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...
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.
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.
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.
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.
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,
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.