What will happen to Macy’s after Terry Lundgren steps down as CEO?
In my latest Retail Wire weigh-in, I argue for Macy's taking a less insular approach to leadership succession.
Terry Lundgren is one of the last members of retail’s old guard still at the helm of a major retailer. After acknowledging that he was tardy to retail’s digital party, Lundgren coached an admirable game of catch-up but more will be needed in order to secure Macy’s future. It’s interesting that Ron Johnson’s name came up in this discussion. Perhaps Johnson-phobia is fueling a preference for home-grown leadership but I can’t help but think that bringing in an outsider would make more sense at this critical juncture. At least have a look at some fresh faces?