Here's Why Macy's CEO Is Bullish on the Consumer and the Future of Retail



CEO Terry Lundgren is retiring in a few months, but remains bullish on the consumer and his store's future. "I've surrounded myself with really talented people including my successor," Lundgren said in an interview with 

TheStreet at the flagship Macy's store on 34th Street in New York City. Jeff Gennette is set to takeover as CEO in early 2017. Macy's stock price traded around $24 a share when Lundgren was named CEO in January 2004. It now trades near $45. Lundgren also comments on competition from rivals JCPenney

and Amazon

. TheStreet's Scott Gamm reports from New York.