Gould Stepping Down at Bloomingdale’s

Mike GouldNEW YORK—Bloomingdale’s CEO Michael Gould will step down after 22 years early next year and president and chief operating officer Tony Spring will succeed him.

“Leading this great brand and organization to a new level of success over two decades has been a great privilege. I feel that now is the appropriate time for a change for both the company and myself,” Gould said in a statement.

“Mike Gould has been an outstanding and inspirational leader who has strengthened Bloomingdale’s position as an upscale fashion trendsetter known and loved by customers around the globe,” said Terry Lundgren, CEO of Macy’s Inc., the parent company of Bloomingdale’s. “Tony Spring also has been an integral part of Bloomingdale’s formula of success for 26 years, and we are excited about his new, elevated role leading this exceptional omni-channel brand going forward.”

Spring’s promotion is effective February 1, 2014; his successor has yet to be named.

Gould’s career started at Brooklyn-based Abraham & Straus in 1968. He moved to the West Coast for a senior merchant job at J.W. Robinson’s in L.A. in 1978 and became CEO there three years later. He became president and COO of Giorgio Beverly Hills in 1986, rising to CEO there before he moved back to New York as CEO of Bloomingdale’s in 1991.

Tony SpringSpring has been president and COO at Bloomingdale’s since 2008; he’s been with the company since 1987 when he started at the White Plains, NY store as an executive trainee. Spring’s first decade at the retailer were focused mostly on its home furnishings business. He became SVP of marketing in 1997 with increasing responsibility over various divisions, including bloomingdales.com, Bloomingdale’s by Mail and restaurants before he was promoted to director of stores in 2005.

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