20 Facts About Terry Lundgren

Terrence James Lundgren was born on March 23,1952 and is an American business executive who retired on January 31,2018, as executive chairman of Macy's, Inc the parent company of fashion retailers Macy's, Bloomingdale's and Bluemercury.

Terry Lundgren had served for 14 years as chairman and chief executive officer of Macy's, Inc.

Terry Lundgren was named an executive in residence at Columbia Business School in 2017.

Terry Lundgren was the only member of the six that went to college because of his parents' limited financial capacity.

Terry Lundgren's parents stopped paying for his tuition, seeing Lundgren did not have good grades.

Terry Lundgren served as CEO of Neiman Marcus before returning to Federated in 1994.

Terry Lundgren was instrumental in developing the company's private brands of merchandise and led the 2005 merger of Federated and May Department Stores Company, creating one of the largest retailers in the world, with more than 800 US stores and 2008 net sales of US$24.9 billion.

Under Terry Lundgren, Macy's implemented a successful "My Macy's", localization initiative in spring 2008 to tailor a portion of every store's assortment to local tastes and color.

Terry Lundgren reported that of its top 15 best-performing geographic markets in the key holiday selling month of December 2008,13 were My Macy's pilot districts.

Terry Lundgren led Macy's significant investments in ecommerce and mobile shopping, which led it to become one of the largest online retailers in America.

The gala held in Terry Lundgren's honor raised $4.2 million for Carnegie Hall.

Terry Lundgren was named one of the Top 30 CEOs in the world by Barron's in 2015.

Terry Lundgren was Women's Wear Daily's "Newsmaker of the Year" in 2014 and is the recipient of the Deming Cup by Columbia Business School for distinction in leading continuous improvement.

Terry Lundgren has been presented with numerous business recognition awards and has served as dinner chairman or as honoree for numerous retail industry organizations and charities, including Carnegie Hall, MoMA, BRAG, the Fresh Air Fund, American Jewish Council, Breast Cancer Awareness, NOW Legal Defense, Parsons School, Fashion Institute of Technology and the Ovarian Cancer Society.

Terry Lundgren is a former board member of The New York City Partnership and United Way of New York City, in addition to participating in numerous other charitable and civic efforts.

Terry Lundgren served for two terms as chairman of the National Minority Supplier Development Council, and was co-chair of the American Heart Association's CEO Roundtable.

Terry Lundgren served twice as chairman of the National Retail Federation, the retail industry's primary trade association.

Terry Lundgren was married to Nancy Cross until their divorce; he has two daughters from this marriage.

Lundgren is the namesake of the Terry J Lundgren Center for Retailing at the University of Arizona, where he is an alumnus, having graduated in 1974 with a bachelor's degree.

In 2000, Terry Lundgren was awarded an honorary doctorate and delivered the university's commencement address.