We are pleased with our February sales performance. Same-store sales for Macy's and Bloomingdale's locations were encouraging and above our guidance. Non-comparable stores were slightly above plan.
More Quotes from Terry Lundgren:
In the short term, we are focused on serving customers and delivering results through the holiday selling season.Terry Lundgren
Customers have told us they want the fashion and affordable luxury they find in Macy's stores. With this expanded geographic coverage, we now will be positioned to nationally advertise the Macy's brand,
Terry Lundgren
While the store's name will change, much of what customers love will stay the same, including Marshall Field's traditions and its outstanding record of community and charitable giving.
Terry Lundgren
Today, things look really good. But these next five weeks are really critical, ... You have to wait and see how it unfolds.
Terry Lundgren
Sean Combs' Unforgivable fragrance is a runaway success at Macys. We expect the early momentum to continue as we roll out this new fragrance to our stores across the country. There is every reason to believe that Unforgivable will be the 1 men's fragrance of the season.
Terry Lundgren
These actions reflect our confidence in the future operating results and cash flow of the company, as well as our ongoing determination to build long-term shareholder value.
Terry Lundgren
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