Federated Department Stores News

In this Wednesday, May 30, 2012, photo, shoppers walk through the South Shore Mall in Braintree, Mass.

PNC Financial Services Group is buying a historic former Mellon Bank building in downtown Pittsburgh with plans to move 800 employees there in administrative offices.

Major retailers including Target Corp., Macy's Inc. and Limited Brands Inc. all posted bigger-than-expected gains from a year ago.

Macy's beat analysts expectations for May same-store sales, showing 4.2% growth .

Macy's had total sales of $2.015 billion for the four weeks ended May 26, 2012, as compared with total sales of $1.94 billion in the four weeks ended May 28, 2011.

Capital Style helps readers find the latest in fashion, shopping, beauty and home decor.

The economic calendar is quite full this week, with most of the focus on the U.S. nonfarm payrolls report.

At a shareholders meeting in NY, Terry J. Lundgren , president, chairman and CEO of Macy's Inc.

Macy's Inc. will sell an assortment of its private brand merchandise directly to consumers in China through a Macy's section on omei.com, a new China-based online retailer of in-season luxury and fashion brands, the Cincinnati Business Courier reports.

Oh, no! It has been discovered Starbucks is operating a stealth store inside a Macy's branch, and that it sells beers and wines without displaying the trademark mermaid logo and limited menu.

The Commerce Department says sales increased 3.3 percent in April from March to a seasonally adjusted annual rate of 343,000. That followed a 7.3 percent decline in March.

M ) said Wednesday that it acquired a stake in the operator of a Chinese online retailer, which will start selling some of the department store chain's private label merchandise next spring.

Macy's Inc said on Wednesday it will start selling some items in its private brand assortment directly to shoppers in China through a deal with a new online retailer there.

Shoppers who stay at the The Coast Bellevue Hotel in Bellevue, WA, can use their keycard as a discount pass for shopping at Macy's department store.

Macy's management is intent on leveraging every possible channel to maximize sales and gain market share.

Macy's is amping up its tech spending in an effort to better reach millennials, CEO Terry Lundgren said at a shareholder meeting Friday.

U.S. retailers believe this life left in their brick-and-mortar stores and they're trying new ways of making them more inviting by pampering customers - both the two- and four-legged kinds.

Macy's Inc. expects to have 292 of its department stores working double duty at fulfillment center for online orders by Nov.

Children and teens stealing iPhones inside the Charleston Town Center Mall to later resell them is a rising problem, according to three cell phone carrier employees at the mall.

NOVEMBER 10: Honoree Cory Booker, Mayor of Newark attends the 2011 Emery Awards at Cipriani, Wall Street on November 10, 2011 in New York, City.