Retail
Macy's Beefs Up Online With 725 New Jobs
Stock quotes in this article:M
NEW YORK (TheStreet) -- Macy's(M) is beefing up its online business, with plans to add 725 new jobs in the division.
The department store said on Tuesday that its online sales have surged 29% during the first 10 months of 2010. These new jobs will be realized over the next two years, and overall Macy's plans to add 3,500 jobs when including full-time, part-time and seasonal help. The company previously announced it is building a new $150 million online fulfillment center near Martinsburg, W. Va., and will hire 1,900 full- and part-time employees. Macy's is also expanding a fulfillment center near Portland, Tenn. The new year has already set an optimistic tone for hiring in the retail sector, with Dollar General(DG) announcing on Monday that it will open 625 new stores in 2011 and create 6,000 jobs. --Written by Jeanine Poggi in New York. >To contact the writer of this article, click here: Jeanine Poggi. >To follow the writer on Twitter, go to http://twitter.com/jpoggi. >To submit a news tip, send an email to: tips@thestreet.com.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
107.26
|
|
DOWN
74.92 |
DOWN
2.86 |
DOWN
1.85 |
DOWN
0.14 |
10 Yr
1.74%
SPDR Gold
152.68
|
|
-0.60%
|
-0.22%
|
-0.07%
|
-0.80%
|
Data delayed 20 minutes |


Connect with TheStreet