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kidglue.com 3 weeks, 3 days agoIntroo…. WWD June 26, 1998 NEW YORK , Federated Department Stores said Thursday it is establishing Macys.Com as a separate subsidiary, in a move to “take full advantage of the Internet’s continued emergence as a vehicle for consumers’ shopping needs.” Federated, with sales of $15.6 billion in 1997, is projecting electronic commerce will eventually bring it sales of $1 billion annually, a spokeswoman for the Cincinnati-based retailer said. The creation of Macys.Com as a freestanding subsidiary is part of Fed










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