Today's consumer has $1 trillion more in spending power driven by savings: Fmr. Macy's CEO

Terry Lundgren, Former Macy’s chairman and CEO, says it's not new there are shipping delays during the holiday season. Retailers plan for what they expect for this time period and make sure packages are delivered in time. He joins 'Closing Bell' to talk about his outlook for the consumer in 2021. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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