Macy's CEO On Mad Money (M)

Terry Lundgren, CEO of Macy's (NYSE: M), appeared on Mad Money's high noon segment with Jim Cramer. Lundgren said that Macy's (M) is a completely different company compared to a few years ago, as they now have a large national presence. He said that Macy's new line structure "is what has been working for us."

Lundgren said that he has marketing teams in 69 cities across the country providing local feedback. In addressing unemployment concerns, Lundgren said "I am still worried about the consumer." According to the CEO, credit card delinquencies at his company are under control, but still remain higher than historical norms.