Macy’s Surges on Lundgren’s Plan to Close More Stores: Chart

Macy's CEO Lundgren: Investing in Staff Pays Off

Macy’s Inc. climbed as much as 17 percent, the biggest intraday gain since December 2008, after announcing plans to close about 100 stores, or 14 percent of its 728 locations. The move put the largest U.S. department-store company back in positive territory for the year with the stock leading the S&P 500 Index on Thursday.