Tag Archives: Terry Lundgren

Macy’s Net Rises 3.9 Percent in Q2

Macy’s

CINCINNATI-With sales trending up thanks to a rebound in traffic after a difficult winter, Macy’s second-quarter net income increased 3.9 percent to $292 million. Net sales in the quarter, which ended on Aug. 2, were up 3.3 percent to $6.3 billion, including a pickup of 4 percent in same-store sales. Terry Lundgren, Macy’s chairman andMore »

Macy’s Q1 Net Up, Sales Down

Macy’s Inc.

CINCINNATI-In spite of a drop in sales, Macy’s managed to raise its first-quarter net income by 3.2 percent, to $224 million. An improvement in gross margin and reductions in expenses keyed the bottom-line pickup in the quarter, which ended on May 3. Gross margin increased by 10 basis points to 38.9 percent. Selling, general andMore »

Macy’s Tabs Gennette as President

Jeff Gennette

CINCINNATI-Jeff Gennette, who has been Macy’s chief merchandising officer for the past five years, has been promoted to president of the department store retailer, effective immediately. Gennette reports to Terry Lundgren, who remains chairman and CEO, and who previously held the title of president. In his new role, he retains his day-to-day responsibility over Macy’sMore »

Macy’s Net Blooms for Q4, Fiscal Year

Macy’s Inc.

CINCINNATI-Macy’s posted increases of 11.1 percent and 11.3 percent in fourth-quarter and fiscal-year net income, respectively, resulting in its fifth straight year of double-digit growth in earnings per share. The bottom-line totals were $811 million for the quarter and $1.5 billion for the fiscal year, which ended on Feb. 1. Net sales in the quarterMore »

Resolutions for 2014

Duke_Ratliff

By Duke Ratliff With holiday shopping (and selling) in the rearview mirror, home furnishings executives can now focus on the year ahead. Here are a few resolutions for the new year that notable individuals and institutions can make to make it a successful 2014. Walmart’s new leaders Doug McMillon and David Cheesewright should resolve toMore »

(Selling) Home for the Holidays

Duke_Ratliff

If the consumer press was any indication, the universe almost ended. More precisely, the civilized world as we know it could have come to a crashing halt on Thanksgiving Day. That’s when the Scrooge-like retailers such as … well, pretty much every single retailer of note—opened for business. Macy’s suffered an unfair share of theMore »

Macy’s Net Climbs 22.1 Percent in Q3

Macy’s Inc.

CINCINNATI—A bump-up in sales combined with effective controls on expenses to boost Macy’s third-quarter bottom line by 22.1 percent, to $177 million. Net sales increased by 3.3 percent to $6.3 billion, including a 3.5 percent gain in same-store sales, in what Terry Lundgren, Macy’s chairman, president and CEO, characterized as “a very successful third quarterMore »

Macy’s Marks 10th Anniversary of Culinary Council

Macy's Culinary Council 10th Anniversary

NEW YORK-Macy’s celebrated the 10th anniversary of the Macy’s Culinary Council earlier this week, with a celebration at Stella 34 Trattoria & Bar here. Launched in 2003, the council currently consists of celebrity chefs Rick Bayless, Michelle Bernstein, Cat Cora, Tom Douglas, Todd English, Marc Forgione, Johnny Iuzzini, Stephanie Izard, Wolfgang Puck, Marcus Samuelsson, NancyMore »