Content about Terry Lundgren

March 31, 2014

Jeffrey Gennette will take on the new role of president at Macy's after serving the past five years as the department store retailer’s chief merchandising officer.

January 8, 2014

Macy’s rocked the retail world late Wednesday announcing record holiday sales and elevating its profit forecast while simultaneously cutting 2,500 jobs and detailing plans to close five stores.

November 13, 2013

A tepid economic climate and government shutdown weren’t enough to prevent Macy’s from producing a 3.5% third quarter same store sale increase and better than expected profits which prompted the department store operator to reiterate it full year financial forecast.

August 14, 2013

Disappointing second quarter sales at Macy’s prompted the nation’s leading department store operator to temper its outlook for the remainder of the year, heightening concerns about the health of the consumer just as other major retailers are due to report financial results in the weeks ahead.

February 26, 2013

Macy's reported fourth-quarter sales and earnings growth that exceeded company expectations, prompting it to issue new guidance for 2013.

February 26, 2013

Terry Lundgren, CEO of Macy’s, took the stand on Monday to testify in the trial of two Macy's lawsuits regarding the deal between JCPenney and Martha Stewart Living Omnimedia Inc. The long-awaited trial began last Wednesday, in New York Supreme Court.

February 7, 2013

Department store retailers reported strong sales in January as shoppers responded positively to post-holiday clearance events.

January 25, 2013

The National Father’s Day Council, a nonprofit that recognizes modern day role model fathers, has named Terry Lundgren, chairman, president and CEO of Macy’s Inc., as a recipient of its 2013 "Father of the Year" Award.

January 8, 2013

Procter & Gamble name Macy’s chairman, president and CEO Terry Lundgren as the newest member of its board of directors.

July 5, 2012

Analysts expected 18 top retail chains to report a modest gains in June, as high unemployment and falling consumer confidence have taken a toll on spending.

May 16, 2012

Tanna Dang, co-owner of the Eden in Love boutique in Honolulu, Hawaii was awarded the top $25,000 prize in the National Retail Federation’s inaugural “This is Retail” video contest.

February 2, 2012

Macy’s Inc. announced that Peter Sachse, the company's chief marketing officer and chairman of Macys.com, will succeed Ron Klein as chief stores officer, effective Feb. 13.

December 5, 2011

Target's flat apparel and accessories for the month of November reflected a mixed sales environment across the department-store and specialty-apparel sectors as the economy continues to affect discretionary spending.

September 26, 2011

While research groups are predicting various results for holiday spending, such retailers as Macy's Inc. are hoping that expectations for increased spending will prove to be right and are boosting seasonal hiring in preparation.

September 6, 2011

Terry Lundgren, CEO of Macy’s, has been appointed to the Federal Reserve Bank of New York board of directors.

July 7, 2011

Department-store retailers turned out solid sales results in June, despite concerns about consumers cutting back on spending.

February 22, 2011

Macy’s reported Tuesday that net income jumped 50% in the fourth quarter ended Jan. 29, and projected its full-year profit would meet Wall Street expectations.

February 3, 2011

Dillard’s was the clear winner in the department store category in January, posting a same-store sales increase of 6%, which edged results from both Macy’s and Saks.

January 4, 2011

Macy's Inc. has announced a series of organizational expansions, totaling approximately 725 new positions over the next two years, to support the growth of macys.com and bloomingdales.com.

November 9, 2010

Macy’s Inc. reported that earnings were 2 cents per diluted share for the third quarter...

September 22, 2010

Macy’s Inc. said it plans to hire approximately 65,000 seasonal associates in its stores, call...

August 10, 2010

Macy's reported earnings of 35 cents per diluted share for the second quarter of 2010, ended July 31 ......

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