Retailing’s Online Race: Federated Ups the Ante With $1B Sales Target
Trying to narrow the gap with rivals such as J.C. Penney, Federated Department Stores Inc. is spending another $100 million to beef up Internet operations and crack $1 billion in direct-to-consumer sales by next year.
From This Issue
Does a scattershot list of gay Timesmen a mafia make? According to Out magazine’s media-heavy Power 50 list, which ranked several New York Times reporters a collective seventh on the list, it does, even if many of its made men don’t actually know…