Former Macy's CEO Lundgren betting on these three retailers

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“There’s too much retail space in the United States. There's way too much retail space.” Former Macy’s CEO Terry Lundgren shares his take on the state of the retail business and what he thinks needs to change.

Terry Lundgren, former Macy's CEO, joins CNBC's "Power Lunch" team to discuss how Macy's is faring, the upcoming week of retail earnings and the retail sector as a whole.

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