Macy's CEO: High unemployment could slow full recovery for retail

04/23/2010 | CNBC

Ongoing U.S. unemployment is a threat to long-term retail sales recovery, despite recent sales improvements, said Macy's Chairman and CEO Terry Lundgren. "There isn't really anything that I see that's happening in our economy that will suggest that there's going to be big momentum toward job growth," Lundgren said in this CNBC interview.

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