Black Friday is one of the busiest shopping days of the year and a critical time for retailers like Macy's, which opened its doors at 6pm on Thanksgiving Day, two hours earlier than last year. With stiff competition, Macy's is under pressure to adapt and cater to customer's preferences. TheStreet's Scott Gamm speaks with Macy's Chairman & CEO Terry Lundgren about why the retailer opened earlier this year, how the company's gross margins will be impacted by deep discounts and the state of the Ame
Retail giant cuts outlook: sign of discounts to come?
Terry Lundgren, Macy's chairman & CEO, provides a preview of Macy's expectations this season.
As Black Friday is in full swing, Macy's CEO, Terry Lundgren, talks to Nina dos Santos about the holiday sales outlook.
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