The tough economy has Terry Lundgren rallying his troops.
Striking back after Wall Street concluded a dismal week Friday as doubts about the economy, retailing in general and his firm in particular dropped the company's stock and dozens of other retail issues to new 52-week lows, the Macy'sInc. chairman, president and chief executive officer went on the offensive, writing a letter to his management reassuring them about the company's financial condition and competitiveness.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)