Report: Macy's Exploring China Store

Macy's is exploring opening its first-ever department store in China, according to trade publication Women's Wear Daily. Chief Executive Terry Lundgren and other top executives have made several recent flights to China and may be close to signing a deal, said the trade publication citing unnamed sources. The retailer could open a full-blown Macy's or Bloomingdale's department store or possibly a specialty store selling private brand merchandise. If it opened a Bloomingdale's, it would be only the second such international store — the first is in Dubai.