Terry J Lundgren Net Worth is20.0 $Million
VN:F [1.9.22_1171]
deserves the money?
Rating: 2.1/5 (9 votes cast)
VN:F [1.9.22_1171]
Would you date ?
Rating: 1.8/5 (4 votes cast)
Terry J. Lundgren (born 1952) 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.
Through his career at Federated/Macy's, Lundgren is credited with being an innovator in merchandising, branding and localization. He was instrumental in developing the company's private brands of merchandise and led the 2005 merger of Federated Department Stores, Inc. and May Department Stores, Inc., creating one of the largest retailers in the world, with more than 800 U.S. stores and 2008 net sales of US$24.9 billion.
Like all retailers, Macy's, Inc. saw declining sales in 2008 amid deterioration of the U.S. economy. In fiscal 2008 (through January 2009), same-store sales declined by 4.6% at Macy's, Inc. In this environment, however, Macy's, Inc. has outperformed virtually every major competitor.
Macy's is seeing positive early results from "My Macy's", a localization inititaive launched by Lundgren in spring 2008 to tailor a portion of every store's assortment to local tastes and color. The company reported that of its top 15 best-performing geographic markets in the key holiday selling month of December 2008, 13 were My Macy's pilot districts. The My Macy's organizational model is being rolled out across the U.S. in 2009.
As reported in Macy's, Inc.'s proxy statement filed in April 2009, Lundgren's total compensation in 2008 declined by 37% to $5.4 million, reflecting lower sales and profitability in a weak economy. His compensation included $1.5 million in salary, $900,000 under the non-equity incentive plan, and $496,423 in various other compensation. The remainder was the value of stock options.
Lundgren has been awarded numerous honors. In 2008, he received the Gold Medal Award from the National Retail Federation, considered the retailing industry's pre-eminent honor. In spring 2008, he was presented with Carnegie Hall's third annual Medal of Excellence for outstanding phil

Terry J Lundgren Net Worth, 2.1 out of 5 based on 9 ratings
(Visited 24 times, 1 visits today)

Terry J Lundgren Latest News

Macy's executive chairman Terry Lundgren retires from board

NEW YORK (AP) -- Macy's says its executive chairman Terry Lundgren, who stepped down as CEO in March ... And when they are buying clothing, they're doing it online or at places like T.J. Maxx. Macy's ...
Posted: December 8, 2017, 4:04 pm

Department stores hope to recapture appeal, be destinations

"We operate in a fast-changing world, and our company is moving forward decisively to build further on Macy's heritage as a preferred shopping destination for fashion, quality, value and convenience," ...
Posted: August 15, 2016, 5:28 am

Macy’s Terry J. Lundgren to Pass the Reins to Jeff Gennette

Terry J. Lundgren, Macy’s Inc. chief executive officer since 2003 and chairman since 2004, will be succeeded as ceo by Jeff Gennette in the first quarter of 2017. Gennette has been president of Macy’s ...
Posted: June 23, 2016, 6:17 am
Related Topics:
How Much Is Terry J Lundgren Earnings, How Much Is Terry J Lundgren Income, How Much Is Terry J Lundgren Net Worth, How Much Is Terry J Lundgren Salary, How Much Is Terry J Lundgren Worth, Mr Terry J Lundgren, Terry J Lundgren, Terry J Lundgren Address, Terry J Lundgren Age, Terry J Lundgren Bio, Terry J Lundgren Biography, Terry J Lundgren Center, Terry J Lundgren Center For Retailing, Terry J Lundgren Contact Information, Terry J Lundgren Country, Terry J Lundgren Date Of Birth, Terry J Lundgren Earnings, Terry J Lundgren Ethnicity, Terry J Lundgren Gossips, Terry J Lundgren Height, Terry J Lundgren History, Terry J Lundgren Home Town, Terry J Lundgren Images, Terry J Lundgren Income, Terry J Lundgren Job, Terry J Lundgren Macy, Terry J Lundgren Macy's, Terry J Lundgren Nationality, Terry J Lundgren Net Worth, Terry J Lundgren Networth, Terry J Lundgren News, Terry J Lundgren Partner, Terry J Lundgren Place Of Birth, Terry J Lundgren Rumors, Terry J Lundgren Salary, Terry J Lundgren Secrets, Terry J Lundgren Videos, Terry J Lundgren Weight, Terry J. Lundgren Contact, Terry J. Lundgren Contact Info, Terry J. Lundgren Email, Terry J. Lundgren Email Address, Terry J. Lundgren Forbes, Terry J. Lundgren Linkedin, Terry J. Lundgren Macy's Email, Terry J. Lundgren Tina Stephan, Who Is Terry J Lundgren,