CINCINNATI–After 22 years at the helm, Bloomingdale’s Chairman and CEO Michael Gould will relinquish his role at the retailer, to be succeeded by Tony Spring, Bloomingdale’s president and chief operating officer, on Feb. 1, 2014.
“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. Bloomingdale’s truly is like no other store in the world,” said Terry J. Lundgren, chairman, president and CEO of Macy’s, Inc, Bloomingdale’s parent. “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 omnichannel brand going forward.”
A successor to Spring as president of Bloomingdale’s is expected to be named in 2014.
Gould, 70, joined Bloomingdale’s as chairman and CEO in 1991. Previously, he was president and chief executive officer of Giorgio Beverly Hills, a position he had held since 1987. He joined Giorgio in 1986 as president and chief operating officer. Gould began his retailing career at the Brooklyn-based Abraham & Straus division of Federated Department Stores, Inc. in 1968 as an executive trainee and rose to become a merchandise vice president. In 1978, he joined J.W. Robinson’s in Los Angeles in a senior merchant role, and in 1981 became Robinson’s chairman and CEO.
Spring, 48, was promoted to Bloomingdale’s president and chief operating officer in 2008, with responsibility for Bloomingdale’s stores, marketing, creative services, finance, operations and restaurants. He began his Bloomingdale’s career in 1987 as an executive trainee in the White Plains, N.Y., store. Over the next eight years, he assumed positions of increasing responsibility in the home furnishings area before being promoted to senior vice president for home furnishings. In 1997, Spring was named senior vice president for marketing. A year later, he was promoted to executive vice president for marketing; and in 2003, added bloomingdales.com, Bloomingdale’s by Mail and restaurants to his responsibilities. In 2004, Spring was named senior executive vice president responsible for marketing, Bloomingdale’s Direct and restaurants. A year later, he was promoted to senior executive vice president and director of stores, with additional responsibility for Bloomingdale’s shopping services and creative services.