NEW YORK -- Theodore Ronick, president of Macy Product Development, with responsibility for men's wear, has retired.

Ronick, 60, is a 38-year veteran of Macy's. He started in the executive training squad in 1955 and rose to chairman of the corporate buying division in 1985. A year later, he became a member of Macy's board.

In April 1992, about three months after Macy's went bankrupt, Ronick was removed from the board, along with five other members. Later, in a realignment of the corporate buying and product development division, his title was changed to chairman of marketing of corporate brands and subsequently president of merchandising, with responsibility for men's wear.

"Under his leadership, Macy's increased the volume of its private label merchandise substantially while almost doubling the number of foreign offices," said Myron E. Ullman, Macy's chairman and chief executive officer, in a statement. He added that Ronick has "a great feel and instinct for merchandise" and will serve as a consultant to Macy's.

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