BARCELONA — Federated Department Stores is contemplating international expansion, Terry Lundgren, the retailer’s chairman, president and chief executive officer, told a conference of retailers here Friday.
Speaking at the World Retail Conference, Lundgren said he was in the early stages of “investigating” the “global expansion” of the Macy’s and Bloomingdale’s banners.
Though he stressed a jump abroad was at a “very early stage,” Lundgren said a successful international play held vast potential.
“It would have to be a meaningful opportunity,” said Lundgren. He underscored that it would have to be part of a clear strategy and create value for shareholders.
He did not indicate where his early leanings would lead him to plant Macy’s or Bloomingdale’s flags.
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