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Macy’s CEO Terry Lundgren on the importance on the need to reach an agreement on the fiscal cliff.
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I'm Cheryl Casone right here in the heart of New York City.
Where he has a very special gas -- -- Good morning -- get -- well yes shares of Macy's over the last are performing very well for their shareholders.
A lot of people give credit to this man Terry Lundgren chairman and CEO Macy's joins me right -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- You also I have been up all night we should mention 111000.
People -- through those doors at.
At least stop that we count 111000 fastest at the front door and they -- never NI five active forty minutes or eighteen appointments -- -- that the front door route like.
We're just getting and I felt like -- long and I stood there.
It would discontinue so at least eleven about what would it be that they get so I think about two CEO as you're walking out of the floor people are asking for directions to the -- -- You're helping them.
Parsons that I did for retailers that this -- I live for days like this but.
It really is about the customer you know he would never forget that and today's our data assist the customer help heard him find great values and what we were doing that today.
How do you feel so far about the numbers I -- in the -- their clients are right now you're looking around saying how many bags that -- -- if those bags.
Our fault I didn't do it right now and so I don't let up but the numbers they are visiting and -- Think -- a big day yeah I think it's gonna be a great day as a matter fact you know you obviously have to watch the date -- because we have stores all the way to Hawaii.
You know from the East Coast -- got a number of times zones but.
Doesn't really have crowds that turn out the way that they they have this morning it is today it is an indication that people -- that the values are good people understand those values and they're coming out for the.
Let's talk about some of the things that that people are buying when they come into a Macy's you've you've put a lot of your capital your energy.
-- your celebrity brands in particular I have to ask you do you have.
Bieber fever literally because of the attention that is brought to Macy's and and the sales numbers -- Rhonda I don't personally happy with the younger age fifty Qaeda that -- well diet that I -- the crowd that -- generated.
What we did -- record signing here.
I mean I've never seen anything like it and you think there's -- here this morning.
Well there's 40000.
Young people some signs lined up staying the night outside the building waiting for his personal -- of I I've I got that either be around all over significant -- had traffic to my store I've I'm on a daily activities supporter but this guy he's great day.
You've also got the other -- -- they've obviously Donald Trump is -- Europe.
Favorite -- lot of controversy with mr.
-- right now -- -- -- online petition they want you to get rid of Donald Trump might feel right.
You know at any given time we think.
Targeted to control what any of our celebrities are gonna say -- -- or do.
And it's -- to be controversy and so but you know our case it doesn't necessarily mean that that that that's our belief our company -- -- and so.
And we we get these kinds of things all the time I -- people that's it suggested that we cancel the parade this year because of hurricane -- -- -- -- we get lots of people with lots of opinions of respect those individual opinions but ultimately the consumer decides.
What whatever whatever they -- -- -- what we're gonna we're gonna sell that's -- it's really up to the consumer.
I wanted to ask you about the storm of outstanding were you nervous.
About I mean obviously you -- in New York -- families here but at the same time are you nervous about what that would mean.
For the store itself I mean he obviously -- a -- -- -- shopping in those two weeks then the holidays as well.
We definitely we only had 200 stores close 43 days at at the beginning of the month of the November period.
Does very difficult and you know I think the -- as far as that is.
What was even harder is those were impacted we have we have forty of our own employees lost their house 200.
-- -- displaced from their homes still.
I and -- Macy's has created not justified for the Red Cross but and -- I'm where probably raise a million -- for the Red Cross but we also raising a private find the time.
Person -- for a place to try to get them back on their feet and to try to.
You know can't get our own employees to participate in getting -- across the country down -- forgiving for our employees and it's been a great.
Something else that you did yesterday.
