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March 31, 2022, 1:56 p.m. EDT

Macy's to add 2,800 jobs with $584 million North Carolina fulfillment center

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By Tonya Garcia

M

Macy's Inc. /zigman2/quotes/201854387/composite M +9.91% said Thursday that it will open a fulfillment center in China Grove, N.C. in 2024 that will employ 2,800 workers. The facility, which will span 1.4 million square feet and cost $584 million, will account for 30% of the department store retailer's digital supply chain capacity. Macy's is also expanding its Texas facility, with the new distribution center expected to be complete mid-2023. Macy's stock was down 3.5% on Thursday, but has rallied more than 52% over the past year.

/zigman2/quotes/201854387/composite
US : U.S.: NYSE
$ 20.96
+1.89 +9.91%
Volume: 50.95M
June 24, 2022 4:00p
P/E Ratio
3.98
Dividend Yield
3.01%
Market Cap
$5.14 billion
Rev. per Employee
$292,211
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