Macy’s, Inc. (M) Business Is Booming Because Of Stores: Terry Lundgren


Macy’s, Inc. (NYSE:M)’s has seized the Black Friday and Thanksgiving Day by putting an amazing show: a holiday gift parade in the streets of Manhattan. The company is planning to pile up heavy revenues from this holiday season. In a program on Bloomberg, Terry Lundgren, chief executive officer of Macy’s Inc said that this year is going to be special in terms of revenue and sales. He said that Macy’s, Inc. (NYSE:M)’s kicked off its Black Friday deals and stores two hours earlier than the year before. There are large crowds headed to the stores to take full advantage of the deals and cheap rates. Lundgren thinks that the special thing about this holiday season is the immense inculcation of diverse range of people. People from all sorts of communities are coming to the stores to buy products.

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Macy’s, Inc. (NYSE:M)’s CEO said that millennials are overtaking the shopping stores this season and he is happy to see that. People from all walks of life are flooding the streets and stores irrespective of time, weather and routine. Macy’s, Inc. (NYSE:M)’s has opened the world’s biggest store, as it claims, in UK for the holiday season. The company has invested heavily to streamline its efforts. Lundgren said that this store has all kinds of products in it; from $999 toaster to $2000 handbag. The company is offering different discounts and deals for youth. He said that the best part of last night’s show was the apparel sales. Everyone is interested in active apparels and the company is keen to give out the best apparel.

Macy’s, Inc. (NYSE:M)’s CEO rejected the idea that Amazon is killing his company. He said that Macy’s, Inc. (NYSE:M)’s has got the actual stores where people can come and check makeups, clothes and products practically unlike Amazon’s online shopping mode.

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