Those young people, he said, will soon go off to college, get married, buy a home and have babies."There are lots of purchases in their future that we're focused on," Lundgren told a room of reporters after the morning meeting. "We think we deserve to get a bigger share.". Macy's has spent the last two years grabbing market share from competitors including Kohl's, JC Penney and Dillard's, and boosting sales and profits. At Friday's annual meeting, Lundgren shared 2011 financial results with company investors 
Share:  Those young people, he said, will soon go off to college, get married, buy a home and have babies."There <span class="sent">are lots of purchases in their future that we're focused on," <span class="analyst">Lundgren</span> told a room of reporters after the morning meeting.</span> "We think we deserve to get a bigger share.". <span class="company">Macy's</span> has spent the last two years grabbing market share from competitors including Kohl's, JC Penney and Dillard's, and boosting sales and profits. At Friday's annual meeting, <span class="analyst">Lundgren</span> shared 2011 financial results with company investors....<span class="company">Macy's</span> share price has increased nearly 30 percent since last year's annual May meeting and tripled since the 2009 event. <span class="sent">The retailer has twice doubled the dividend it pays to investors, <span class="analyst">Lundgren</span> said.</span> And the pace is continuing in 2012. Same store sales grew 4.4 percent in the first quarter and earnings per share 43 percent....New price checkers will suggest other items a shopper might consider buying. <span class="sent">All of those technology efforts are appealing to that young shopper, <span class="analyst">Lundgren</span> said.</span> But merchandise is important, too. According to BIGinsight, a Columbus based retail research firm, <span class="company">Macy's</span> has grown market share in the women's clothing category by more than 60 percent from January through April 2012....<span class="company">Macy's</span> is shopped most frequently for fashion forward apparel, the firm's latest report shows. <span class="sent">Helping that growth, <span class="analyst">Lundgren</span> says are activities like this spring's Fashion Star, the NBC reality television show posing challenges to emerging fashion designers.</span> <span class="company">Macy's</span>, Saks Fifth Avenue and H&M had judges on the panel and sold the winning designs in stores and online."That's been like an hour long marketing program for us," <span class="analyst">Lundgren</span> said....<span class="company">Macy's</span>, Saks Fifth Avenue and H&M had judges on the panel and sold the winning designs in stores and online."That's <span class="sent">been like an hour long marketing program for us," <span class="analyst">Lundgren</span> said.</span> "The concept of being able to watch it on TV, have mentors evaluate, and you as a customer can buy it that night: I love that concept of instant gratification for fashion.". Next week, <span class="company">Macy's</span> launches a campaign and lines of clothing inspired by Brazil....A portion of profits will go to preserve the Amazon Rainforest. <span class="sent">The promotion runs through June."We'll stage (promotions) in these opportune moments when we feel like we need to fill a void in the calendar," <span class="analyst">Lundgren</span> said.</span> "It's a great way to bring fashion into the store and excitement and newness.". Tweet this   read full story

Macy's, Inc ( ) has been taking prudent steps to increase sales, profitability and cash flows. These include integration of operations, consolidation of divisions and customer centric localization initiatives. To help drive traffic, Macy's continues to focus on price optimization, inventory management and merchandise planning. 
Share:  <span class="company">Macy</span>'s, Inc ( ) has been taking prudent steps to increase sales, profitability and cash flows. These include integration of operations, consolidation of divisions and customer centric localization initiatives. To help drive traffic, <span class="company">Macy</span>'s continues to focus on price optimization, inventory management and merchandise planning. Tweet this   read full story

To adapt its supply chain to expanded online sales, Macy's is equipping stores to dispatch online orders that a warehouse may not have in stock. "We now have over 80 stores equipped to fulfill orders from other stores or from online demand, and by the holiday season, we'll have over 290 store fulfillment locations," Chief Financial Officer Karen Hoguet told analysts. Macy's has more than 800 retail stores. "We think the sales potential from this omnichannel approach is enormous," Hoquet said. 
Share:  To adapt its supply chain to expanded online sales, <span class="company">Macy</span>'s is equipping stores to dispatch online orders that a warehouse may not have in stock. <span class="sent">"We now have over 80 stores equipped to fulfill orders from other stores or from online demand, and by the holiday season, we'll have over 290 store fulfillment locations," Chief Financial Officer <span class="analyst">Karen Hoguet</span> told analysts.</span> <span class="company">Macy</span>'s has more than 800 retail stores. "We think the sales potential from this omnichannel approach is enormous," Hoquet said. Tweet this   read full story

Analysts at Citigroup ( NYSE: C) reiterated a "buy" rating on shares of Macy's in a research note to investors on Wednesday, April 11st. 
Share:  <span class="sent">Analysts at Citigroup ( NYSE: C) reiterated a "buy" rating on shares of Macy's in a research note to investors on Wednesday, April 11st.</span> Tweet this   read full story

Profits at Macy's climbed 38 percent in the first quarter, the company announced yesterday. CEO Terry Lundgren told Evan Clark at Women's Wear Daily they're going to continue to get JCPenney's customers while the department store takes time to revamp. "We have demonstrated that we are taking market share," Lundgren told WWD. "We are going to continue to take market share. We don't have to have a perfect economic forecast in front of us to be able to forecast our business." 
Share:  Profits at <span class="company">Macy</span>'s climbed 38 percent in the first quarter, the company announced yesterday. <span class="sent">CEO <span class="analyst">Terry Lundgren</span> told Evan Clark at Women's Wear Daily they're going to continue to get JCPenney's customers while the department store takes time to revamp.</span> "We have demonstrated that we are taking market share," Lundgren told WWD. "We are going to continue to take market share. We don't have to have a perfect economic forecast in front of us to be able to forecast our business."...CEO Terry <span class="analyst">Lundgren</span> told Evan Clark at Women's Wear Daily they're going to continue to get JCPenney's customers while the department store takes time to revamp. <span class="sent">"We have demonstrated that we are taking market share," <span class="analyst">Lundgren</span> told WWD. "We are going to continue to take market share.</span> We don't have to have a perfect economic forecast in front of us to be able to forecast our business." . .... <span class="sent"><span class="company">Macy</span>'s is picking up business in malls where it competes head to head with JCPenney, <span class="analyst">Lundgren</span> said.</span> Web sales also grew more than 30 percent in the first quarter alone. . Tweet this   read full story

With second half catalysts on the horizon, such as Internet initiatives "and continued market share leadership in the moderate space, we view Macy's as a core portfolio holding," J. P. Morgan analyst Matthew Boss said. 
Share:  <span class="sent">With second half catalysts on the horizon, such as Internet initiatives "and continued market share leadership in the moderate space, we view <span class="company">Macy</span>'s as a core portfolio holding," J. P. Morgan analyst <span class="analyst">Matthew Boss</span> said.</span> Tweet this   read full story