CHAIRMAN & CEO, MACY'S, INC.
Terry Lundgren is Chairman and CEO of Macy’s, Inc. He assumed his current titles in January 2004, and also served as President from 2003 to March 2014. He was named President and CEO in February 2003 after having served as President and Chief Merchandising Officer since May 1997.
Lundgren began his retailing career in 1975 as a trainee with Bullock’s, a Los Angeles-based division of Federated Department Stores, Inc. (now Macy’s, Inc.). He held positions of increasing responsibility over the next decade in buying, store management and human resources, as well as serving as the division’s director of stores and, in 1984, was named senior vice president and general merchandise manager. In 1987, he was named president and CEO of Bullocks Wilshire, then the most upscale and high fashion chain of specialty department stores owned by Federated.
Lundgren left Federated after its acquisition by the Campeau Corporation in 1988, joining Neiman Marcus in Dallas, TX, where he served briefly as executive vice president and shortly thereafter was named chairman and CEO. He returned to Federated in April of 1994 as chairman and CEO of the Federated Merchandising Group. Through significant acquisitions over the following 18-months, Federated more than doubled its size.
In his capacity as chief merchandising officer, Lundgren was credited with effectively easing the merger of Federated’s and Macy’s merchandising functions, and initiating the strategic development and marketing of a strengthened private brand program within Federated.
As chief executive officer, Lundgren led Federated’s acquisition of The May Department Stores Company in August 2005, again nearly doubling the size of the company. Today, Macy’s, Inc. is a premier national omnichannel retailer with more than 800 Macy’s and Bloomingdale’s department stores in 45 states, the District of Columbia, Guam, Puerto Rico and Dubai. In addition, Macy’s, Inc. operates Bluemercury, a specialty beauty and spa retailer with more than 65 stores in 18 states.
Lundgren was named one of the Top 30 CEOs in the world by Barron’s in 2015. He was WWD’s “Newsmaker of the Year” in 2014 and is the recipient of the Deming Cup by Columbia Business School for distinction in leading continuous improvement.
Lundgren is a native of Long Beach, CA, and a graduate of the University of Arizona where he gave the commencement address to the graduating class of 2000 and was awarded the Honorary Doctor of Laws degree. Lundgren is an active supporter of The Terry J. Lundgren Center for Retailing at the University of Arizona. He was also awarded the honorary Doctor of Commercial Sciences degree from Suffolk University in 2001. He has been presented with many business recognition awards and has served as dinner chairman or as honoree for numerous retail industry organizations and charities, including Carnegie Hall, MoMA, BRAG, the Fresh Air Fund, American Jewish Committee, Breast Cancer Research Fund, NOW Legal Defense, Parsons School, Fashion Institute of Technology and the Ovarian Cancer Society. Lundgren currently serves on the boards of the Federal Reserve Bank of New York, The Procter & Gamble Company, Carnegie Hall and the National Retail Federation (NRF). He is a former board member of Kraft Foods Inc. and has participated in numerous charitable and civic efforts. He has served as co-chairman of the Partnership for New York City, and chairman of the National Minority Supplier Development Council and NRF. Lundgren serves on the executive committee of the Economic Club of New York.
Lundgren has two daughters and resides in New York City with his wife, Tina.