By and  on August 14, 2014

Wall Street didn't much like Macy's Inc.'s second-quarter report and its cut in comparable-store sales outlook for the year, but Terry J. Lundgren, the store’s chairman and chief executive officer, says take a closer look.

Macy’s is on track, back-to-school is proceeding well and the company will meet its stated earnings goal for the year, Lundgren told WWD in an interview Wednesday, just after the $27.93 billion department store giant posted its quarterly results.

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