Terry J Lundgren

With same-store sales increases of 6.7 per cent and 7.5 per cent respectively, Macy’s and Kohl’s outperformed rival J.C. Penney in June, as J.C. Penney came up short of Wall Street estimates with a slight 2 per cent gain. Macy’s...

US-based department store chain Macy's Inc has recently announced that it will build a new fulfilment centre near Martinsburg in Berkeley County, West Virginia, to support the continued growth of its online business. Construction on the 1.3 mn sq.ft facility...