Macy's to Build Distribution Hub

With online sales gaining faster traction than traditional sales, Macy's Inc. (M), one of the leading department store retailers in the United States, felt the need to construct a new distribution center in a 1.3 million square-foot facility near Martinsburg in Berkeley County, West Virginia, to better serve the increasing online orders. Online sales, which include macys.com and bloomingdales.com, jumped approximately 29% in the first 10 months of fiscal 2010, on top of a 20% growth registered in fiscal 2009. During the most recent quarter online sales were up about 24%. Read the rest here.