Retail - Latin America -: CEO Terry Lundgren: A Focus on Turning ...

That experience, says Lundgren -- who spoke at Wharton as part of the J.H. Baker Retailing Initiative lecture series -- helped him shape a new vision of store regionalization for the Cincinnati, Ohio-based Macy's retail chain. .... Indeed, Macy's executives noticed that consumer spending was slowing down gradually in the months before the September 20, 2008, collapse of Lehmann Brothers and the ensuing meltdown, and then saw a rapid falloff in shopping after that. ...