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Macy's CEO: Why We Had to Close So Many Stores

From overseeing the marriage between department stores Federated and May back in 2005 to buying cosmetics retailer BlueMercury last year, Macy's (M) Chairman and CEO Terry Lundgren hasn't been shy about signing off on bold moves.

But August 11, 2016 may go down as the day where Lundgren announced one of the biggest moves ever in his long tenure at Macy's, just as he prepare to hand over the CEO reins to hand-picked successor Jeff Gennette next year.

Amid the shift to online shopping that has made...


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