On the consumer, he said Thursday: "Consumers' been spending. They've just been buying automobiles and buying home improvement."
He added, "We've had record sales of cars. They don't need another car. They don't need to fix their home anymore. ... It's my turn. It's our turn."
In June, Macy's announced Lundgren will step down as CEO in 2017 and be replaced by company president Jeff Gennette.
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