Terry J. Lundgren, former chairman and CEO of Macy’s Inc., was honored with the Retail Excellence Award by Wharton’s Baker Retailing Center and the RLC Global Forum, recognizing his lasting impact on the industry. Surrounded by top retail executives and peers, Lundgren was celebrated for his leadership in transforming Macy’s through initiatives like the May Department Stores merger, the My Macy’s localization strategy, and early investments in e-commerce. In his remarks, he underscored the importance of humility and collaboration in leadership, noting that success comes from “surrounding yourself with people who have the answers.” Comparing his Macy’s team to “the Yankees,” Lundgren credited collective talent and engagement as the foundation of the company’s achievements. Though retired since 2018, his continued involvement with institutions like Wharton and the University of Arizona underscores his ongoing commitment to developing the next generation of retail leaders.