Macy's, Inc. (NYSE: M) and Luxottica Group S.p.A. (NYSE: LUX) have entered an agreement to open additional Sunglass Hut points of sale in about 430 Macy's department stores throughout the U.S. When this rollout is complete, Sunglass Hut, will be the exclusive Macy's in store sunglass department operators. Sunglass Hut currently has 240 departments operating in Macy's and with the new agreement the total number of in-store Sunglass Hut locations will be around 670.
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Macy's Inc.
Macy's, Inc., with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2008 sales of $24.9 billion. The company operates more than 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
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