The winner, selected by WWD editors, will be published Dec. 16.
TERRY J. LUNDGREN
TITLE: Chairman, president and chief executive officer
COMPANY: Macy’s Inc.
NEWS THIS YEAR: Department stores, once regarded as dinosaurs, have new life and a lot of that is due to Terry J. Lundgren, the high-profile Macy’s chief.
Under his stewardship, the offering at many Macy’s locations has a localized component; exclusive product across the chain is growing; the spotlight is back on the Herald Square flagship, where a $400 million top-to-bottom renovation is moving forward, and investments in technology and omnichannel initiatives are on the rise. He’s a big believer in mobile, and he has supported the development of macys.com, which has emerged as a leading Web site. In each of the last three years, Macy’s has racked up $1.2 billion in sales increases, on average.
Lundgren also has enabled Bloomingdale’s to diversify its footprint to a more specialized format in a handful of locations, to venture overseas with its first international location in Dubai, and continue to expand the brand domestically. For More