggested: Kohl’s CEO Email & Net Worth – Michael Bender Salary)
Jeff Gennette – Quick Facts
Macy’s Competitors
Macy’s, Inc. operates in the highly competitive U.S. department store and omnichannel retail industry. During Jeff Gennette’s tenure and continuing today, Macy’s key competitors include:
- Nordstrom – upscale department store chain (went private in 2024)
- Dillard’s – major regional department store retailer
- JCPenney – mid-tier department store rival
- Kohl’s – off-mall department store chain
- Target – mass-market retailer encroaching on apparel
- Costco – warehouse club with growing apparel business
- TJX Companies (T.J. Maxx, Marshalls) – off-price retail giant
- Amazon – dominant e-commerce and fashion marketplace
Jeff Gennette Net Worth 2026 – Macy’s CEO Salary
As of 2026, Jeff Gennette’s net worth is estimated at approximately $30–55 million USD, based on his disclosed Macy’s stock holdings, retirement benefits, and accumulated compensation over his 40-year career. According to SEC filings, Gennette owns approximately 1.1 million shares of Macy’s (NYSE: M) stock, which at current trading levels around $21–23 per share represents a stake valued at roughly $23–25 million. Combined with pension benefits, deferred compensation, and other assets, various financial data platforms estimate his total net worth in the $30–55 million range.
Jeff Gennette Compensation Breakdown (FY2023 – Final Year as CEO)
Key Insight: In his final full fiscal year as CEO (FY2023), Jeff Gennette’s total compensation was $11.8 million, with nearly 70% coming from stock-based awards. His performance-based compensation (bonus + equity) accounted for roughly 85% of his total pay, aligning his incentives with shareholder returns. Over his seven years as CEO, Gennette’s annual compensation ranged from approximately $9.6 million to $11.8 million.
Macy’s Net Worth 2026 – Is Macy’s Profitable?
Yes, Macy’s, Inc. is a profitable company. Under the “Bold New Chapter” strategy launched by CEO Tony Spring (Gennette’s successor), Macy’s reported net income of $582 million in fiscal 2024, a massive turnaround from $45 million the prior year. The company generated $22.3 billion in net sales, and its market capitalization stands at approximately $5.7–6.1 billion as of February 2026.
Macy’s Financial Summary (FY2024)
Turnaround Story: During Jeff Gennette’s tenure, Macy’s navigated the COVID-19 shutdown in 2020, launched the Polaris growth strategy, tripled digital sales, and returned to profitability. Since his retirement, the company’s “Bold New Chapter” plan has closed 64 underperforming locations while reinvesting in the remaining 350 Macy’s nameplate stores.
(Recommended: Walmart CEO Email & Net Worth – John Furner Salary)
Jeff Gennette Email Address | Contact Information
Below are the known contact details and social media profiles for former Macy’s CEO Jeff Gennette. Note that his corporate email is no longer active following his retirement in February 2024:
Career & Education – Company, University, & College
Jeff Gennette spent nearly his entire 40-year retail career at Macy’s, Inc. He joined the company in 1983 as an Executive Trainee at Macy’s West in San Francisco, right out of Stanford University. Over the following decades, he held positions of increasing responsibility, including VP and Division Merchandise Manager for men’s collections, and SVP and General Merchandise Manager for men’s and children’s. He briefly worked outside the company at FAO Schwarz as Store Manager and Broadway Stores, Inc. as Director of Shops.
Gennette returned to Macy’s and was appointed Executive Vice President and Director of Stores at Macy’s Central in Atlanta in 2004. From 2006 to 2008, he served as Chairman and CEO of Macy’s Northwest in Seattle. He then led Macy’s West in San Francisco as Chairman and CEO from 2008 to 2009. In February 2009, he was named Chief Merchandising Officer of Macy’s, Inc. He was promoted to President in March 2014, and elected CEO in March 2017. He became Chairman in January 2018 and held both roles until his retirement on February 4, 2024.
(Related: JCPenney CEO Email & Net Worth – Marc Rosen Salary)
Jeff Gennette Career Timeline
Education
Jeff Gennette Wiki – Age, Family, & More
Jeff Gennette (age 63 as of 2026) was born in 1962 in San Diego, California, and grew up in the suburb of El Cajon. He is married to Geoff Welch, a retired graphics producer who worked for NBC News and MSNBC. The couple met in 1988 at a Macy’s store in San Francisco and have been together for over 35 years. They have two children. Gennette and Welch reside in the New York City area and also maintain a home in Palm Springs, California.
A passionate Scrabble player, Gennette famously said that his English degree from Stanford prepared him well for a career in retail. He is a strong advocate for diversity, equity, and inclusion, and is known for championing LGBTQ+ rights in the business world. When asked what he could do with an English degree, he replied: “Make a career as a retail executive.”
Notable Achievements & Recognitions
- National Retail Federation (NRF) – Active board participant and industry leader
- Father of the Year (2023) – Honored by the National Father’s Day Council
- Fragrance Foundation Hall of Fame – Inducted in recognition of contributions to the beauty industry
- Polaris Strategy Architect – Designed Macy’s growth strategy that tripled digital sales during 2020–2023
- COVID-19 Response Leader – Navigated Macy’s through temporary closures, furloughs, and successful reopening
- Edward Jones Advisory Board – Appointed as advisory board member post-retirement
Gennette is an avid traveler and art collector. He and his husband are known philanthropists who support causes related to education, health, and LGBTQ+ rights.
(Suggested: Best Buy CEO Email & Net Worth – Corie Barry Salary)
About Macy’s, Inc.
Macy’s, Inc. is an iconic American omnichannel retailer headquartered in New York City. The company was originally founded in 1858 by Rowland Hussey Macy Sr. and was incorporated as Federated Department Stores, Inc. in 1929, adopting the Macy’s, Inc. name in 2007. Today, the company operates three distinct retail brands:
Macy’s, Inc. trades on the New York Stock Exchange under the ticker symbol M. As of fiscal 2024, the company operates approximately 350 Macy’s nameplate stores (after closing 64 underperforming locations), along with Bloomingdale’s and Bluemercury locations, and employs approximately 94,000 people. The company’s annual net sales are $22.3 billion.
Frequently Asked Questions (FAQ)
Who is the current CEO of Macy’s?
The current CEO of Macy’s, Inc. is Tony Spring, who took over as Chief Executive Officer on February 4, 2024, succeeding Jeff Gennette. Spring previously served as Bloomingdale’s CEO and Macy’s Inc. President.
What is Jeff Gennette’s net worth in 2026?
As of 2026, Jeff Gennette’s net worth is estimated at approximately $30–55 million USD. He owns approximately 1.1 million shares of Macy’s stock (NYSE: M), and his wealth includes accumulated compensation, pension benefits, deferred compensation, and other assets from his 40-year career at the company.
What was Jeff Gennette’s salary as Macy’s CEO?
In his final full fiscal year as CEO (FY2023), Jeff Gennette received total compensation of $11,821,259, including a $1.4 million base salary, $1.78 million in non-equity incentive pay, $8.23 million in stock awards, and $416,000 in pension and other compensation. Approximately 85% of his pay was performance-based.
What is Jeff Gennette’s email address?
Jeff Gennette’s former Macy’s corporate email was [email protected]. Since his retirement in February 2024, this email is no longer active. He can be reached via his LinkedIn profile. For Macy’s customer service, call 1-800-289-6229 or contact @Macys on Twitter/X.
Why did Jeff Gennette leave Macy’s?
Jeff Gennette retired voluntarily from Macy’s in February 2024 after serving as CEO since 2017 and spending 40 years with the company. The succession plan was announced in March 2023, with Tony Spring (then CEO of Bloomingdale’s) named as his successor. Gennette continued as Chairman until the 2024 Annual Meeting in June.
How long was Jeff Gennette CEO of Macy’s?
Jeff Gennette served as CEO of Macy’s, Inc. for approximately seven years, from March 2017 to February 2024. He was also Chairman of the Board from January 2018 to June 2024. His total career at Macy’s spanned 40 years, starting in 1983.
Article last updated:January 2026March 2, 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including SEC filings (DEF 14A proxy statements), official Macy’s, Inc. press releases, and reputable news outlets. Net worth figures are estimates and may vary by source. This content is provided for informational purposes only and does not constitute financial or investment advice.