Macyâ??s CEO Stumping to Revitalize Company Revival (Bloomberg)
Terry Lundgren is the CEO of Macyâ??s, Inc., but you might confuse him with a candidate out on the campaign trail as he continues his 40-week road trip visiting his companyâ??s individual stores. Unlike wall-to-wall election coverage of the trail, heâ??s conducting a stealth campaign, calling store managers 10 minutes before his arrival. In this way, he can verify stores stock whatâ??s important to their clientele and personalize his companyâ??s business. And itâ??s a plan thatâ??s working. Over the last two years, Macyâ??s annual sales growth has blown past rivals like Kohlâ??s and Pennyâ??s. So, speaking as an investor, nothingâ??s better than personalized profits.
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