Macy's has appointed Thomas J. Edwards as the new CFO and chief operating officer, effective June, in a bid to drive growth. Edwards, who previously held the same role at Capri Holdings, joins Macy's as part of a series of changes in the company's executive team. These changes come after Macy's experienced lackluster results in the fourth quarter of fiscal 2024 due to underperforming stores. CEO Tony Spring expressed confidence in the leadership team, emphasizing their role in steering Macy's towards growth. The company has also made other key appointments in its executive ranks to bolster its operations. Macy's is in the process of revitalizing itself following a decline in net sales in the fourth quarter of fiscal 2024, attributed to poor store performance. As part of its strategy, Macy's plans to close 150 stores over three years, with some closures already completed. Macy's shares have faced negative investor sentiment, with a decrease of over 35% in the past year, although they recently showed a slight increase.