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Terry Lundgren

Black Friday retail winners and losers

Strategic Resource Group’s Burt Flickinger on the Black Friday retail winners and losers.

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  1. Macy's 2Q Profits Barely Budge, Miss Views

    Department-store operator Macy's (NYSE:M) disclosed a weaker-than-expected 0.7% bump in second-quarter profits on Wednesday and dimmed its full-year earnings outlook...

  2. Analysis: P&G all-star board's oversight questioned as CEO departs

    The sudden exit of Procter & Gamble Co's Bob McDonald as chief executive and the return of former CEO A.G. Lafley in his place has raised questions about the vigilan...

  3. 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 a...

  4. 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...

  5. 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...

  6. 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...

  7. 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...

  8. 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 ...

  9. 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...

  10. 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 ...

  11. 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...

  12. 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...

  1. Where to invest in retail

    Strategic Resource Group managing director Burt Flickinger and Macquarie Capital senior analyst Liz Dunn discuss retail sales.

  2. Macy's chief merchant named president in possible succession move

    Macy's Inc said on Monday it promoted its chief merchandising officer, Jeffrey Gennette, to president of the company, in a move that positions him to potentially bec...

  3. Macy's Elevates CMO to President

    Macy's (NYSE:M) announced on Monday the promotion of chief merchandising officer Jeffrey Gennette to the position of president, expanding the department store execut...

  4. Macy's Reports Mixed 4Q

    Macy's (NYSE:M) logged a better-than-expected 11% jump in fourth-quarter profits on Tuesday, but the department store's sales missed targets as harsh winter weather ...

  5. Macy's to Fire 2,500 People to Save $100M Annually

    Macy's (NYSE:M) will axe 2,500 jobs and close five weaker-performing stores as part of a streamlining move designed to save as much as $100 million annually starting...

  6. Wall Street Bids Macy's 8% Higher on 3Q Beat

    Macy's (NYSE:M) posted a stronger-than-expected 22% rise in third-quarter profits on Wednesday as the department-store operator generated steady same-store sales gro...

  7. Retailer Sales Inch Up as Shoppers Stay Cautious

    U.S. shoppers remained cautious in September, gravitating toward bargains as their confidence took a hit from political strife in Washington and slow job growth, jus...

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