Terry Lundgren

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9d
CBS News
U.S. retailers have a "ridiculous" problemWhen Macy’s (M) CEO Terry Lundgren appeared on CNBC last week to discuss his co
U.S. retailers have a "ridiculous" problem
CBS News / Posted 9 days ago
When Macy’s (M) CEO Terry Lundgren appeared on CNBC last week to discuss his company’s plans to shutter 100 stores, he noted that the U.S. has a “ridiculous” amount of retail space, equaling about 7.3 square feet per capita. That’s well in excess of... Read more
13d
Fortune
These Top Hedge Funds Are Dumping Their Macy’s Stockpossibilities as well as adding a real estate expert to its board. And in June,
These Top Hedge Funds Are Dumping Their Macy’s Stock
Fortune / Posted 13 days ago
possibilities as well as adding a real estate expert to its board. And in June, Macy’s announced that its long-serving CEO, Terry Lundgren, would soon step down as the company seeks to curb sales declines and start growing again. But some investors... Read more
13d
Crain's New York Business
Macy's plans to shutter more stores as shoppers move onlineSecond-quarter profit and revenue topped analysts' estimates as new sales event
Macy's plans to shutter more stores as shoppers move online
Crain's New York Business / Posted 13 days ago
Second-quarter profit and revenue topped analysts' estimates as new sales events drew shoppers. Chief Executive Officer Terry Lundgren is looking to secure his legacy before handing the reins over to his successor, President Jeff Gennette, in... Read more
14d
Lowell Sun
Traditional retailers seek recipe for reboundto build further on Macy's heritage as a preferred shopping destination for fas
Traditional retailers seek recipe for rebound
Lowell Sun / Posted 14 days ago
to build further on Macy's heritage as a preferred shopping destination for fashion, quality, value and convenience," said Terry Lundgren, chairman and outgoing CEO of Macy's Inc. Macy's was a stellar performer after the Great Recession but has... Read more
95 related stories
15d
Detroit Free Press
Malls feel the heat as Macy's, other chains close storesstore cuts, with thousands of jobs at stake, are painful. "The reality is the
Malls feel the heat as Macy's, other chains close stores
Detroit Free Press / Posted 15 days ago
store cuts, with thousands of jobs at stake, are painful. "The reality is the United States is over-stored," Macy's CEO Terry Lundgren told Bloomberg TV. "It's pure facts. We're getting in front of what we know is a trend that's been occurring... Read more
67 related stories
15d
USA Today
Malls feel the heat as Macy's, other chains close storesstore cuts, with thousands of jobs at stake, are painful. "The reality is the
Malls feel the heat as Macy's, other chains close stores
USA Today / Posted 15 days ago
store cuts, with thousands of jobs at stake, are painful. "The reality is the United States is over-stored," Macy's CEO Terry Lundgren told Bloomberg TV. "It's pure facts. We're getting in front of what we know is a trend that's been occurring... Read more
67 related stories
16d
Crain's Chicago Business
What's behind Macy's plan to chop 14 percent of its stores?to build further on Macy's heritage as a preferred shopping destination for fas
What's behind Macy's plan to chop 14 percent of its stores?
Crain's Chicago Business / Posted 16 days ago
to build further on Macy's heritage as a preferred shopping destination for fashion, quality, value and convenience," said Terry Lundgren, chairman and chief executive officer of Macy's, in a statement. He noted that this means doing things... Read more
65 related stories
16d
Market Watch
Will Macy’s store closures lead to more than $1 billion in lost sales?where we reinvest in our business for growth,” said Jeff Gennette, Macy’s presi
Will Macy’s store closures lead to more than $1 billion in lost sales?
Market Watch / Posted 16 days ago
where we reinvest in our business for growth,” said Jeff Gennette, Macy’s president and the successor to Chief Executive Terry Lundgren, who will step down in the first quarter of 2017. “In the short term, our company’s topline sales will be... Read more
16d
Sun-Sentinel
Macy's will close 100 stores nationwidethat portends a stronger future for Macy's. In some ways, it should not come a
Macy's will close 100 stores nationwide
Sun-Sentinel / Posted 16 days ago
that portends a stronger future for Macy's. In some ways, it should not come as a surprise that Macy's is slashing stores. Terry Lundgren, the retailer's chief executive, has said before that the chain simply had too many stores. Executives have... Read more
199 related stories
16d
Market Watch
Macy's to shutter 15% of stores and cut jobscomes on top of 40 closures Macy's announced earlier this year. "We operate in
Macy's to shutter 15% of stores and cut jobs
Market Watch / Posted 16 days ago
comes on top of 40 closures Macy's announced earlier this year. "We operate in a fast-changing world," said Chief Executive Terry Lundgren, and "this involves doing things differently and making tough decisions." Mr. Lundgren said most of the... Read more
95 related stories
16d
Arkansas Democrat-Gazette
Retailers chase consumer desiresto build further on Macy's heritage as a preferred shopping destination for fas
Retailers chase consumer desires
Arkansas Democrat-Gazette / Posted 16 days ago
to build further on Macy's heritage as a preferred shopping destination for fashion, quality, value and convenience," said Terry Lundgren, chairman and outgoing CEO of Macy's Inc. Macy's had been a strong retail performer after the recession but... Read more
95 related stories
17d
The Seattle Times
Department stores hope to recapture appeal, transform into destinationsto build further on Macy’s heritage as a preferred shopping destination for fas
Department stores hope to recapture appeal, transform into destinations
The Seattle Times / Posted 17 days ago
to build further on Macy’s heritage as a preferred shopping destination for fashion, quality, value and convenience,” said Terry Lundgren, chairman and outgoing CEO. Macy’s had been a stellar performer after the Great Recession but has seen slower... Read more
95 related stories
17d
TribLIVE
Retailers bring offerings shoppers can’t find online in fight to restore foot trafficto build further on Macy's heritage as a preferred shopping destination for fas
Retailers bring offerings shoppers can’t find online in fight to restore foot traffic
TribLIVE / Posted 17 days ago
to build further on Macy's heritage as a preferred shopping destination for fashion, quality, value and convenience,” said Terry Lundgren, chairman and outgoing CEO of Macy's Inc. The changes come against the backdrop of declining sales and... Read more
95 related stories
17d
FOX Business
Stock Market Today: Why Macy's and Shake Shack Made Big Movesquarter, implying that outright growth isn't far off. "We have been saying tha
Stock Market Today: Why Macy's and Shake Shack Made Big Moves
FOX Business / Posted 17 days ago
quarter, implying that outright growth isn't far off. "We have been saying that a setback is a setup for a comeback," CEO Terry Lundgren said in a press release, "and we now believe we are set up well to proceed to a comeback." In addition to the... Read more
4 related stories
17d
FOX Business
Stock Market Today: Why Macy's and Shake Shack Made Big Movesquarter, implying that outright growth isn't far off. "We have been saying tha
Stock Market Today: Why Macy's and Shake Shack Made Big Moves
FOX Business / Posted 17 days ago
quarter, implying that outright growth isn't far off. "We have been saying that a setback is a setup for a comeback," CEO Terry Lundgren said in a press release, "and we now believe we are set up well to proceed to a comeback." In addition to the... Read more
4 related stories
17d
FOX 43 Harrisburg
Macy’s is closing another 100 storesin a fast-changing world, and our company is moving forward decisively to build
Macy’s is closing another 100 stores
FOX 43 Harrisburg / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy’s heritage,” Macy’s CEO Terry Lundgren said in a statement. Macy’s said the store closures could result in the loss of about $1 billion in sales,... Read more
67 related stories
17d
TribLIVE
Macy’s to close 100 storesfrom the same period last year. In some ways, it should not come as a surprise
Macy’s to close 100 stores
TribLIVE / Posted 17 days ago
from the same period last year. In some ways, it should not come as a surprise that Macy's is closing more locations. Terry Lundgren, the retailer's chief executive, has said that the chain simply had too many stores for an era in which... Read more
199 related stories
17d
CBS News
A sign of the times? Macy's closing another 100 storesprofitability in most cases have been declining steadily in recent years," Macy
A sign of the times? Macy's closing another 100 stores
CBS News / Posted 17 days ago
profitability in most cases have been declining steadily in recent years," Macy's President Jeff Gennette, who will succeed Terry Lundgren as chief executive officer next year, said in a news release. "These locations do not yield an adequate return... Read more
67 related stories
17d
Crain's New York Business
Macy's plans to shutter more stores as more shoppers move onlineSecond-quarter profit and revenue topped analysts' estimates as new sales event
Macy's plans to shutter more stores as more shoppers move online
Crain's New York Business / Posted 17 days ago
Second-quarter profit and revenue topped analysts' estimates as new sales events drew shoppers. Chief Executive Officer Terry Lundgren is looking to secure his legacy before handing the reins over to his successor, President Jeff Gennette, in... Read more
199 related stories
17d
USA Today
Retail stocks skyrocket, led by Macy'san announcement by Macy's that it would close 100, or nearly 15%, of its 728 st
Retail stocks skyrocket, led by Macy's
USA Today / Posted 17 days ago
an announcement by Macy's that it would close 100, or nearly 15%, of its 728 stores in early 2017, a move that Macy's CEO Terry Lundgren says was a "proactive" step to jumpstart growth going forward and focus more aggressively on sales generated... Read more
65 related stories
17d
Local 10 Miami
Macy's is closing another 100 storesin a fast-changing world, and our company is moving forward decisively to build
Macy's is closing another 100 stores
Local 10 Miami / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy's heritage," Macy's CEO Terry Lundgren said in a statement. Macy's said the store closures could result in the loss of about $1 billion in sales,... Read more
67 related stories
17d
Fortune
Why Macy's and other department stores are having a terrible weekcases have been declining steadily in recent years,” said Jeff Gennette, Macy’s
Why Macy's and other department stores are having a terrible week
Fortune / Posted 17 days ago
cases have been declining steadily in recent years,” said Jeff Gennette, Macy’s president. Gennette has been current CEO Terry Lundgren in the first quarter of 2017. “We recognize that these locations do not yield an adequate return on investment... Read more
12 related stories
17d
KTXS Abilene
Macy's is closing another 100 storesin a fast-changing world, and our company is moving forward decisively to build
Macy's is closing another 100 stores
KTXS Abilene / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy's heritage," Macy's CEO Terry Lundgren said in a statement. Macy's said the store closures could result in the loss of about $1 billion in sales,... Read more
67 related stories
17d
KEYT 3 Santa Barbara
Macy's to close another 100 stores by 2017in a fast-changing world, and our company is moving forward decisively to build
Macy's to close another 100 stores by 2017
KEYT 3 Santa Barbara / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy's heritage," Macy's CEO Terry Lundgren said in a statement. Macy's said the store closures could result in the loss of about $1 billion in sales,... Read more
67 related stories
17d
WMTW Portland
Macy's to close another 100 stores by 2017in a fast-changing world, and our company is moving forward decisively to build
Macy's to close another 100 stores by 2017
WMTW Portland / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy's heritage," Macy's CEO Terry Lundgren said in a statement. Macy's said the store closures could result in the loss of about $1 billion in sales,... Read more
67 related stories
17d
KOCO 5 Oklahoma City
Macy's to close another 100 stores by 2017in a fast-changing world, and our company is moving forward decisively to build
Macy's to close another 100 stores by 2017
KOCO 5 Oklahoma City / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy's heritage," Macy's CEO Terry Lundgren said in a statement. Macy's said the store closures could result in the loss of about $1 billion in sales,... Read more
67 related stories
17d
WJXT Jacksonville
Macy's is closing another 100 storesin a fast-changing world, and our company is moving forward decisively to build
Macy's is closing another 100 stores
WJXT Jacksonville / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy's heritage," Macy's CEO Terry Lundgren said in a statement. Macy's said the store closures could result in the loss of about $1 billion in sales,... Read more
67 related stories
17d
KRCR TV Redding
Macy's is closing another 100 storesin a fast-changing world, and our company is moving forward decisively to build
Macy's is closing another 100 stores
KRCR TV Redding / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy's heritage," Macy's CEO Terry Lundgren said in a statement. Macy's said the store closures could result in the loss of about $1 billion in sales,... Read more
67 related stories
17d
New York Post
Wall Street cheers Macy’s plan to close 100 storesup its digital bona fides. “We now believe we are set up well to proceed to a
Wall Street cheers Macy’s plan to close 100 stores
New York Post / Posted 17 days ago
up its digital bona fides. “We now believe we are set up well to proceed to a comeback,” said Macy’s Chairman and CEO Terry Lundgren in a statement. “Our sales strengthened month-by-month throughout the second quarter. This trend improvement... Read more
95 related stories
17d
WMUR New Hampshire
Macy's to close another 100 stores by 2017in a fast-changing world, and our company is moving forward decisively to build
Macy's to close another 100 stores by 2017
WMUR New Hampshire / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy's heritage," Macy's CEO Terry Lundgren said in a statement. Macy's said the store closures could result in the loss of about $1 billion in sales,... Read more
67 related stories
17d
KESQ Palm Springs
Macy's to close another 100 stores by 2017in a fast-changing world, and our company is moving forward decisively to build
Macy's to close another 100 stores by 2017
KESQ Palm Springs / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy's heritage," Macy's CEO Terry Lundgren said in a statement. Macy's said the store closures could result in the loss of about $1 billion in sales,... Read more
67 related stories
17d
WGAL 8 Susquehanna Valley
Macy's to close another 100 stores by 2017in a fast-changing world, and our company is moving forward decisively to build
Macy's to close another 100 stores by 2017
WGAL 8 Susquehanna Valley / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy's heritage," Macy's CEO Terry Lundgren said in a statement. Macy's said the store closures could result in the loss of about $1 billion in sales,... Read more
67 related stories
17d
FOX 31 Denver
Macy’s to close another 100 storesin a fast-changing world, and our company is moving forward decisively to build
Macy’s to close another 100 stores
FOX 31 Denver / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy’s heritage,” Macy’s CEO Terry Lundgren said in a statement. Macy’s said the store closures could result in the loss of about $1 billion in sales,... Read more
67 related stories
17d
Orange County Register
Macy's to close 100 stores but isn't saying which onesthat portends a stronger future for Macy's. In some ways, it should not come a
Macy's to close 100 stores but isn't saying which ones
Orange County Register / Posted 17 days ago
that portends a stronger future for Macy's. In some ways, it should not come as a surprise that Macy's is slashing stores. Terry Lundgren, the retailer's chief executive, has said before that the chain simply had too many stores. Executives have... Read more
199 related stories
17d
WLWT-TV Cincinnati
Macy's to close another 100 stores by 2017in a fast-changing world, and our company is moving forward decisively to build
Macy's to close another 100 stores by 2017
WLWT-TV Cincinnati / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy's heritage," Macy's CEO Terry Lundgren said in a statement. Macy's said the store closures could result in the loss of about $1 billion in sales,... Read more
67 related stories
17d
The Kitsap Sun
Macy's to close 100 stores as big-box retailer shrinks furtherin our most productive and highest-potential locations," he said in a statement
Macy's to close 100 stores as big-box retailer shrinks further
The Kitsap Sun / Posted 17 days ago
in our most productive and highest-potential locations," he said in a statement. Gennette is set to take the CEO post from Terry Lundgren in early 2017. The closures are generally seen as a good idea by analysts who follow the company, because... Read more
199 related stories
17d
Wichita Falls Times Record News
Macy's to close 100 stores as big-box retailer shrinks furtherin our most productive and highest-potential locations," he said in a statement
Macy's to close 100 stores as big-box retailer shrinks further
Wichita Falls Times Record News / Posted 17 days ago
in our most productive and highest-potential locations," he said in a statement. Gennette is set to take the CEO post from Terry Lundgren in early 2017. The closures are generally seen as a good idea by analysts who follow the company, because... Read more
199 related stories
17d
The Record Searchlight
Macy's to close 100 stores as big-box retailer shrinks furtherin our most productive and highest-potential locations," he said in a statement
Macy's to close 100 stores as big-box retailer shrinks further
The Record Searchlight / Posted 17 days ago
in our most productive and highest-potential locations," he said in a statement. Gennette is set to take the CEO post from Terry Lundgren in early 2017. The closures are generally seen as a good idea by analysts who follow the company, because... Read more
199 related stories
17d
FOX40 Sacramento
Macy’s is Closing Another 100 Storesin a fast-changing world, and our company is moving forward decisively to build
Macy’s is Closing Another 100 Stores
FOX40 Sacramento / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy’s heritage,” Macy’s CEO Terry Lundgren said in a statement. Macy’s said the store closures could result in the loss of about $1 billion in sales,... Read more
67 related stories
17d
Dallas Morning News
Macy's plans to close 100 stores: smart, or admitting defeat?move is an acknowledgement that there are too many stores out there. "We're ge
Macy's plans to close 100 stores: smart, or admitting defeat?
Dallas Morning News / Posted 17 days ago
move is an acknowledgement that there are too many stores out there. "We're getting out in front of this," said Macy's CEO Terry Lundgren, who has previously announced his retirement after 16 years as CEO. Lundgren appeared on CNBC Squawk Box this... Read more
67 related stories
17d
Hartford Courant
Macy's To Close 100 Stores Nationwidecents beat expectations of 45 cents. In some ways, it should not come as a sur
Macy's To Close 100 Stores Nationwide
Hartford Courant / Posted 17 days ago
cents beat expectations of 45 cents. In some ways, it should not come as a surprise that Macy's is closing more locations. Terry Lundgren, the retailer's chief executive, has said that the chain simply had too many stores for an era in which... Read more
199 related stories
17d
KQ2 St. Joseph
Macy's is closing another 100 storesin a fast-changing world, and our company is moving forward decisively to build
Macy's is closing another 100 stores
KQ2 St. Joseph / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy's heritage," Macy's CEO Terry Lundgren said in a statement. Macy's said the store closures could result in the loss of about $1 billion in sales,... Read more
67 related stories
17d
Crain's New York Business
Macy's rises on plan to shut stores as more shoppers move onlineSecond-quarter profit and revenue topped analysts' estimates as new sales event
Macy's rises on plan to shut stores as more shoppers move online
Crain's New York Business / Posted 17 days ago
Second-quarter profit and revenue topped analysts' estimates as new sales events drew shoppers. Chief Executive Officer Terry Lundgren is looking to secure his legacy before handing the reins over to his successor, President Jeff Gennette, in... Read more
199 related stories
17d
KTLA-TV Los Angeles
Macy’s to Close an Additional 100 Stores Nationwide, Lay Off Employeesin a fast-changing world, and our company is moving forward decisively to build
Macy’s to Close an Additional 100 Stores Nationwide, Lay Off Employees
KTLA-TV Los Angeles / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy’s heritage,” Macy’s CEO Terry Lundgren said in a statement. Nearly all of the stores Macy’s is pulling the plug on are those that have had a steady... Read more
67 related stories
17d
Sun-Sentinel
Macy's will close 100 stores nationwidefrom the same period last year. In some ways, it should not come as a surprise
Macy's will close 100 stores nationwide
Sun-Sentinel / Posted 17 days ago
from the same period last year. In some ways, it should not come as a surprise that Macy's is closing more locations. Terry Lundgren, the retailer's chief executive, has said that the chain simply had too many stores for an era in which... Read more
199 related stories
17d
FOX 6 Milwaukee
Macy’s is closing another 100 storesin a fast-changing world, and our company is moving forward decisively to build
Macy’s is closing another 100 stores
FOX 6 Milwaukee / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy’s heritage,” Macy’s CEO Terry Lundgren said in a statement. Nearly all of the stores Macy’s is pulling the plug on are those that have had a steady... Read more
67 related stories
17d
Providence Business News
Macy’s shares rise on slower sales decline, plan to shut storesCity in Taunton. Second-quarter profit and revenue topped analysts’ estimates
Macy’s shares rise on slower sales decline, plan to shut stores
Providence Business News / Posted 17 days ago
City in Taunton. Second-quarter profit and revenue topped analysts’ estimates as new sales events drew shoppers. CEO Terry Lundgren is looking to secure his legacy before handing the reins over to his successor, President Jeff Gennette, in... Read more
199 related stories
17d
The Record Searchlight
Macy's to close 100 stores as big-box retailer shrinks furtherin our most productive and highest-potential locations," he said in a statement
Macy's to close 100 stores as big-box retailer shrinks further
The Record Searchlight / Posted 17 days ago
in our most productive and highest-potential locations," he said in a statement. Gennette is set to take the CEO post from Terry Lundgren in early 2017. Macy's also announced second quarter results Thursday — sales fell 3.9% to about $5.9 billion,... Read more
199 related stories
17d
KRBC Abilene & KTAB Abilene
Macy's is closing another 100 storesin a fast-changing world, and our company is moving forward decisively to build
Macy's is closing another 100 stores
KRBC Abilene & KTAB Abilene / Posted 17 days ago
in a fast-changing world, and our company is moving forward decisively to build further on Macy's heritage," Macy's CEO Terry Lundgren said in a statement. Nearly all of the stores Macy's is pulling the plug on are those that have had a steady... Read more
67 related stories
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