Too much retail space in America is an issue, says former Macy's CEO

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Too much retail space in America is an issue, says former Macy's CEO

The retail sector has trailed behind the broader market in 2019, gaining 11 percent compared to the S&P 500's 27 percent. Terry Lundgren, former Macy's chairman and CEO, joins "Squawk Box" to discuss the state of retailers and the consumer.
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Thu, Dec 19 20199:02 AM EST