Tony Spring is the Chairman and Chief Executive Officer of Macy’s, Inc. (NYSE: M), one of America’s premier omnichannel retailers. Spring became CEO in February 2024 after spending his entire 37-year career at Bloomingdale’s, where he rose from executive trainee to chairman and CEO. He is leading “A Bold New Chapter,” Macy’s multi-year turnaround strategy that focuses on revitalizing its top-performing stores, closing 150 underperforming locations, and investing in the Bloomingdale’s and Bluemercury brands. Under his leadership, Macy’s has delivered consecutive quarters of improved comparable sales.
Read on for Tony Spring’s salary and compensation, net worth, age, email address, education, career history, and more.
Quick Facts
| Tony Spring — Key Information | |
|---|---|
| Full Name | Antony “Tony” Spring |
| Age | 60 (born c. 1965) |
| Nationality | American |
| Title | Chairman & CEO, Macy’s, Inc. |
| CEO Since | February 2024 |
| Education | B.S. Hospitality Administration, Cornell University (1987) |
| Net Worth (Est.) | ~$7 – $8 million |
| Annual Compensation | ~$16.45 million (FY2024) |
| [email protected] | |
| Brands Overseen | Macy’s, Bloomingdale’s, Bluemercury |
Career Highlights
- 37-year Bloomingdale’s veteran — joined as an executive trainee in 1987 and rose through merchandising, buying, and management to become Chairman & CEO
- Transformed Bloomingdale’s — led a decade-long modernization (2014-2023) that made the brand a top luxury department store in America
- Named Macy’s CEO-Elect (March 2023) — handpicked by predecessor Jeff Gennette to lead the company’s next chapter
- Launched “A Bold New Chapter” strategy — a comprehensive turnaround plan to close 150 underperforming stores, invest in 350 “go-forward” locations, and grow Bloomingdale’s and Bluemercury
- Delivered consecutive earnings beats — under Spring’s leadership, Macy’s has exceeded Wall Street expectations in multiple consecutive quarters
- NRF leadership — serves on the Executive Committee of the National Retail Federation and chairs the NRF Foundation board
Career Timeline
| Period | Role |
|---|---|
| 1987 | Executive Trainee, Bloomingdale’s (White Plains, NY) |
| 1987 – 2008 | Various merchandising and management roles, Bloomingdale’s |
| 2008 – 2014 | President & COO, Bloomingdale’s |
| 2014 – 2023 | Chairman & CEO, Bloomingdale’s |
| March 2023 | President & CEO-Elect, Macy’s, Inc. |
| February 2024 | CEO, Macy’s, Inc. |
| April 2024 – Present | Chairman & CEO, Macy’s, Inc. |
Tony Spring Net Worth & Salary
As of 2026, Tony Spring’s net worth is estimated at approximately $7 – $8 million, based primarily on his disclosed Macy’s stock holdings. According to SEC filings, Spring directly owns roughly 0.13% of the company’s shares, valued at approximately $7.57 million. His total compensation for fiscal year 2024 was approximately $16.45 million, a significant increase from his FY2023 compensation of $5.78 million when he was CEO-Elect.
Macy’s CEO Compensation Breakdown (FY2024)
| Component | Amount (USD) | % of Total |
|---|---|---|
| Base Salary | $1,300,000 | 7.9% |
| Non-Equity Incentive (Bonus) | $2,600,000 | 15.8% |
| Stock Awards | $12,300,000 | 74.8% |
| Other Compensation | $252,108 | 1.5% |
| TOTAL | $16,452,108 | 100% |
Key Insight: Over 92% of Tony Spring’s total compensation is performance-based (bonus + stock awards), with approximately 92% of his stock awards tied to performance targets. His compensation is above the average for similarly sized U.S. companies ($8.22M median).
Macy’s Financial Summary
Macy’s, Inc. enters 2026 in a transitional period under Spring’s “Bold New Chapter” strategy. While revenue declined in FY2024 due to planned store closures, the company achieved its strongest comparable sales growth in 13 quarters during Q3 FY2025. Full-year FY2025 results will be reported on March 18, 2026.
| Metric | FY2024 | FY2023 | YoY Change |
|---|---|---|---|
| Revenue | $23.87B | $25.45B | ▼ -6.2% |
| Net Income (GAAP) | $45M | $1.15B | ▼ -96% |
| FY2025 Revenue (TTM) | $23.0B | – | ▼ -3.6% |
| Market Cap (Mar 2026) | ~$5.25B | ~$5.0B | ▲ +5% |
| Employees | ~94,000 | ~85,000 | ▲ +10.6% |
| Stores Worldwide | ~3,500+ | ~3,600+ | ▼ Closing 150 |
Bold New Chapter Strategy: Macy’s is closing 150 underperforming stores by 2026, leaving 350 “go-forward” Macy’s locations. The first 50 revitalized stores have shown three consecutive quarters of improved comparable sales and net promoter scores. A new 2.5 million sq. ft. fulfillment center in North Carolina is expected to save $235M annually by late 2026.
Tony Spring Education & Early Life
Tony Spring graduated from Cornell University in 1987 with a Bachelor of Science in Hospitality Administration/Management. His hospitality background is unusual among retail CEOs and has shaped his leadership philosophy. Spring has said he wants to bring a “hotel-service mentality” to department store retail, emphasizing genuine customer engagement over scripted interactions.
After graduating, Spring immediately joined Bloomingdale’s as an executive trainee at the White Plains, New York store, beginning what would become a 37-year career with the brand. He progressed through various merchandising and management positions before being named President & COO in 2008 and Chairman & CEO in 2014.
Tony Spring Personal Life
Tony Spring keeps his personal life largely private. He has referenced a wife in public statements but has not shared further details about his family publicly. Spring is based in the New York City area and is known for his deep passion for retail and customer experience.
Outside of Macy’s, Spring is actively involved in philanthropic and cultural organizations:
- JDRF Greater New York City — board member of the Juvenile Diabetes Research Foundation
- Hospital for Special Surgery — advisory board member
- Lincoln Center Theater — joined the board of directors in 2025
- National Retail Federation — serves on the executive committee and chairs the NRF Foundation board
Tony Spring Fun Fact
Tony Spring holds a hospitality degree from Cornell’s School of Hotel Administration, not a business or finance degree — making him one of the few major retail CEOs with that background. He tells a memorable story about a customer who complained that Bloomingdale’s staff were trained to say “How are you doing?” but “nobody could even wait for the answer.” That moment taught Spring that scripted service without genuine intent is worthless, and it became a cornerstone of his leadership philosophy.
How to Contact Tony Spring / Macy’s CEO Email
Macy’s corporate email format is [email protected]. Tony Spring can be reached at:
| Tony Spring — Contact Information | |
|---|---|
| Email Address | [email protected] |
| Tony Spring — Chairman & CEO, Macy’s, Inc. | |
| Corporate HQ | 151 W. 34th Street, New York, NY 10001 |
| Investor Relations | macysinc.com/investors |
Frequently Asked Questions (FAQ)
Who is the CEO of Macy’s?
Tony Spring has been Chairman & CEO of Macy’s, Inc. since early 2024, succeeding Jeff Gennette. He spent 37 years at Bloomingdale’s before taking the helm of the parent company.
What is Tony Spring’s salary?
Tony Spring’s total compensation for fiscal year 2024 was approximately $16.45 million, including a $1.3 million base salary, $2.6 million bonus, and $12.3 million in stock awards. Over 92% of his pay is performance-based.
What is Tony Spring’s net worth?
Tony Spring’s net worth is estimated at approximately $7 – $8 million, based on his Macy’s stock holdings of roughly 0.13% of outstanding shares.
What is Macy’s “Bold New Chapter” strategy?
Spring’s turnaround plan focuses on closing 150 underperforming Macy’s stores, investing in 350 “go-forward” locations (starting with the “First 50” top-performing stores), and growing the Bloomingdale’s and Bluemercury brands. The strategy also includes a major investment in supply chain technology.
What brands does Macy’s Inc. own?
Macy’s, Inc. operates three retail brands: Macy’s department stores, Bloomingdale’s (luxury department stores), and Bluemercury (luxury beauty and spa stores).
What is Tony Spring’s email address?
Tony Spring’s corporate email address is [email protected], following Macy’s standard [email protected] format.
Article last updated: January 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including SEC filings, official company press releases, and reputable news outlets. This content is provided for informational purposes only and does not constitute financial or investment advice. Net worth figures are estimates and may vary by source.