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...
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.
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.
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..
charitable community customers including love marshall name record stay traditions
While the store's name will change, much of what customers love will stay the same, including Marshall Field's traditions and its outstanding record of community and charitable giving.
carefully charitable community customer customers decision great including legacy love marshall name record respect stay studied traditions
We have great respect for the legacy and traditions of Marshall Field's, and we carefully researched customer preferences and studied alternatives before making this decision to incorporate Marshall Field's into the nationwide Macy's brand. While the store's name will change, much of what customers love will stay the same including Marshall Field's traditions and its outstanding record of community and charitable giving.
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.
additional businesses consistent customers expand fashion growth improving invest maintain online past performed presence rates recognize sales serious serve several shop store type
Our online businesses have performed very well over the past several years, with consistent double-digit sales growth rates and improving profitability. 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.
customers delivering focused holiday results selling serving short
In the short term, we are focused on serving customers and delivering results through the holiday selling season.
both customers improved joining means offer pricing retail together value
For the customers of both companies, joining together means we will be better able to offer value and an improved retail experience, from better assortments and merchandise selections to more competitive pricing and service,
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.
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.