As expected, Terry J. Lundgren is officially retiring from Macy's Inc. and its board on Jan. 31, at which time Jeffrey Gennette, chief executive officer, will add the title of chairman. Last March, Lundgren stepped down as chairman and ceo, and has since been executive chairman. Gennette became ceo in March. "I am proud of our company's growth, accomplishments and the talent we developed during the 14 years I have led Macy's Inc.," Lundgren said. "I have worked closely with Jeff and his team over the past two years, focusing on the changes and vision required for future success. I am confident that the company has the strategies, resources, talent and leadership to capitalize on the fundamental shifts in consumer shopping patterns we have all experienced. I continue to be impressed with Jeff's leadership, his decisiveness and his engagement with all levels of our outstanding organization." Lundgren became CEO in February 2003 and chairman and CEO in January 2004. He has been one of the nation's highest-profile retail executives, chairing the National Retail Federation twice