Terry Lundgren
Terry Lundgren
Terrence James Lundgren is an American department store executive and is the CEO, Chairman of the Board, President, and Director at Macy's, Inc., the parent company of Macy's and Bloomingdale's department stores...
across believe continue early expect fragrance momentum reason roll sean stores success
Sean Combs' Unforgivable fragrance is a runaway success at Macy*s. We expect the early momentum to continue as we roll out this new fragrance to our stores across the country. There is every reason to believe that Unforgivable will be the #1 men's fragrance of the season.
across ahead currently number profitable stores strength twice
With the merger, we'll become stronger, faster-growing and more profitable than if we went ahead alone, ... The strength of our branding will be across twice the number of stores than we currently operate.
accelerate across america believe best brands build continuing costs customers deliver driving highly increase national performance reduce retailing sales serve store thereby value
To better serve our customers in this highly competitive retailing environment, we must concentrate on our best national brands and reduce costs so we can deliver outstanding value to shoppers, ... We believe that continuing to build Macy's and Bloomingdale's aggressively across America will accelerate our comp store sales performance and increase profitability, thereby driving shareholder value.
expect grow million sales
We expect our direct-to-consumer sales to grow to more than $750 million by 2008 from about $450 million in 2005.
actions build cash confidence determination flow future ongoing operating reflect results
These actions reflect our confidence in the future operating results and cash flow of the company, as well as our ongoing determination to build long-term shareholder value.
designers exciting helping process
The thought process of helping young designers is an exciting one for Chicago.
advertise affordable customers fashion geographic luxury
Customers have told us they want the fashion and affordable luxury they find in Macy's stores. With this expanded geographic coverage, we now will be positioned to nationally advertise the Macy's brand.
benefit both company former included performance quarter related tax
The quarter included stronger-than-expected performance in both the Federated and former May Company divisions, as well as a benefit from a tax settlement and related adjustments.
five next wait weeks
Today, things look really good. But these next five weeks are really critical, ... You have to wait and see how it unfolds.
additional customers expand fashion invest maintain online presence recognize serious serve shop store type
To maintain the momentum, we recognize we need to invest to better serve additional customers who want to shop online for the type of fashion merchandise we sell, especially as Macy's and Bloomingdale's expand their store presence nationwide. We are very serious about capitalizing on this opportunity.
both brands known retailing
No doubt, these are both very well known retailing brands to the consumer.
brands
one of the best-selling brands in American today.
business continued customers millions online opportunity progress represent sales serve
Online sales represent the fastest-growing part of our business and an outstanding opportunity for continued progress as we serve millions of new customers nationwide through our acquisition of May Co..
best business continuing learn meeting possible
We will be meeting with the May Co. organization and continuing to learn more about its business so we can make the best possible long-term decisions,