TheStreet’s Scott Gamm speaks with Macy’s Chairman & CEO Terry Lundgren about why the retailer opened earlier this year, how the company’s gross margins will be impacted by deep discounts during holiday specials and the state of the American consumer.
With stiff competition around the holiday season, Macy’s is under pressure to adapt and cater to customers’ preferences. Lundgren also shared insight on the economy and his expectations for 2015, given the significant rise in Macy’s stock price throughout 2014.
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