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Marvin Traub, one of retail's most famous merchants, died at his home inNew York City on Wednesday, at the age of 87. During his 41 years in fashion, Traubtook Bloomingdale's from an ordinary department store to an upscale shoppingdestination, and was best known for his merchandising and marketing expertise.Traub became president in 1969 and retired from his position as Bloomingdales CEO in 1991. He made his mark by bringing glamour and sex appeal toBloomingdales and launched the careers of Ralph Lauren, Donna Karen and Tommy Hilfiger. Traub had been battling bladder cancer and was hospitalized earlier this month.On this news, Macy's opened today at $32.90, In the past year, the stock has hit a 52-week low of $22.66 and 52-week high of $42.17. It's currently trading down -0.53 at 32.62.
|Bloomingdales Mogul Dies at Age 87.mp4|
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