In his first Executive Decision segment of "Mad Money" Tuesday, Jim Cramer spoke with Jeff Gennette, chairman and CEO of Macy's Inc. (M) , the iconic department store chain that has been reinventing itself since the pandemic began.
Gennette said Macy's has been listening to its customers and transforming itself accordingly. It has added loyalty programs, personalization and new product categories to its offerings as well as new payment and delivery options.
When it comes to Macy's real estate, Gennette admitted that malls have been under pressure, but he said Macy's stores are in the best malls and those that are not closing.
Finally, when asked about the Macy's Thanksgiving Day parade, Gennette said the parade will go on this year, but it will not be live. He said the parade will have a new format and different types of talent, but the Thanksgiving event will still be a part of America's holiday celebrations.
Let's check out the charts of M to see if investors will have anything to celebrate.