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Bloomberg reports that Macy's, which just announced its intention to close 100 stores, or about 14 percent of its fleet, has hired Richard Lennox, formerly CMO at Toys R Us, to be its new chief marketing officer.
KC's View:
I don't know Lennox, so I have no idea how good he may be. But I'm not sure I'd hire anyone away from Toys R Us, a chain that is not exactly setting the world on fire.