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Terry Lundgren

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Macy's Net Jumps 20%, Boosts Dividend

Macy's Inc.'s (M) first-quarter profit jumped 20%, coming in above Street views, as the department store operator logged stronger revenue, though margins were flat as input costs climbed.Macy's raised its quarterly dividend by 25% to 25 cents a share and also unveiled a $1.5 billion increase to its share-buyback program.Macy's, which kicks off the quarter's earnings reports for mid-tier department stores, has been in the spotlight over its legal tussle with rival J.C. Penney Co. (JCP). The pair have been battling in the court over the ability to sell home products designed by Martha Stewart.A New York state appeals judge last month said J.C. Penney could introduce a line of bedding and other home products designed by Martha Stewart, but sold under another brand name. But Macy's--which claims to have exclusive rights to sell a variety of Martha Stewart-branded products--continues to seek a court order that would ultimately block the sale of those goods.Ahead of Macy's quarterly report, ...

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  1. J.C. Penney Puts Disputed Martha Stewart Goods on Hold

    J.C. Penney agreed on Thursday to hold off on its plan to sell certain Martha Stewart-designed products in its stores at least until an April 8 court date.Macy's, wh...

  2. Macy's should have been told about Penney deal: ex-Martha chair

    Macy's Inc should have had a chance to match rival J.C. Penney's offer to carry Martha Stewart products in its stores, the former chairman of Stewart's company testi...

  3. Martha Stewart defends J.C. Penney deal in Macy's trial

    Martha Stewart said on Tuesday she was shocked that Macy's Inc had objected so strongly when she signed a deal with rival retailer J.C. Penney Co Inc .Stewart was te...

  4. Judge says Macy's, Penney should have settled Stewart spat

    J.C. Penney Co Inc and Macy's Inc should have settled their dispute over the rights to sell Martha Stewart products, the judge overseeing a trial involving the two r...

  5. Macy's grills Martha Stewart over J.C. Penney deal

    Martha Stewart was questioned in a New York state court on Tuesday over the terms of her contract with Macy's, which the retailer says she broke when she tried to se...

  6. Al's Emporium: Falling For Martha

    Two retail-chain CEOs are fighting over Martha Stewart like rival high-school quarterbacks sparring over a homecoming queen.Terry Lundgren, who runs Macy's, filed la...

  7. Penney CEO knew Martha Stewart deal stepped on Macy's toes

    J.C. Penney Co Inc chief Ron Johnson knew before doing a deal with Martha Stewart that it would create a conflict with rival Macy's Inc , which already had a relatio...

  8. Penney's Johnson says knew Martha Stewart deal was controversial

    J.C. Penney Co Inc chief Ron Johnson knew before doing a deal with Martha Stewart that it would create a conflict with rival Macy's Inc , which already had a relatio...

  9. Macy's Fourth-Quarter Profit Off 2% Amid Debt-Extinguishment

    Macy's Inc. (M) fourth-quarter earnings fell 2% amid debt-extinguishment expenses, but the department store operation continued to register strong sales growth.Macy'...

  10. Macy's 4th-Quarter Profit Off 2% Amid Debt-Extinguishment

    Macy's Inc. (M) fourth-quarter earnings fell 2% amid debt-extinguishment expenses, masking continued sales growth at the department-store operator.Shares were up 3.7...

  11. Macy's Profit Off 2% Amid Expenses

    Macy's Inc. (M) fourth-quarter earnings fell 2% amid debt-extinguishment expenses, masking continued sales growth at the department-store operator.Shares were up 4.6...

  12. Macy's Posts Lower 4Q Profit, Issues Rosy View

    Macy's (NYSE:M) reported on Tuesday a 2% drop in fourth-quarter earnings amid debt-extinguishment charges that overshadowed sales growth.The department-store operato...

  1. Macy's Boosts Dividend 25% as 1Q Earnings Jump

    Macy's (NYSE:M) beat the Street on Wednesday with a 20% jump in first-quarter profits and the iconic department store revealed a 25% dividend hike and a $1.5 billion...

  2. Macy's First-Quarter Net Up 20%, Raises Dividend and Buyback Authorization

    Macy's Inc.'s (M) first-quarter profit jumped 20%, coming in above Street views, as the department store operator logged stronger revenue, though margins were flat a...

  3. Macy's Profit Tops View; Dividend, Buyback Raised

    Macy's Inc.'s first-quarter profit rose to $217 million, or 55 cents a share, from $181 million, or 43 cents, a year earlier. Sales rose 4% to $6.39 billion. Compara...

  4. Treasury chief to meet with Wall Street executives

    Treasury Secretary Jack Lew will meet with Wall Street and business executives in New York on Thursday evening to discuss issues, including how to strengthen the U.S...

  5. Macy's, J.C. Penney to Resume Trial over Martha Stewart

    Macy's Inc (NYSE:M) and rival J.C. Penney Co Inc (NYSE:JCP) are due back in court Monday in their battle over Martha Stewart home goods after a month-long mediation ...

  6. Macy's CEO Saw Compensation Decline 22% Last Year

    Macy's (M) Chief Executive Terry Lundgren saw his compensation package fall roughly 20% last year, to $14 million, according to a proxy filed with the Securities and...

  7. Macy's CEO 2012 Compensation Declines 22%

    Macy's Inc. (M) Chief Executive Terry Lundgren saw his compensation package fall roughly 22% in value last year to $14 million, according to a proxy statement filed ...

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