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Report: Macy’s rolling out new order fulfillment system
New York -- Macy’s Inc. is rolling out a new order fulfillment system that lays the groundwork for same-day delivery services by leveraging the proximity of its physical store locations to its customers, according to a report on the Huffington Post.
To date, 280 stores have been outfitted to provide shipping services.
Online retail giants Amazon and eBay are moving in the same direction, the report said.
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More pain before long-term gain at JCP
If JCPenney CEO Ron Johnson is concerned by a 21.7% second-quarter same-store sales decline and a worse-than-expected loss, it wasn't evident Friday morning.
The retailer said sales for the second quarter ended July 28 declined 22.6% to a little more than $3 billion, resulting in a $147 million loss, or 67 cents per share. After adjusting for $159 million in restructuring charges, the company reported a loss of $81 million, or 37 cents per share. The 21.7% comp decline follows a first-quarter decline of 18.9%.