Terry Lundgren

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4h
San Francisco Chronicle
Macy's is adopting a strategy from more than 100 years ago to save its businessMacy's is closing dozens of stores amid an overall decline in department store
Macy's is adopting a strategy from more than 100 years ago to save its business
San Francisco Chronicle / Posted 4 hours ago
Macy's is closing dozens of stores amid an overall decline in department store shopping And now, the retailer might be turning to a century-old strategy to drive sales: opening restaurants, retail expert Warren Shoulberg writes on industry website... Read more
3 related stories
4h
Business Insider
Macy's is adopting a strategy from more than 100 years ago to save its businessAnd now, the retailer might be turning to a century-old strategy to drive sales
Macy's is adopting a strategy from more than 100 years ago to save its business
Business Insider / Posted 4 hours ago
And now, the retailer might be turning to a century-old strategy to drive sales: opening restaurants, retail expert Warren Shoulberg writes on industry website The Robin Report. Macy's has an upscale Italian restaurant called Stella 34 Trattoria at... Read more
3 related stories
4h
Stamford Advocate
Macy's is adopting a strategy from more than 100 years ago to save its businessMacy's is closing dozens of stores amid an overall decline in department store
Macy's is adopting a strategy from more than 100 years ago to save its business
Stamford Advocate / Posted 4 hours ago
Macy's is closing dozens of stores amid an overall decline in department store shopping And now, the retailer might be turning to a century-old strategy to drive sales: opening restaurants, retail expert Warren Shoulberg writes on industry website... Read more
3 related stories
4h
Connecticut Post
Macy's is adopting a strategy from more than 100 years ago to save its businessMacy's is closing dozens of stores amid an overall decline in department store
Macy's is adopting a strategy from more than 100 years ago to save its business
Connecticut Post / Posted 4 hours ago
Macy's is closing dozens of stores amid an overall decline in department store shopping And now, the retailer might be turning to a century-old strategy to drive sales: opening restaurants, retail expert Warren Shoulberg writes on industry website... Read more
3 related stories
8d
FOX Business
Macy's Names New Merchandising HeadMacy's Inc. named Peter Sachse new chief growth officer, the company said Monda
Macy's Names New Merchandising Head
FOX Business / Posted 8 days ago
Macy's Inc. named Peter Sachse new chief growth officer, the company said Monday. Sachse, who was chief innovation and business development officer for the past year, will oversee merchandising for Macy's, off-price retailer Macy's Backstage, luxury... Read more
3 related stories
8d
FOX Business
Macy's Names New Merchandising HeadMacy's Inc. named Peter Sachse new chief growth officer, the company said Monda
Macy's Names New Merchandising Head
FOX Business / Posted 8 days ago
Macy's Inc. named Peter Sachse new chief growth officer, the company said Monday. Sachse, who was chief innovation and business development officer for the past year, will oversee merchandising for Macy's, off-price retailer Macy's Backstage, luxury... Read more
3 related stories
8d
Market Watch
Macy's names new merchandising headMacy's Inc. M, +1.21% named Peter Sachse new chief growth officer, the company
Macy's names new merchandising head
Market Watch / Posted 8 days ago
Macy's Inc. M, +1.21% named Peter Sachse new chief growth officer, the company said Monday. Sachse, who was chief innovation and business development officer for the past year, will oversee merchandising for Macy's, off-price retailer Macy's... Read more
3 related stories
11d
Crain's New York Business
Macy's will spend $100 million making over outdated downtown Brooklyn storeMacy's Fulton Street store in downtown Brooklyn will get a face-lift. Macy's d
Macy's will spend $100 million making over outdated downtown Brooklyn store
Crain's New York Business / Posted 11 days ago
Macy's Fulton Street store in downtown Brooklyn will get a face-lift. Macy's downtown Brooklyn store is shrinking—and getting an upgrade in the process. The department-store chain plans to retain four of the nine floors of its Fulton Street site.... Read more
7 related stories
15d
TheStreet.com
Why Macy’s (MGreenlight announced that a private equity firm may partner with a real estate
Why Macy’s (M
TheStreet.com / Posted 15 days ago
Greenlight announced that a private equity firm may partner with a real estate investment trust to buy the retailer, Bloomberg reports. Macy's rejected the idea of becoming a REIT last year, but it could make more sense now since its stock price has... Read more
20d
Stamford Advocate
Consumer and retail news: 10 things you need to know today1. Macy's announced the end of department stores as we know them CEO Terry Lund
Consumer and retail news: 10 things you need to know today
Stamford Advocate / Posted 20 days ago
1. Macy's announced the end of department stores as we know them CEO Terry Lundgren said that the brand is planning to put some of the "Backstage" stores in its existing retail locations this year, according to CNBC. The stores will sell brands... Read more
20d
Connecticut Post
Consumer and retail news: 10 things you need to know today1. Macy's announced the end of department stores as we know them CEO Terry Lund
Consumer and retail news: 10 things you need to know today
Connecticut Post / Posted 20 days ago
1. Macy's announced the end of department stores as we know them CEO Terry Lundgren said that the brand is planning to put some of the "Backstage" stores in its existing retail locations this year, according to CNBC. The stores will sell brands... Read more
20d
Yahoo News
Macy's just announced the end of department stores as we know them Macy's Herald Square store on Black Friday on November 26, 2015. In the near
Macy's just announced the end of department stores as we know them
Yahoo News / Posted 20 days ago
Macy's Herald Square store on Black Friday on November 26, 2015. In the near future, Macy's stores could turn into discount outlets. CEO Terry Lundgren told CNBC that the brand is... Read more
21d
Business Insider
Macy's just announced the end of department stores as we know themCEO Terry Lundgren told CNBC that the brand is planning to put some of the "Bac
Macy's just announced the end of department stores as we know them
Business Insider / Posted 21 days ago
CEO Terry Lundgren told CNBC that the brand is planning to put some of the "Backstage" stores in its existing retail locations this year. The stores will sell Macy's brands at steeply discounted prices — up to 80% off. This model copies highly... Read more
21d
Chicago Tribune
Consumers are buying experiences instead of stuffMacy's, Urban Outfitters, Bed Bath & Beyond and others this month reported ring
Consumers are buying experiences instead of stuff
Chicago Tribune / Posted 21 days ago
Macy's, Urban Outfitters, Bed Bath & Beyond and others this month reported ringing up weak sales during the holiday shopping season, capping a tepid year that many in retail attributed to cautious consumers who are not ready to forget the lessons of... Read more
3 related stories
21d
Chicago Tribune
Macy's CEO says State Street store could be used to test 'new ideas'Macy's Chief Executive Terry Lundgren said Tuesday that the State Street store
Macy's CEO says State Street store could be used to test 'new ideas'
Chicago Tribune / Posted 21 days ago
Macy's Chief Executive Terry Lundgren said Tuesday that the State Street store in Chicago is one of his favorites and could be used as a testing ground for "new ideas" as the retailer struggles. Macy's is under pressure to sell real estate in... Read more
22d
TheStreet.com
Macy's CEO: 'I don't see a recession'With stock markets plunging globally to start the new year amid concerns about
Macy's CEO: 'I don't see a recession'
TheStreet.com / Posted 22 days ago
With stock markets plunging globally to start the new year amid concerns about slowing growth in China and plunging oil prices, fears of a U.S. recession occurring sometime in 2016 has begun to creep up in the minds of investors. According to CNBC's... Read more
22d
TheStreet.com
Struggling Macy's Just Brought In a Billion Dollars OnlineMacy's generated its first billion-dollar month of sales from its digital platf
Struggling Macy's Just Brought In a Billion Dollars Online
TheStreet.com / Posted 22 days ago
Macy's generated its first billion-dollar month of sales from its digital platforms in December, said Yasir Anwar, group vice president of digital technology for Macy's and Bloomingdale's. Anwar, speaking Sunday at the annual National Retail... Read more
22d
The Norwich Bulletin
Consumers are buying experiences instead of stuffWASHINGTON - Macy's, Urban Outfitters, Bed Bath & Beyond and others this month
Consumers are buying experiences instead of stuff
The Norwich Bulletin / Posted 22 days ago
WASHINGTON - Macy's, Urban Outfitters, Bed Bath & Beyond and others this month reported ringing up weak sales during the holiday shopping season, capping a tepid year that many in retail attributed to cautious consumers who are not ready to forget... Read more
3 related stories
22d
Orlando Sentinel
Consumers are buying experiences instead of stuffMacy's, Urban Outfitters, Bed Bath & Beyond and others this month reported ring
Consumers are buying experiences instead of stuff
Orlando Sentinel / Posted 22 days ago
Macy's, Urban Outfitters, Bed Bath & Beyond and others this month reported ringing up weak sales during the holiday shopping season, capping a tepid year that many in retail attributed to cautious consumers who are not ready to forget the lessons of... Read more
3 related stories
28d
TheStreet.com
Macy's (M) Stock Gains on Starboard Value's Real Estate PlanThe Cincinnati-based retailer should pursue separate joint ventures for its mal
Macy's (M) Stock Gains on Starboard Value's Real Estate Plan
TheStreet.com / Posted 28 days ago
The Cincinnati-based retailer should pursue separate joint ventures for its mall locations and for iconic properties, the firm said in a letter on Monday. Starboard estimates that the retailer's real estate assets are worth $21 billion, which means... Read more
50 related stories
29d
GlobeSt.com
Starboard Pushes Macy’s to Form JVsMacy's has 407 owned mall locations. NEW YORK CITY�Asserting that the retailer
Starboard Pushes Macy’s to Form JVs
GlobeSt.com / Posted 29 days ago
Macy's has 407 owned mall locations. NEW YORK CITY�Asserting that the retailer�s property assets are worth $21 billion by themselves, activist investor Starboard Value LP is pressuring Macy�s Inc. to split its real estate into two or more joint... Read more
1m
Arkansas Democrat-Gazette
Macy's ills bad omen for all retailMacy's poor Christmas sales could be an early sign of trouble for the retail in
Macy's ills bad omen for all retail
Arkansas Democrat-Gazette / Posted a month ago
Macy's poor Christmas sales could be an early sign of trouble for the retail industry, retail analysts say. After a disappointing November and December, the department store chain said it was cutting 4,800 jobs and closing 40 stores. The travails... Read more
2 related stories
m
The Gourmet Retailer
After Disappointing Q4, Macy’s Unveils RestructuringAfter a disappointing holiday shopping season in its brick-and-mortar departmen
After Disappointing Q4, Macy’s Unveils Restructuring
The Gourmet Retailer / Posted 1 months ago
After a disappointing holiday shopping season in its brick-and-mortar department stores, Macy’s Inc. will close 40 locations and fire 4,800 employees. In November and December, same-store sales dropped 5.2 percent in its company-owned... Read more
83 related stories
m
Baltimore Sun
Macy's woes could signal trouble for retailersMacy's poor holiday showing could be an early sign of trouble for the retail in
Macy's woes could signal trouble for retailers
Baltimore Sun / Posted 1 months ago
Macy's poor holiday showing could be an early sign of trouble for the retail industry. After a disappointing November and December, the department store chain said it was slashing 4,800 jobs and closing 40 stores, including a shop at the Irvine... Read more
2 related stories
m
Los Angeles Times
Macy's woes could signal trouble for retailersMacy's poor holiday showing could be an early sign of trouble for the retail in
Macy's woes could signal trouble for retailers
Los Angeles Times / Posted 1 months ago
Macy's poor holiday showing could be an early sign of trouble for the retail industry. After a disappointing November and December, the department store chain said it was slashing 4,800 jobs and closing 40 stores, including a shop at the Irvine... Read more
2 related stories
m
Bankrate.com
Is your Macy’s store closing?First come the holiday season sales, then the after-Christmas sales -- and then
Is your Macy’s store closing?
Bankrate.com / Posted 1 months ago
First come the holiday season sales, then the after-Christmas sales -- and then, typically, the store-closing sales, as retailers take stock following the holidays and shutter their locations that performed the weakest. Department store giant Macy's... Read more
2 related stories
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Crain's Chicago Business
Macy's cave may not go deep enoughWell, that didn't take long. Macy's sales got creamed during the recent holida
Macy's cave may not go deep enough
Crain's Chicago Business / Posted 1 months ago
Well, that didn't take long. Macy's sales got creamed during the recent holidays, causing the department store to lower its fourth-quarter and full-year sales guidance on Wednesday and usher in big cost-cutting measures. It said it would fire or... Read more
43 related stories
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Providence Business News
Macy’s plans to cut jobs as sales tumble more than forecastNEW YORK - Macy’s Inc. will fire or relocate about 3,000 workers and explore op
Macy’s plans to cut jobs as sales tumble more than forecast
Providence Business News / Posted 1 months ago
NEW YORK - Macy’s Inc. will fire or relocate about 3,000 workers and explore options for its real estate after the largest U.S. department-store company suffered a worse holiday period than it expected. The company is cutting staffing levels and... Read more
86 related stories
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TheStreet.com
J.C. Penney ripped Macy’s to shreds this holiday seasonOn Thursday, J.C. Penney shared that same-store sales, which are sales from sto
J.C. Penney ripped Macy’s to shreds this holiday season
TheStreet.com / Posted 1 months ago
On Thursday, J.C. Penney shared that same-store sales, which are sales from stores open longer than a year, for November and December rose 3.9%. Of note, J.C. Penney said same-store sales growth quickened in December compared to November. The company... Read more
43 related stories
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York Daily Record
Macy's announces layoffs, lists 36 store closuresOn Wednesday Cincinnati-based Macy's stated that sales fell over 5% through Nov
Macy's announces layoffs, lists 36 store closures
York Daily Record / Posted 1 months ago
On Wednesday Cincinnati-based Macy's stated that sales fell over 5% through November and December at the chain's department stores. USA TODAY The retailer announced Wednesday the locations of 36 stores closing across the U.S. See the list... Read more
43 related stories
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TheStreet.com
Global Markets are Selling off, China Stocks Halted Again Chinese shares plummeted 7% in just 30 minutes of trading, triggering circuit
Global Markets are Selling off, China Stocks Halted Again
TheStreet.com / Posted 1 months ago
Chinese shares plummeted 7% in just 30 minutes of trading, triggering circuit breakers and causing the shortest trading day in Chinese stock market history. It's the second time this week,... Read more
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Crain's New York Business
Macy's to shutter 40 storesMacy's will close 40 stores and fire or reassign more than 3,500 people after p
Macy's to shutter 40 stores
Crain's New York Business / Posted 1 months ago
Macy's will close 40 stores and fire or reassign more than 3,500 people after posting worse-than-expected holiday sales. In a release, Cincinnati-based Macy's said it will cut three to four sales jobs in each of its 770 Macy's and Bloomingdale... Read more
2 related stories
m
thebee
Macy's Cutting 4,800 Jobs And Closing 40 StoresMacy's has announced it is cutting up to 4,800 jobs and closing 40 stores after
Macy's Cutting 4,800 Jobs And Closing 40 Stores
thebee / Posted 1 months ago
Macy's has announced it is cutting up to 4,800 jobs and closing 40 stores after a miserable holiday season. America's largest department store chain, which also operates Bloomingdale's, blamed the move on a shift to online shopping after a 5.2% drop... Read more
86 related stories

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