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UA renames its retailing center for
Federated's CEO, an alumnus Terry Lundgren gave a "substantial" gift to the
university's Center for Retailing and Consumer Sciences, the center's
director said. By
Joseph Barrios ARIZONA
DAILY STAR |
The UA's Center
for Retailing and Consumer Sciences is being renamed in honor of Terry J.
Lundgren, an alumnus who grabbed headlines this week for engineering a merger
between two department-store chains.
On April 1, the
retail center will be renamed the Terry J. Lundgren Center for Retailing.
Lundgren, a
Long Beach, Calif., native, graduated in 1975 from the University of Arizona
College of Business and Public Administration. He's now CEO of Federated
Department Stores Inc., and he announced this week Federated - owner of Macy's
and Bloomingdale's - is merging with May Department Stores Inc., owner of
Robinsons-May.
The merger will
create a $30 billion national retailer with almost 1,000 stores in 49 states,
Guam, Puerto Rico and the District of Columbia.
Lundgren gave a
UA commencement address in 2000 and was awarded an honorary doctor of laws
degree that year.
Melinda Burke,
director of the retailing center, said Lundgren made a "substantial
personal investment in the center through the UA Foundation." She declined
to reveal the amount.
An employee in
Lundgren's Cincinnati office said he was in Hawaii and unavailable for comment.
Lundgren's
"friendship" with the center, which began after he received an
honorary degree, is a big benefit for students, Burke said.
"It's motivating. It's inspiring. It encourages students to set very high goals for themselves when they have a role model like Terry Lundgren," she said. "He's very serious of his desire to give back to students. When he's here, it's all about the students."
Burke called
Lundgren an "innovative leader" and said the center's renaming
"has been in the works for three years." The new name will help the
center build partnerships, she said.
Federated has
been a member of the center since 1993 and provides scholarships and career
opportunities for students in the Retailing and Consumer Sciences program. The
center is part of the UA's John and Doris Norton School of Family and Consumer
Sciences.
Lundgren will
be keynote speaker and honoree at the center's annual Global Retailing
Conference, April 13-16.
Lundgren took
part in the university's capital campaign, Campaign Arizona. He also works with
the school of family and consumer sciences' $15 million capital campaign for a
new building. In May, Lundgren was recognized with the UA's "Alumni
Achievement" award.