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
. TheStreet's Scott Gamm reports from New York.