Why Macy’s Departing Chairman Thinks the Chain Has Turned a Corner

In The Daily Scoop by Lauren Parker, Accessories Magazine

Macy’s (M) was among the many retailers to report sales gains for the holiday season, stoking renewed hope the retail industry is finally learning to combat Amazon.com (AMZN) and finding its footing again. The numbers, which put the department store chain on track to post its first quarter of comparable sales growth in three years, are the start of an awaited payoff to years of investment in Macy’s e-commerce firepower, says Macy’s departing executive chairman and former long-time CEO Terry Lundgren. Read more at Fortune

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