Macy's (M) Misses Q2 EPS by 13c; Will Sell Downtown Brooklyn Property

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Macy’s Forms Joint Venture with Fung Retailing to Test e-commerce in China

August 12, 2015 8:00 AM EDT

Americas leading fashion retailer to begin selling on Alibaba Groups Tmall Global in late 2015

CINCINNATI--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today announced it has formed a free-standing joint venture with Hong Kong-based Fung Retailing Limited (a privately-held enterprise; see footnote below) to explore retailing in China, one of the worlds largest and fastest-growing consumer marketplaces.

(Editors Note: Macys, Inc. this morning also issued separate news releases announcing second quarter 2015 sales and earnings, and a real estate agreement in Brooklyn.)... More