Live On Bloomberg TV, Macy's CEO Jeffrey Gennette Says "Bet On Dept. Stores" "AI Can Be Useful"
Portfolio Pulse from Benzinga Newsdesk
Macy's CEO Jeffrey Gennette, during a live interview on Bloomberg TV, expressed confidence in the future of department stores and acknowledged the potential usefulness of AI in retail.
November 24, 2023 | 3:38 pm
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POSITIVE IMPACT
Macy's CEO's positive outlook on department stores and AI could instill investor confidence, potentially impacting Macy's stock (M) positively in the short term.
The CEO's public endorsement of the department store model and AI in retail could be seen as a positive signal about the company's direction and adaptability, which may lead to increased investor confidence and a potential uplift in Macy's stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80