2. Constructing a new 595,000-square-foot distribution center designed specifically to handle direct-to-consumer orders and supported by a tailored warehouse management system. Groundbreaking for the new facility, to be built in Portland, TN, is expected in February 2006, with completion in spring 2007.
"Our online businesses have performed very well over the past several years, with consistent double-digit sales growth rates and improving profitability," Lundgren added.
"To maintain the momentum, we recognize we need to invest to better serve additional customers who want to shop online for the type of fashion merchandise we sell, especially as Macy's and Bloomingdale's expand their store presence nationwide. We are very serious about capitalizing on this opportunity," he continued.
Federated Department Stores Inc, with corporate offices in Cincinnati and New York, is one of the nation's premier retailers. With the May Company's more than 490 department stores and more than 720 bridal and formalwear stores in 49 states, the District of Columbia and Puerto Rico.
Federated Department Stores Inc
marketing@alchempro.com
