Macy’s has apparently set its sights on China in its ongoing efforts at international expansion.
Terry J. Lundgren, Macy’s chairman and chief executive officer, has been eyeing China for a while, planning on either opening a Macy’s department store or a series of specialty stores featuring popular in-house brands like Alfani, American Rag, Material Girl, Charter Club, and INC.
The company has been testing the Chinese market through e-commerce – initially through its macys.com website and then in 2012, through a partnership with Chinese e-commerce firm VIPStore, the operator of omei.com.
(Source: red luxury)