04:03 PM EDT, 04/01/2025 (MT Newswires) -- Macy's (M) said Tuesday that luxury holding company Capri's (CPRI) chief operating and financial officer, Thomas Edwards, will take on similar roles at the department store operator.

Edwards will become COO and CFO at Macy's on June 22, replacing Adrian Mitchell.

Macy's recently appointed Chief Stores Officer Barbie Cameron, who currently reports to Mitchell, will report to Chief Executive Tony Spring, effective June 22. Maly Bernstein, CEO of Bluemercury, will roll up to Bloomingdale's chief Olivier Bron, beginning May 1.

"With these changes, we complete a purposeful evolution of the Macy's, Inc. leadership team and I am confident that we have the right talent to support the return of Macy's, Inc. to enterprise growth," Spring said in a statement.

Last year, Macy's announced a strategy to deliver sustainable profitability.

Capri separately announced the departure of Edwards, effective June 20. Rajal Mehta, the finance chief at Michael Kors, will become interim CFO at Capri.

Last month, Macy's (M) said that its fiscal fourth-quarter results dropped annually. The company on Tuesday affirmed its guidance for the fiscal first quarter.

Mitchell said during last month's earnings call that the company expected first-quarter adjusted earnings per share of $0.12 to $0.15 and net sales of $4.4 billion to $4.5 billion, according to a FactSet transcript. The guidance indicates weaker results versus a year ago. The Street is looking for $0.14 in adjusted EPS and $4.4 billion in revenue.

"Our guidance takes into account the unusual external circumstances of the quarter thus far and the assumption that pressure will continue for the remainder of the quarter," Mitchell said on the call.

Also last month, the company said it was looking at full-year adjusted EPS of $2.05 to $2.25 on sales of $21 billion to $21.4 billion. Analysts expect $2.10 and $21.09 billion, respectively.

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