Terry Lundgren Bio | Wiki
Terry Lundgren is a prominent American business executive. He retired as executive chairman of Macy’s, Inc. on January 31, 2018. The company is a parent to the fashion retailers Bluemercury, Bloomingdale’s, and Macy’s.
Terry had served for fourteen years as chairman and chief executive officer of Macy’s, Inc., becoming the company’s executive chairman in 2017. Furthermore, the acclaimed business executive was named an executive in residence in 2017 at Columbia Business School.
Terry Lundgren Age
He was born on March 23, 1952, in Long Beach, California, United States. Terry is 71 years old.
Terry Lundgren Height
He is a man of average stature. Terry stands at a height of 6 ft 0 in ( Approx. 1.83m ).
Terry Lundgren Family
He was born in Long Beach, California, United States to a loving father and a caring mother. Terry was one of six children. Besides, his parents had a limited financial capacity.
Terry Lundgren Wife
He is a married man. Terry is happily married to his loving and caring wife Tina Stephen. As a couple, they exchanged their wedding vows in the year 2005. Together, they commemorate the 18-year anniversary. Previously, he was married to his first wife Nancy Cross. The two were married but eventually ended up in a divorce. Besides, Terry has two daughters from this marriage.
Terry Lundgren University of Arizona
He attended a local high school. Terry was the only member of the six who went to college because of his parents’ limited financial capacity. Seeing he did not have good grades, his parents stopped paying for his tuition. Terry “located a job at a neighborhood restaurant in Tucson.
There, he was in charge of cracking oysters and peeling shrimp” in response. After some time, Terry was “promoted to a waiter, then the head waiter, and then the head manager of the restaurant.” He was able to graduate with a Bachelor of Arts Degree from the University of Arizona through his job.
Terry Lundgren House
He owns a magnificent mansion located in Osprey, Florida.
Terry Lundgren Macy’s
He joined Federated Department Stores, Inc. (now known as Macy’s, Inc. since 2007) in 1974 after receiving his degree from the University of Arizona. He advanced swiftly, and by the time he was 35, he was in charge of the upmarket specialty Bullocks Wilshire branch in Los Angeles. Terry left Federated in 1994 to become the CEO of Neiman Marcus. He is credited as being a pioneer in merchandising, branding, and localization throughout his time at Macy’s.
With more than 800 U.S. locations and net sales of $24.9 billion in 2008, Terry had a key role in the creation of the company’s private brand items and oversaw the 2005 merger of Federated and May Department Stores Company. For the first time, Macy’s was able to establish itself as a really national retailing brand thanks to the May Company acquisition.
Under Terry’s leadership, Macy’s launched the popular “My Macy’s” localization effort in April 2008 with the goal of adapting a percentage of each store’s range to regional tastes and aesthetic preferences. According to the firm, 13 of the top 15 geographic locations with the best performance during the crucial holiday shopping month of December 2008 were My Macy’s pilot districts.
The My Macy’s organizational structure was then implemented across the United States in 2009, and it later served as a Harvard Business School case study for effective localization within a broad retailing framework. Additionally, he oversaw Macy’s large investments in e-commerce and mobile shopping, which helped it grow to become one of the country’s top online retailers. Under Terry, Macy’s Inc. purchased Bluemercury, a retailer of cosmetics, in 2015. He left his position as executive chairman and CEO on January 31, 2018.
Terry Lundgren Net Worth
Having worked as a business executive by profession for a total proficiency exceeding more than forty years now, he has managed to garner good affluence in his career thus far. Terry’s net worth is $700 Million.
How Old Is Terry Lundgren
He is 71 years old. Terry was born on March 23, 1952, in Long Beach, California, United States. Thus, he relishes and commemorates his birthday on March 23 every year.
Who Is Terry Lundgren
He is a 71-year-old prominent American business executive who retired as executive chairman of Macy’s, Inc. on January 31, 2018. The company is a parent to the fashion retailers Bluemercury, Bloomingdale’s, and Macy’s.
How Tall Is Terry Lundgren
He is a man of average stature who stands at a height of 6 feet 0 inches, approximately 1.83 meters.