Macy’s second quarter sales decreased 2.6%, but chairman and CEO Terry Lundgren was optimistic in a press release the company issued on Wednesday morning, even though he added that sales for the fiscal year will probably be down 1%. Here’s why Lundgren is still smiling despite the negative numbers.
Amazon has announced plans to open a nearly 500,000-square-foot fulfillment center in Joliet, Ill. The site, which will create 1,000 full-time jobs when it opens, is the company’s first in the state.
The U.S. Postal Service saw a smaller net loss in its third quarter, and continues to record gains in its shipping and package operations.
Back to school shopping wasn’t cool when you were a kid… and apparently it wasn’t too cool in July. Back to school sales seemed to be slumping, and the season seemed to be taking on a new life a la the traditional holiday shopping season.
At the heart of the solution is a completely redesigned TractorSupply.com, which provides optimal viewing across all devices, easier integration with social media pages, and a simplified check-out process. Behind the scenes, the company migrated the entire platform to a new IBM Cloud for greater overall business performance.
Siteworx has launched the Irish Setter Boots ecommerce website for the Red Wing Shoe Company. The new website allows consumers to research, compare and purchase Irish Setter hunting boots through a new digital channel.
Globalization is Alibaba Group’s most important strategy for the coming decades, and its goal is to help 10 million global businesses and serve 2 billion consumers around the world. That’s why Alibaba Group announced the appointment of Michael Evans as President of Alibaba Group on Tuesday.
Macy’s is expanding same-day delivery service to nine additional markets, giving them 17 in all, surpassing Amazon which provides the service in 14 markets.
After a successful fall pilot in 8 markets, Macy’s is expanding same-day delivery service to 9 additional metro areas, giving it greater reach than Amazon.
UPS will acquire Coyote Logistics, a technology-driven, non-asset based truckload freight brokerage company, for $1.8 billion from Warburg Pincus.