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...
above february locations pleased sales slightly stores
We are pleased with our February sales performance. Same-store sales for Macy's and Bloomingdale's locations were encouraging and above our guidance. Non-comparable stores were slightly above plan.
larger marshall
That's substantially larger than Marshall Field's is in total.
designers exciting helping process
The thought process of helping young designers is an exciting one for Chicago.
brands
one of the best-selling brands in American today.
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.
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.
beginning believe benefit change employees era period positive represent
This will represent the beginning of a new era for our company, and a period of positive long-term change that we believe will benefit our customers, employees and shareholders,
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.
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.