Content about Terry J. Lundgren

April 4, 2013
Macy’s CEO pay package put at $11.3 million

Macy's CEO Terry Lundgren had a pay package worth $11.3 million in 2012, down 22% from 2011, the Associated Press reported.

February 25, 2013
Macy’s CEO takes stand in Macy’s-Martha Stewart case

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 J.C. Penney Co. and Martha Stewart Living Omnimedia Inc.

January 28, 2013
Macy’s senior management changes include new position of chief omni-channel officer

Macy’s announced a series of changes to its senior executive leadership team, effective immediately.

January 25, 2013
Macy’s Lundgren honored with a ‘Father of the Year’ award

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
Macy's Terry Lundgren joins P&G Board

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

November 1, 2012
Department stores strong in October, led by Nordstrom

As the holidays approach and retailers are still recovering from Hurricane Sandy, October same-store sales results showcased consistent strength in the department store category.

October 4, 2012
Mixed bag for apparel retailers and department stores in September

Apparel retailers and department stores reported monthly revenue results for September that were mixed, as Gap Inc. and Limited Brands posted gains that beat Wall Street estimates, while Macy's and Kohl’s missed expectations.

October 1, 2012
Macy’s holiday hiring edges up from last year

Macy’s Inc. said it plans to hire approximately 80,000 seasonal associates for its Macy's and Bloomingdale's stores, call centers, distribution centers and online fulfillment centers nationwide for the 2012 holiday season.

August 30, 2012
Retailers make strong gains in August; Macy's, Limited Brands and Gap Inc. top estimates

Macy's, Limited Brands and Gap Inc. all posted August same-store sales that topped analysts' estimates as retailers across the board generally posted strong sales, boosted by back-to-school shopping and aggressive promotions.

July 5, 2012
Macy’s and Kohl’s post disappointing results in June

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.

July 5, 2012
Macy’s and Kohl’s post disappointing results in June

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.

June 22, 2012
Macy’s Lundgren to be deposed in Martha Stewart suit

A report by Bloomberg said that Macy’s CEO Terry Lundgren is slated to give his deposition next month over a contract dispute with Martha Stewart Living Omnimedia Inc.

May 23, 2012
Macy’s in deal with online retailer in China

Macy's Inc. will start selling some of its private brand merchandise directly to shoppers in China through a deal with an online retailer there.

March 1, 2012
Macy’s shines, Kohl’s disappoints in February

Results were mixed among the department store players in February, as Macy’s turned in a strong performance and Kohl’s missed expectations.

February 2, 2012
Discounters post solid results for January; Macy’s misses estimates

The nation’s discount chains reported solid results for January, with Target Corp., TJX Cos., and Costco Wholesale Corp. all reporting gains above expectations.

January 16, 2012
Retail’s Big Show to draw record attendance

National Retail Federation officials said Monday that a record crowd of 24,000 attendees is expected to converge on its 101st Annual Convention & Expo, which kicked off Sunday at the Jacob J. Javits Convention Center in New York City.

January 4, 2012
Macy’s announces store openings, closings

Macy’s Inc. announced a strategic plan to open new stores in select markets as well as to close a series of underperforming units.

January 4, 2012
Macy’s announces store openings, closings

Macy’s Inc. announced a strategic plan to open new stores in select markets as well as to close a series of underperforming units.

December 1, 2011
Department stores show mixed results in November

In a heavy promotional environment starring early sales and steep discounting, the department store players turned in mixed performances in November.

November 28, 2011
Thanksgiving weekend sales hit record high

Retail sales broke records during the Thanksgiving weekend, climbing 16%, according to a survey by BIGresearch for the National Retail Federation.

November 3, 2011
Kohl’s tops Street, J.C. Penney misses

Kohl's Corp. reported a 3.9% rise in same-store sales in October, better than analysts’ expectations, amid strong demand for its new Jennifer Lopez and Mark Anthony brands.

November 1, 2011
Macy’s to invest $400 million to renovate Herald Square flagship

Macy’s announced it plans to spend about $400 million over the next four years to remodel and update its legendary store at Herald Square in Manhattan.

October 6, 2011
Macy’s, Kohl’s report strong September showings, J.C. Penney flounders

Macy’s saw same-store sales rise 4.9% in September, beating Wall Street’s expected 4.4% increase, and total sales surged 5.3% to $2.298 billion in the five-week period.

October 6, 2011
Macy’s, Kohl’s report strong September showings, J.C. Penney flounders

Macy’s saw same-store sales rise 4.9% in September, beating Wall Street’s expected 4.4% increase, and total sales surged 5.3% to $2.298 billion in the five-week period.

September 26, 2011
Macy’s to increase holiday hires by 4%

Macy’s said it plans to hire approximately 78,000 seasonal associates for its Macy’s and Bloomingdale’s stores, call centers, distribution centers and online fulfillment centers nationwide for the 2011 holiday season.

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