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WWD 04/05/2007

WWD 04/05/2007

Retailing's Online Race: Federated Ups the Ante With $1B Sales Target

Trying to narrow the gap with rivals such as J.C. Penney, Federated Department Stores Inc. is spending another $100 million to beef up Internet operations and crack $1 billion in direct-to-consumer sales by next year.

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