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wwd.comSEP 152 min read$CPRI

Macy’s and Capri CEOs Talk Turnaround

Macy's CEO Tony Spring and Capri Holdings CEO John Idol discussed their companies' turnaround strategies at the Goldman Sachs retail conference. Macy's 'Bold New Chapter' plan has led to improved customer experience and luxury brand growth, while Capri is repositioning Michael Kors and Jimmy Choo, reducing promotions to boost margins.

Original reporting
wwd.com
Published Sep 15, 2026, 7:43 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 15, 2026, 10:09 PM UTC. Informational, not investment advice.
How this was made
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Macy’s and Capri CEOs Talk Turnaround — source image
Source · wwd.com
Decision brief

The 30-second read

$CPRINeutralLow
01

Why it matters

Management provided fresh quantitative updates on store remodels and inventory reductions, offering new insight into their turnaround progress.

02

Market read

Both companies are in the early stages of turnaround plans; new commentary may influence short‑term sentiment.

03

What to watch

Potential supply‑chain constraints and consumer spending pressure could offset remodel benefits.

Relevance 6/10Novelty 5/10Timing: today (Goldman Sachs retail conference)

Background

The article reports on remarks made by CEOs of Macy's (M) and Capri Holdings (CPRI) at the Goldman Sachs annual retail conference.

Company-level read

Ticker impact

$CPRINeutralMedium confidence
Context

Capri Holdings CEO John Idol outlined early results of the Michael Kors brand repositioning and inventory cuts at the same conference.

Expected impact

Limited immediate impact; longer‑term upside if full‑price sales recover.

Evidence & confidence

New commentary on inventory levels (27% drop) and reduced markdowns provides fresh insight into execution.

Market effects

Sector

Retail sector may see modest confidence boost from two major turnarounds.

Regional

U.S. consumer discretionary outlook slightly improved.

Global

Limited; primarily U.S. retail investors.

Counterpoint

What could challenge this read

Turnaround execution risk remains high; inventory cuts could signal deeper demand weakness.

Key entities

  • Executive
    Tony Spring

    CEO of Macy's Inc.

  • Executive
    John Idol

    CEO of Capri Holdings

Read at source← All news

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