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Macy's (M) CEO Lundgren 'Encouraged' by Consumer Spending

NEW YORK (TheStreet) --With Black Friday finally here, Americans nationwide will flock to stores in search of lucrative sales. One store taking full advantage of the unofficial retail holiday is Macy's. (M) CEO Terry Lundgren joined CNBC's "Squawk Box" this morning to talk all things Black Friday and the state of the consumer.

Lundgren began by noting the shift in the way consumers are embracing the shopping experience.

"They start on their phones, do their research, decide where they are going to buy...