Tag Archives: retail sales

Macy’s Chairman, President and CEO Terry Lundgren, who also serves as NRF’s Chairman, spoke on CNBC’s Squawk Box this morning about Macy’s January sales numbers, the high-end luxury market, and what it will take to get the consumer buying again. (The short answer? Jobs.)
Watch the interview below.

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Today’s employment numbers threw a little cold water on Thursday’s retail optimism. With the unemployment rate creeping above 10 percent (its highest since 1983!), it looks like the U.S. economy still has a bit of a rocky road ahead. This is not the news we were hoping for with the holiday selling season upon us.
According [...]

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