Tag Archives: Terry Lundgren

Bottom Line Up 22.6 Percent for Macy’s Q3

Macy’s

CINCINNATI-Slimmed-down expenses helped propel Macy’s to a 22.6 percent gain in third-quarter net income, which totaled $217 million. Selling, general and administrative expenses were cut by 4.4 percent in dollars and 110 basis points as a percentage of sales, to 32.4 percent, in the quarter, which ended on Nov. 1. Terry Lundgren, Macy’s chairman andMore »

Last updated: November 12, 2014

Macy’s First Store Outside U.S. to Open in Abu Dhabi

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CINCINNATI-Macy’s will open its first location outside of the United States in Abu Dhabi in 2018, as part of a strategic partnership with Al Tayer Group, a company based in the United Arab Emirates with diversified businesses. Also as part of this partnership, Bloomingdales’s will open its second international store location in Abu Dhabi inMore »

Last updated: October 28, 2014

Tommy Hilfiger Home Hosts High Line Event

Tommy Hilfiger Terry Lundgren

NEW YORK–The stars were out last night—both the celeb version as well as the ones in the sky—as the second-annual High Line Art Dinner took place outdoors, underwritten by Tommy Hilfiger Home and hosted by Friends of the High Line. More than 200 guests attended the event, including Tommy and Dee Hilfiger, artists Jeff KoonsMore »

Last updated: September 18, 2014

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 »

Last updated: August 13, 2014

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 »

Last updated: May 14, 2014

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 »

Last updated: April 1, 2014

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 »

Last updated: February 25, 2014