#terry lundgren

Why AMC is Exciting & Special | Terry Lundgren

Retail Apocalypse: Macy’s will close 100 stores

Steep discounts have not reversed Macy’s declining sales. As a consequence, yesterday the giant retailer announced it will close 100 stores — or nearly 14% of its fleet — “to focus on its best-performing stores”. Macy’s currently operates 728 stores, including 675 of its traditional full-price locations. Over the past 6 years, it had already shuttered about 90 stores, but also opened 13 new…

Is Macy’s new CEO Jeff Gennette the right man for the job?

Longtime Macy’s chief Terry Lundgren is stepping down, and handpicked successor Jeff Gennette is stepping in. Only time will tell if he can reinvent the retailer for today’s omnichannel world.

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Source:: Retail Dive

Is Macy’s new CEO Jeff Gennette the right man for the job?

Longtime Macy’s chief Terry Lundgren is stepping down, and handpicked successor Jeff Gennette is stepping in. Only time will tell if he can reinvent the retailer for today’s omnichannel world.

…read more

Source:: Retail Dive

Macy’s joins American retail descent

[ad_1] ©Bloomberg

Macy’s shares sank as much as 13 per cent on Wednesday, dragging some of the biggest names in American retail down with it, as weak earnings and Fitch’s decision to cut Gap’s credit rating to junk underscored the struggle of many in the sector to adapt to the demands of a younger generation.

Same-store-sales, a key indicator of demand, at Macy’s slumped 5.6 per centin…

Macy’s joins American retail descent

[ad_1] ©Bloomberg Macy’s shares sank as much as 13 per cent on Wednesday, dragging some of the biggest names in American retail down with it, as weak earnings and Fitch’s decision to cut Gap’s credit rating to junk underscored the struggle of many in the sector to adapt to the demands of a younger generation. Same-store-sales, a key indicator of demand, at Macy’s slumped 5.6 per cent in…

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