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Macy’s looks beyond its department stores to grow
Until the announcement Tuesday that Macy’s will buy specialty cosmetics and spa chain Bluemercury for $210 million, the department store giant hadn’t made an acquisition in 10 years.“It hasn’t been because we haven’t been looking [or] we haven’t been interested,” said chief executive Terry Lundgren in an interview. “We just hadn’t found the right opportunity for us, and we have now.”Read full article >>
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