BOSTON — Macy’s is actively investigating opening stores in China, but chairman, president and chief executive officer Terry Lundgren said there’s no immediate time frame to ink a deal to put the department store brand in the world’s most populous nation.
“I’m going there every year and we’re taking our time,” said Lundgren during the opening keynote address of the Sixth Annual Retail & Luxury Goods Conference at Harvard Business School earlier this month. “We’re looking for the right partner.”
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