Federated Net Rises in Fourth Quarter, to Become Macy’s Group
Goodbye, Federated, hello, Macy’s Group. The department store giant said Tuesday that it will drop the 78 year-old Federated name and switch to the Macy’s moniker as part of its drive to become a truly nationwide brand.
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Wal-Mart said Tuesday that it purchased a 35 percent stake in Taiwanese retailer Trust-Mart, which will more than double its retail footprint in China and allow the company to surpass global rival Carrefour by store count in the world’s most populous…
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