Macy’s Fires Top Executive, Starts New Restructuring

Macy’s Inc. (NYSE: M) — which has nine stores in Arizona and 730 nationwide — has fired Chief Growth Officer Peter Sachse and has started new restructuring moves at stores and regional operations. Macy’s reported Sachse’s “involuntary separation” in a Friday SEC filing before the holiday weekend, according to the Cincinnati Business Courier (a sister publication to the Phoenix Business Journal). Sachse had been with the company 34 years.

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