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Macy's eyes international expansion

May 09, 2008

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Cincinnati—Macy's Inc. will be analyzing opportunities for international expansion with the appointment of Daniel Edelman to the new post of president for international retail development.

Edelman was previously president and chief operating officer of San Francisco-based Macy's West. Robert Harrison, previously president and COO of Macy's Northwest in Seattle, will succeed Edelman as president and COO of the Macy's West division. Both appointments are effective immediately, the company said in a media release issued on Thursday.

"Dan Edelman and R.B. Harrison are moving to new roles that will leverage their experience as senior leaders within our company," Terry Lundgren, Macy's Inc. chairman, president and chief executive officer said in the release. "Dan Edelman, a career Macy's executive, will help us to explore ways to expand our brands internationally. Macy's and Bloomingdale's already are known around the world as fashion leaders, and we believe that selective expansion internationally will provide additional opportunities for top-line growth in the years ahead. While accelerating same-store sales growth profitably remains our number one objective, we must look ahead to the future and prepare for longer-term initiatives such as international expansion."

Edelman was chosen for the new assignment "so that our due diligence process is thorough and our international strategies are consistent with our brand strategies," Lundgren added.

Edelman, 59, has served as president and COO of Macy's West since February 2006. Prior to that, he had been chairman and CEO of Macy's Northwest since March 1998 and president of the division since February 1997. Just before that, Edelman spent six years as vice chairman for finance and operations at Macy's West.

Harrison, 45, became president and COO of Macy's Northwest in February 2006 after the Macy's acquisition of The May Department Stores Co. Previously, he had been chairman of Robinsons-May since October 2004, having served as the division's senior vice president and chief financial officer since June 2002, as well as the senior vice president for finance of the Meier and Frank division before it was merged with Robinsons-May.
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