What: Bloomingdale’s is searching for a new chief executive officer, but it isn’t an easy position to fill.

Why it is important: Finding someone to run an upscale department store is challenging as the industry is short on talent and leadership.

The department store’s ideal candidate would be someone with a broad background who has experience in department stores, digital and luxury, which is a rare blend.

There’s a small talent pool of highly qualified retail leaders to draw from, raising the possibility that someone from specialty retail or outside the retail industry could be the right fit for the role. Additionally, Macy’s Inc. has confirmed there’s no one inside to fill the position.

According to a source close to Macy’s Inc., the retailer needs someone who has a strong understanding of the omnichannel and upscale contemporary consumer.

A general business manager with operational skills who can expand a business, grow digital, prioritize initiatives and navigate the market in addition to having an appreciation for the brand will be the ideal candidate.

Contemplating a CEO for Bloomingdale’s