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Wikipedia

Macy's

Macy's (originally R. H. Macy & Co.) is an American department store chain founded in 1858 by Rowland Hussey Macy. It has been a sister brand to the Bloomingdale's department store chain since being acquired by holding company Federated Department Stores in 1994, which renamed itself Macy's, Inc. in 2007. It is the largest department store company by retail sales in the United States as of 2015.

Macy's
Macy's Herald Square, the flagship store in 2018
FormerlyR. H. Macy & Co.
TypeSubsidiary
IndustryRetail
FoundedOctober 28, 1858; 165 years ago (1858-10-28) in New York, New York, U.S.
FounderRowland Hussey Macy
Headquarters,
U.S.
Number of locations
508
Areas served
United States
Puerto Rico
Guam
U.S. Virgin Islands (coming soon)
Key people
Jeff Gennette (Chairman/CEO)[2]
Products
  • Clothing
  • footwear
  • accessories
  • handbags
  • jewelry
  • cosmetics
  • fragrances
  • bedding
  • bath
  • furniture
  • decor
  • housewares
  • appliances
  • electronics
  • toys
  • giftware
ParentMacy's, Inc. (1994–present)
Subsidiaries
  • Macy's Furniture Gallery
  • Market by Macy's[3]
  • Macy's Backstage[4]
Websitemacys.com

Macy's operates with 508 stores in the United States.[5] Its flagship store is located at Herald Square in the New York City borough of Manhattan. The company had 94,000 employees and an annual revenue of 25.3B as of January, 2023.[6]

Macy's has conducted the annual Macy's Thanksgiving Day Parade in New York City since 1924 and has sponsored the city's annual Fourth of July fireworks display since 1976. Macy's Herald Square is one of the largest department stores in the world.[7] The flagship store covers almost an entire New York City block, features about 1.1 million square feet of retail space, includes additional space for offices and storage, and serves as the endpoint for the Thanksgiving Day parade. The value of Herald Square alone is estimated at $3 billion.[8]

In August 2021, WHP Global announced that Toys "R" Us is opening 400+ stores within Macy's starting in 2022.[9]

The Start of Macy's edit

1800s edit

 
Former Macy's logo, until 2019, although it is seen on many storefronts

Rowland Hussey Macy opened four retail dry goods stores between 1843 and 1855. One of them was the original Macy's store in downtown Haverhill, Massachusetts; it opened in 1851 to serve the mill industry employees of the area. They all failed, but he learned from his mistakes. Macy moved to New York City in 1858, to establish a new store named "R. H. Macy & Co." on Sixth Avenue between 13th and 14th Streets. The location was far north of where other dry goods stores were at the time.[10]: 1102  On the company's first day of business on October 28, 1858, sales totaled $11.08, equal to $374.76 today. The branding emblem at the onset of the 1858 store was a rooster. The red star did not appear to replace it until 1862.[11]

As the business grew, Macy's expanded into neighboring buildings, opening more and more departments. The store used publicity devices such as a store Santa Claus, themed exhibits, and illuminated window displays to draw in customers.[12]: 945–46  It also offered a money-back guarantee, although it accepted only cash into the 1950s. The store also produced its in-house made-to-measure clothing for both men and women, assembled in an on-site factory.[10]: 1102 

In 1875, Macy took on two partners, Robert M. Valentine (1850–1879), a nephew; and Abiel T. La Forge (1842–1878) of Wisconsin, who was the husband of a cousin.[13][14] Macy died in 1877 from inflammatory kidney disease (then known as Bright's disease).[15] La Forge died the following year, and Valentine died in 1879.[13][14] Ownership of the company remained in the Macy family until 1895, when the Straus brothers, Isidor and Nathan, acquired the company (now called "R. H. Macy & Co."). Isidor Straus and his brother Nathan Straus had previously held a license to sell china and other goods in the Macy's store.

1900s edit

Construction of Macy's Herald Square edit

 
Macy's in Herald Square in 1907
 
Entrance detail

In 1902, the flagship store moved uptown to Herald Square at 34th Street and Broadway, so far north of the other main dry goods emporia that it had to offer a steam wagonette to transport customers from 14th Street to 34th Street.[10] Although the Herald Square store initially consisted of just one building, it expanded through new construction, eventually occupying almost the entire block bounded by Seventh Avenue on the west, Broadway on the east, 34th Street on the south and 35th Street on the north, with the exception of a small pre-existing building on the corner of 35th Street and Seventh Avenue and another on the corner of 34th Street and Broadway. This latter 5-story building was purchased by Robert H. Smith in 1900 for $375,000 (equivalent to $13.2 million in 2023) with the idea of getting in the way of Macy's becoming the largest store in the world: it is largely supposed that Smith, who was a neighbor of the Macy's store on 14th Street, was acting on behalf of Siegel-Cooper, which had built what they thought was the world's largest store on Sixth Avenue in 1896. Macy's ignored the tactic, and simply built around the building, which now carries Macy's "shopping bag" sign by lease arrangement.[16] In 1912, Isidor Straus died in the sinking of the Titanic at the age of 67 with his wife, Ida.[17]

The original Broadway store was designed by architects De Lemos & Cordes, was built in 1901–02 by the Fuller Company and has a Palladian facade, but has been updated in many details. There were further additions to the west in 1924 and 1928, and the Seventh Avenue building in 1931, all designed by architect Robert D. Kohn, the newer buildings were increasingly Art Deco in style.[16][18] In 2012, Macy's began the first full renovation of the iconic Herald Square flagship store at a reported cost of $400 million.[19][20] Studio V Architecture, a New York-based firm, was the overall Master Plan architect of the project. Studio V's design raised controversy over the nature of contemporary design and authentic restoration.[21]

The building was added to the National Register of Historic Places as a National Historic Landmark in 1978.[22][23]

National expansion edit

 
The Macy's West flagship store in San Francisco, the former O'Connor, Moffat & Co. flagship

In the 1960s, Macy's built a store on Queens Boulevard in Elmhurst, in the New York City borough of Queens.[24] This resulted in a round department store on 90 percent of the lot, with a small privately owned house on the corner. Macy's no longer fully occupies this building, which now contains the Queens Place Mall, with Macy's Furniture Gallery as a tenant; instead it moved its full outlet to the nearby Queens Center.[citation needed]

More distant acquisitions included Lasalle & Koch (Toledo, 1924), Davison-Paxon-Stokes (Atlanta, 1929), L. Bamberger & Co. (Newark, 1929), O'Connor Moffat & Company (San Francisco, 1945) and John Taylor Dry Goods Co. (Kansas City, 1947). O'Connor Moffat was renamed Macy's San Francisco in 1947, later becoming Macy's California, and John Taylor was renamed Macy's Missouri-Kansas in 1949. Stores in Toledo retained the Lasalle's name until 1981, joining the Missouri-Kansas stores to become Macy's Midwest. The Toledo stores were sold to Elder-Beerman in 1986.[25]

Macy's New York began opening stores outside of its historic New York City–Long Island trade area in 1983 with a location at Aventura Mall in Aventura, Florida (a suburb of Miami), followed by several locations in Plantation, Florida (now relocated from the Fashion Mall to the Broward Mall since the Burdines acquisition), Houston, New Orleans, and Dallas. Davison's in Atlanta was renamed Macy's Atlanta in early 1985 with the consolidation of an early incarnation of Macy's Midwest (former Taylor and Lasalle's stores in Kansas City and Toledo, respectively), but late in 1985, Macy's sold the former Midwest locations. Bamberger's, which had aggressively expanded throughout New Jersey, into the Greater Philadelphia Metropolitan area in the 1960s and 1970s as well as into Nanuet, New York (southern Rockland County), and into the Baltimore metropolitan area in the early 1980s, was renamed Macy's New Jersey in 1986.

History under Federated edit

1986–1993: Attempted buy-outs and bankruptcy edit

In 1986 Edward Finkelstein, Chairman & CEO of R. H. Macy & Co., Inc., led a leveraged buy-out of the company and subsequently engaged in a takeover battle for Federated Department Stores, Inc., in 1988 that he lost to Canada's Campeau Corporation. As part of its settlement with Campeau, Macy's purchased Federated's California-based, fashion-oriented Bullock's and its high-end Bullocks Wilshire and I. Magnin divisions. It followed with a reorganization of its divisions into Macy's Northeast (former Macy's New York and Macy's New Jersey), Macy's South/Bullock's (Macy's Atlanta stores plus Macy's New York's operations in Texas, Florida and Louisiana), and Macy's California, the latter including a semi-autonomous I. Magnin/Bullocks Wilshire organization. The Bullocks Wilshire stores were renamed I. Magnin in 1989. Subsequently, R. H. Macy & Co., Inc., filed for Chapter 11 bankruptcy protection on January 27, 1992, after which point its banks brought in a new management team, which shut several underperforming stores, jettisoned two-thirds of the luxury I. Magnin chain, and reduced Macy's to two divisions, Macy's East and Macy's West.

Macy's East, New York City was a division of Macy's, Inc. It is the operating successor to the original R.H. Macy & Co., Inc. and operates the Macy's department stores in the northeast U.S. and Puerto Rico. Over the years it has been known as Macy's New York and Macy's Northeast. On February 1, 2006, Macy's East assumed operating control over the Filene's, Strawbridge's, many of the Kaufmann's stores in upstate New York and the Hecht's stores in Pennsylvania, Maryland, D.C. and northern Virginia. These locations assumed the Macy's moniker officially on September 9, 2006. In 2008 Macy's East took over the small Macy's North division.

In May 1993, Macy's announced the planned fall 1994 launch of TV Macy's, the retailer's own home shopping channel, in conjunction with Don Hewitt, Thomas Leahy and Cablevision.[26]

1994–2005: Acquisition by Federated edit

R. H. Macy & Co. merged with Federated Department Stores on December 19, 1994. Following the merger, the reorganized Macy's moved its headquarters to Cincinnati, Ohio. Federated promptly shut down the remainder of the I. Magnin chain, converting several to Macy's or Bullock's and selling four in Carmel, Beverly Hills, San Diego and Phoenix to Saks Fifth Avenue. Federated also merged its Abraham & Straus/Jordan Marsh division with the new "Macy's East" organization based in New York, renaming the Abraham & Straus stores in metropolitan New York with the Macy's nameplate in 1995, and then erasing the Jordan Marsh moniker in New England in early 1996.[27]

Federated followed that by leading a bid in mid-1995 to acquire the bankrupt Woodward & Lothrop/John Wanamaker organization in the mid-Atlantic region, a bid it lost to a rival group led by long-time rival and future acquisition target The May Department Stores Company. Instead Federated soon agreed to purchase Broadway Stores, Inc. (owner of The Broadway, Emporium and Weinstock's stores in California, Arizona, Nevada and New Mexico), from its majority shareholder, Sam Zell, thereby gaining a leading position in Southern California and a dominant one in the Northern California marketplace. In early 1996 Federated dissolved Broadway Stores, incorporating the majority of its locations into Macy's West, rebadging them as Macy's and using the opportunity to retire the Bullock's name. Several of the redundant Broadway locations were used to establish Bloomingdale's on the West Coast, while many others were sold to Sears.

Macy's opened its doors in Puerto Rico in 2000, the chain's first international location. It is located in the Plaza Las Américas mall in San Juan.

In 2001 Federated dissolved its Stern's division in the New York metropolitan area, with the bulk of the stores being absorbed into Macy's East. Additionally, in July 2001 it acquired the Liberty House chain with department and specialty stores in Hawaii and Guam, consolidating it with Macy's West.

In early 2003 Federated closed the majority of its historic Davison's franchise in Atlanta (operating as Macy's since 1985), rebranding its other Atlanta division Rich's with the unwieldy name, Rich's–Macy's. The downtown location – formerly the Davison's flagship store at 180 Peachtree Street – was shuttered at this time as well. The original Macy's Lenox Square and Perimeter Mall locations were extensively remodeled and opened in October 2003 as the first Bloomingdale's stores in Atlanta. The company rapidly followed suit in May 2003 with similar rebranding announcements for its other nameplates, Burdines in Florida, Goldsmith's in Memphis, Lazarus in the lower Midwest, and The Bon Marché in the Pacific Northwest.

On March 6, 2005, the Bon-Macy's, Burdines-Macy's, Goldsmith's-Macy's, Lazarus-Macy's, and Rich's–Macy's stores were renamed as simply "Macy's", the first two as the new Macy's West and Macy's Florida divisions respectively and the later three as part of the Macy's Central division. As of July 2005, Macy's had 424 stores throughout the U.S.[28]

2005–2006: Effects of Federated–May merger edit

 
Exterior of a typical ex-Marshall Field's suburban Macy's store at Westfield Hawthorn in Vernon Hills, Illinois

On February 28, 2005, Federated agreed to terms of a deal to acquire The May Department Stores Company for $11 billion (equivalent to $16.5 billion in 2023) in stock, creating the nation's second largest department store chain with $30 billion (equivalent to $45 billion in 2023) in annual sales and more than 1,000 stores.

 
This location opened in 1970 as a Strouss’ department store. In 1986, the nameplate changed to Kaufmann's following the merger of nameplates. The Kaufmann's name lasted 30 years, up until 2006, when the store was re-branded to Macy*s. Even today, you are still able to see a very visible Kaufmann's labelscar on older stores, behind the Macy*s signage.

On July 28, 2005, Federated announced, based on the success of converting its own regional brands to the Macy's name, its plans to similarly convert 330 regional department stores owned by the May Company (as May Department Stores was generally referred to) to the Macy's nameplate. This included May's Marshall Field's (which had just been purchased by the May Company from Target in 2004), Kaufmann's, Famous-Barr, Filene's, Foley's, Hecht's, The Jones Store, L. S. Ayres, Meier & Frank, Robinsons-May, and Strawbridge & Clothier chains, pending approval of the merger by federal regulators.

The rebranding of the May stores was disliked in Chicago and elsewhere because the stores were regarded as beloved local institutions. The renaming of Filene's, Marshall Field's, and Kaufmann's, which were well known for their downtown flagship stores and local traditions provoked the most outrage. For example, Kaufmann's operated the Kaufmann's Celebrate the Season Parade which was traditionally broadcast live throughout the Commonwealth of Pennsylvania on television. Many customers publicly vowed to never again shop at the renamed May stores and to switch to competitors. Prominent film critic Roger Ebert voiced the grief of many Chicagoans at the loss of Field's when he wrote in his column on September 21, 2005:

I thought the day would never come. I am looking at my Field's charge card, which I have cut up into tiny pieces. They look like little tears the color of money.[29]

On January 12, 2006, Federated announced its plans to divest May Company's Lord & Taylor division by the end of 2006 before converting and closing seven stores. On June 22, 2006, Macy's announced that NDRC Equity Partners, LLC would purchase Lord & Taylor for US$1.2 billion (equivalent to $1.74 billion in 2023),[30] and completed the sale in October 2006.

By September 9, 2006, after renaming the former May Company stores, Macy's operated approximately 850 stores in the United States. To promote its largest and most recent expansion, Macy's used a version of the Martha and the Vandellas hit song, "Dancing in the Street", in its advertising. Also, the company took props from its annual Thanksgiving Day parade to various re-labeled stores throughout the nation, in what the company marketed as its "Parade on Parade".

In October 2006, Federated Department Stores entered into an agreement with Zoom Systems to test more than 100 stores within retail giant Macy's. Terry Lundgren, CEO of Federated, raved about the ability to provide consumers with a convenient means to purchase iPods and other consumer electronics, saying "This is exciting because it brings most-wanted merchandise into stores in a unique new way.... How cool is that?" Today, Macy's has converted its entire Electronics section in every store to (over 400) eSpot ZoomShops.

Current operations under Macy's, Inc. edit

2007–2014 edit

 
Macy's Lifestyle Store in Fairview, Texas, opened on August 5, 2009

Macy's significantly increased its use of television advertising and product placement in 2006 and 2007, using branding spots that featured the new Macy's star logo. Macy's television commercials are produced primarily by New York Production Services, a New York-based commercial and independent film production company. During two episodes of the popular ABC television series Desperate Housewives ("I Remember That" and "Now You Know"), a Macy's location in the fictional city of Fairview was featured, rare instances of product placement promoting a department store chain in a scripted series. Nearly two years prior to the first episode, one of the first national commercials for Macy's had aired during Desperate Housewives, shortly after the conversions of Rich's, Lazarus, Goldsmith's, The Bon Marché and Burdines.

On February 27, 2007, Federated Department Stores announced plans to change its corporate name to Macy's Group, Inc.[31] By March 28, the company further announced plans to convert its stock ticker symbol from "FD" to "M", and revised its name change to Macy's, Inc.[32] The change in corporate names was approved by shareholders on May 18, 2007, and took effect on June 1, 2007. The company continues to operate stores under the Macy's and Bloomingdale's nameplates.

In March 2009, Macy's opened a one-level, 120,000-square-foot (11,000 m2) concept store in Gilbert, Arizona, a Phoenix suburb, that was designed to better fit open air lifestyle malls.[33] Additional stores with the new format have opened in Fairview, Texas; Lee's Summit, Missouri; and Nampa, Idaho. The stores are designed to be compact and meet current demands for more convenient shopping similar to Kohl's and newer J. C. Penney stores.[34] Lifestyle stores feature Starbucks Coffee Cafés with wireless web and fitting rooms designed to feel like lounges with sofas and Plasma TVs. Ceilings in the center areas are higher to be reminiscent of older department stores. The format was the culmination of 18 months of research to create stores for the "My Macy's" initiative that allows stores to be merchandised differently in markets across the country to meet local demands.[35][36]

On October 28, 2014 Macy's, Inc. announced an extension of the lease-operation agreement with Al Tayer Group LLC that would bring the first Macy's store overseas to Abu Dhabi, anchoring a new mall with its corporate-sister Bloomingdale's, which will open its second overseas store (the first was located at The Dubai Mall); both are slated to open in 2018.[37] Macy's was the 15th-largest retailer in the United States for 2014 by revenue.[38]

2015–present edit

 
Entrances to a two-story Macy's store inside The Mall at University Town Center in Sarasota, Florida, originally built in 2014

In January 2015, it was announced that Macy's would close 14 stores nationwide and shift 830 workers from Macy's and Bloomingdale's stores.[39][40] Unrelated to the store closings, on July 13, 2015, Macy's announced it had sold the former flagship store of Kaufmann's in Downtown Pittsburgh for redevelopment, closing the location after 128 years.[41]

In May 2015, Macy's joined the new American Express-backed Plenti rewards card, which it shares with AT&T Mobility, Direct Energy, Enterprise Rent-A-Car, ExxonMobil, Hulu, Nationwide Insurance, and Rite Aid.[42]

On September 9, 2015, Macy's announced it would close 35 to 40 under-performing stores by early 2016.[43] The retailer's struggles continued into the holiday season in 2015. The company announced that it experienced same store sales declines of 5.2% in November and December 2015 – typically busy months. In January 2016, Macy's announced that it will layoff up to 4,800 employees.[44] The company said that these closings would experience cost savings of $400 million.[44] As of January 2016, Macy's had 770 stores in total.[45]

On August 11, 2016, Macy's announced that it would close 100 stores in early 2017,[46] expecting to save $550 million a year and cut more than 10,000 jobs. Macy's claimed it would instead invest $250 million in digital business and growth strategies for the remaining stores.[47] By January 2018, Macy's had revealed the locations of 81 of the 100 store closures.[48]

In September 2016, Macy's announced that it would be opening an Apple Store in its flagship location, making it the first department store to host an Apple store. The announcement came after six straight quarters of sales drops and significant store closings.[49] In early January 2017, the value of Macy's shares fell 14%, its biggest drop in seven months.[50] In February 2017, the Hudson's Bay Company made an overture to Macy's for a potential takeover of the struggling department store.[51][52][53][54]

Macy's acquired experiential concept Story in May 2018 and made a minority investment in b8ta, a retail as a service concept, in June 2018.[55]

By February 2019, Macy's Inc. was operating 867 stores, including Macy's, Backstage, Bloomingdale's, Bloomingdale's Outlets, Bluemercury, and STORY; 641 of the 867 stores were Macy's, including 584 that are full line and 57 that are home, furniture, clearance and specialty stores.[56]

In November 2018, Macy's announced they would test smaller "neighborhood" stores to reduce costs and promote innovation within the customer experience realm.[57] As of 2018, Macy's ranked 120 on the Fortune 500 list of the largest United States corporations by revenue.[58] Gennette has also launched an overhaul of Macy's stores called the Growth150 strategic plan.[59]

In the second quarter of 2019, Macy's shares fell more than 13 percent. On August 14, shares hit $15.82, which was their lowest since February 2010.[60]

After conducting two years of research, Macy's announced in 2019 that it intended to ban the sale of fur products at its stores by the end of the 2020 fiscal year.[61] The news follows the state of California's ban on the manufacturing and sale of such items.[62]

In 2020, Macy's closed its Cincinnati headquarters, consolidating headquarters operations in New York City.[1] JANA Partners, an activist investment firm, disclosed a large stake in Macy's in 2021, and sent a letter to the board recommending spinning off the company's online business.[63] In response, Macy's hired AlixPartners to review their business structure.[64] By the end of 2021, JANA had reduced their holding in Macy's by 84%, or about 1.5% of the company.[65]

In August 2021, Macy's announced they were partnering with Toys "R" Us to open toy shops in Macy's stores, starting in 2022.[66] In November 2021, Macy's announced they were starting a free education program and boosting its corporation base salary to $15 per hour.[67]

In February 2023, Macy's said they would no longer sell leather goods made of exotic skins, such as reptiles or ostriches.[68]

On the morning of December 4, 2023, a stabbing occurred at Macy's Flagship store in Philidelphia, killing 27-year-old security guard Eric Harrison.[69]

Retail formats edit

Macy's edit

 
Exterior of the Macy's store at The Streets of Tanasbourne in Hillsboro, Oregon (2017)
  • Macy's – chain of department stores usually located in shopping malls; in properties that have multiple Macy's locations, the second stores are often arranged in the following department configurations:
    • Women and Children
    • Furniture Clearance
    • Furniture Gallery
    • Furniture and Kids
    • Furniture and Men's
    • Furniture, Home, Kids, and Men's
    • Furniture, Home, and Men's
    • Furniture, Kids, and Men's
    • Home, Kids, and Men's
    • Home, Kids, and Women's
    • Home and Men's
    • Kids and Men's
    • Men's

Macy's Backstage edit

Flagship stores edit

As of July 2023, Macy's operates four flagship stores in four states. Many of the present-day Macy's flagship stores were converted from the flagship stores of regional department stores that were acquired by Federated.

 
 
An atria includes a 5-story balconied Louis Comfort Tiffany, (1848-1933), (later Tiffany & Co. studios) mosaic-capped vaulted ceiling (left, 1910) in the southwest corner of the Macy's State Street housed in the historic Marshall Feild's Building in Chicago (right).
List of Macy's flagship stores[71]
State City Shopping center or district Size Year
opened
Year
closed
Previous nameplate Notes
California San Francisco Union Square 700,000 sq ft (65,000 m2) 1947 O'Connor, Moffat & Co Located in Union Square
Illinois Chicago State Street 300,000 sq ft (28,000 m2) 2006 Marshall Field's Located within the Marshall Field and Company Building
New York New York City Herald Square 1,250,000 sq ft (116,000 m2) 1902 Located within Macy's Herald Square
Pennsylvania Philadelphia Center City 1,367,838 sq ft (127,076.3 m2) 1861 Wanamaker's -

Criticism and controversy edit

In July 2003, then–New York State Attorney General Eliot Spitzer launched an investigation of the private policing system Macy's has used to deal with suspected shoplifters. The investigation was prompted by a civil rights lawsuit and an article in The New York Times, which reported on many of Macy's tactics, including private jails and interrogations.[72] Spitzer's investigation found many of Macy's actions, from ethnic profiling to handcuffing detainees, to be unlawful. In 2005, Macy's settled the civil rights complaint for $600,000 (equivalent to $899,029 in 2023), claiming to have put the illegal tactics to an end while maintaining the security system itself.[73]

On June 6, 2006, Macy's downtown Boston store (formerly the Jordan Marsh flagship) removed two mannequins and the Web address of the AIDS Action Committee from a window display promoting Boston's annual gay pride celebration. The removal was apparently in response to pressure from MassResistance, a local group opposed to same-sex marriage, whose members complained the mannequins were "homosexual". The removal of the mannequins was controversial and Boston mayor Thomas Menino was quoted as saying:

I'm very surprised that Macy's would bend to that type of pressure. Macy's was celebrating a part of our community, gay pride, and they should be proud of the gay community, and I'm proud of the gay community and gay pride.[74]

Macy's responded by publishing an apology by the Macy's East chairman, Ron Klein, in In Newsweekly, a Boston-area weekly with a large gay readership. Klein's description of the incident as "an internal breakdown in communication", further stated it was regrettable some would doubt Macy's commitment to diversity as a result.[75] The Web address was later restored – the mannequins, however, never made a reappearance.

See also edit

References edit

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  2. ^ "JeffGennette". Bloomberg. from the original on December 15, 2021. Retrieved February 23, 2021.
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  14. ^ a b "Robert M. Valentine's Will". The New York Times. February 28, 1879. from the original on July 26, 2018. Retrieved July 25, 2018. The will of Robert M. Valentine, late partner in the firm of R. H. Macy Co., was offered for probate yesterday in the Surrogate's office.(subscription required)
  15. ^ "Rowland H. Macy, Merchant". The New York Times. March 31, 1877. from the original on July 26, 2018. Retrieved July 25, 2018.(subscription required)
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External links edit

  • Official website
  • The Romance of a Great Store by Edward Hungerford
  • Straus Historical Society

macy, this, article, about, department, store, chain, flagship, store, herald, square, parent, company, other, uses, disambiguation, originally, macy, american, department, store, chain, founded, 1858, rowland, hussey, macy, been, sister, brand, bloomingdale, . This article is about the department store chain For its flagship store see Macy s Herald Square For its parent company see Macy s Inc For other uses see Macy s disambiguation Macy s originally R H Macy amp Co is an American department store chain founded in 1858 by Rowland Hussey Macy It has been a sister brand to the Bloomingdale s department store chain since being acquired by holding company Federated Department Stores in 1994 which renamed itself Macy s Inc in 2007 It is the largest department store company by retail sales in the United States as of 2015 update Macy sMacy s Herald Square the flagship store in 2018FormerlyR H Macy amp Co TypeSubsidiaryIndustryRetailFoundedOctober 28 1858 165 years ago 1858 10 28 in New York New York U S FounderRowland Hussey MacyHeadquartersNew York City 1 U S Number of locations508Areas servedUnited States Puerto Rico Guam U S Virgin Islands coming soon Key peopleJeff Gennette Chairman CEO 2 ProductsClothing footwear accessories handbags jewelry cosmetics fragrances bedding bath furniture decor housewares appliances electronics toys giftwareParentMacy s Inc 1994 present SubsidiariesMacy s Furniture Gallery Market by Macy s 3 Macy s Backstage 4 Websitemacys wbr comMacy s operates with 508 stores in the United States 5 Its flagship store is located at Herald Square in the New York City borough of Manhattan The company had 94 000 employees and an annual revenue of 25 3B as of January 2023 6 Macy s has conducted the annual Macy s Thanksgiving Day Parade in New York City since 1924 and has sponsored the city s annual Fourth of July fireworks display since 1976 Macy s Herald Square is one of the largest department stores in the world 7 The flagship store covers almost an entire New York City block features about 1 1 million square feet of retail space includes additional space for offices and storage and serves as the endpoint for the Thanksgiving Day parade The value of Herald Square alone is estimated at 3 billion 8 In August 2021 WHP Global announced that Toys R Us is opening 400 stores within Macy s starting in 2022 9 Contents 1 The Start of Macy s 1 1 1800s 1 2 1900s 1 2 1 Construction of Macy s Herald Square 1 2 2 National expansion 2 History under Federated 2 1 1986 1993 Attempted buy outs and bankruptcy 2 2 1994 2005 Acquisition by Federated 2 3 2005 2006 Effects of Federated May merger 3 Current operations under Macy s Inc 3 1 2007 2014 3 2 2015 present 4 Retail formats 4 1 Macy s 4 2 Macy s Backstage 5 Flagship stores 6 Criticism and controversy 7 See also 8 References 9 External linksThe Start of Macy s edit1800s edit nbsp Former Macy s logo until 2019 although it is seen on many storefrontsRowland Hussey Macy opened four retail dry goods stores between 1843 and 1855 One of them was the original Macy s store in downtown Haverhill Massachusetts it opened in 1851 to serve the mill industry employees of the area They all failed but he learned from his mistakes Macy moved to New York City in 1858 to establish a new store named R H Macy amp Co on Sixth Avenue between 13th and 14th Streets The location was far north of where other dry goods stores were at the time 10 1102 On the company s first day of business on October 28 1858 sales totaled 11 08 equal to 374 76 today The branding emblem at the onset of the 1858 store was a rooster The red star did not appear to replace it until 1862 11 As the business grew Macy s expanded into neighboring buildings opening more and more departments The store used publicity devices such as a store Santa Claus themed exhibits and illuminated window displays to draw in customers 12 945 46 It also offered a money back guarantee although it accepted only cash into the 1950s The store also produced its in house made to measure clothing for both men and women assembled in an on site factory 10 1102 In 1875 Macy took on two partners Robert M Valentine 1850 1879 a nephew and Abiel T La Forge 1842 1878 of Wisconsin who was the husband of a cousin 13 14 Macy died in 1877 from inflammatory kidney disease then known as Bright s disease 15 La Forge died the following year and Valentine died in 1879 13 14 Ownership of the company remained in the Macy family until 1895 when the Straus brothers Isidor and Nathan acquired the company now called R H Macy amp Co Isidor Straus and his brother Nathan Straus had previously held a license to sell china and other goods in the Macy s store 1900s edit Construction of Macy s Herald Square edit Main article Macy s Herald Square nbsp Macy s in Herald Square in 1907 nbsp Entrance detailIn 1902 the flagship store moved uptown to Herald Square at 34th Street and Broadway so far north of the other main dry goods emporia that it had to offer a steam wagonette to transport customers from 14th Street to 34th Street 10 Although the Herald Square store initially consisted of just one building it expanded through new construction eventually occupying almost the entire block bounded by Seventh Avenue on the west Broadway on the east 34th Street on the south and 35th Street on the north with the exception of a small pre existing building on the corner of 35th Street and Seventh Avenue and another on the corner of 34th Street and Broadway This latter 5 story building was purchased by Robert H Smith in 1900 for 375 000 equivalent to 13 2 million in 2023 with the idea of getting in the way of Macy s becoming the largest store in the world it is largely supposed that Smith who was a neighbor of the Macy s store on 14th Street was acting on behalf of Siegel Cooper which had built what they thought was the world s largest store on Sixth Avenue in 1896 Macy s ignored the tactic and simply built around the building which now carries Macy s shopping bag sign by lease arrangement 16 In 1912 Isidor Straus died in the sinking of the Titanic at the age of 67 with his wife Ida 17 The original Broadway store was designed by architects De Lemos amp Cordes was built in 1901 02 by the Fuller Company and has a Palladian facade but has been updated in many details There were further additions to the west in 1924 and 1928 and the Seventh Avenue building in 1931 all designed by architect Robert D Kohn the newer buildings were increasingly Art Deco in style 16 18 In 2012 Macy s began the first full renovation of the iconic Herald Square flagship store at a reported cost of 400 million 19 20 Studio V Architecture a New York based firm was the overall Master Plan architect of the project Studio V s design raised controversy over the nature of contemporary design and authentic restoration 21 The building was added to the National Register of Historic Places as a National Historic Landmark in 1978 22 23 National expansion edit nbsp The Macy s West flagship store in San Francisco the former O Connor Moffat amp Co flagshipIn the 1960s Macy s built a store on Queens Boulevard in Elmhurst in the New York City borough of Queens 24 This resulted in a round department store on 90 percent of the lot with a small privately owned house on the corner Macy s no longer fully occupies this building which now contains the Queens Place Mall with Macy s Furniture Gallery as a tenant instead it moved its full outlet to the nearby Queens Center citation needed More distant acquisitions included Lasalle amp Koch Toledo 1924 Davison Paxon Stokes Atlanta 1929 L Bamberger amp Co Newark 1929 O Connor Moffat amp Company San Francisco 1945 and John Taylor Dry Goods Co Kansas City 1947 O Connor Moffat was renamed Macy s San Francisco in 1947 later becoming Macy s California and John Taylor was renamed Macy s Missouri Kansas in 1949 Stores in Toledo retained the Lasalle s name until 1981 joining the Missouri Kansas stores to become Macy s Midwest The Toledo stores were sold to Elder Beerman in 1986 25 Macy s New York began opening stores outside of its historic New York City Long Island trade area in 1983 with a location at Aventura Mall in Aventura Florida a suburb of Miami followed by several locations in Plantation Florida now relocated from the Fashion Mall to the Broward Mall since the Burdines acquisition Houston New Orleans and Dallas Davison s in Atlanta was renamed Macy s Atlanta in early 1985 with the consolidation of an early incarnation of Macy s Midwest former Taylor and Lasalle s stores in Kansas City and Toledo respectively but late in 1985 Macy s sold the former Midwest locations Bamberger s which had aggressively expanded throughout New Jersey into the Greater Philadelphia Metropolitan area in the 1960s and 1970s as well as into Nanuet New York southern Rockland County and into the Baltimore metropolitan area in the early 1980s was renamed Macy s New Jersey in 1986 History under Federated edit1986 1993 Attempted buy outs and bankruptcy edit In 1986 Edward Finkelstein Chairman amp CEO of R H Macy amp Co Inc led a leveraged buy out of the company and subsequently engaged in a takeover battle for Federated Department Stores Inc in 1988 that he lost to Canada s Campeau Corporation As part of its settlement with Campeau Macy s purchased Federated s California based fashion oriented Bullock s and its high end Bullocks Wilshire and I Magnin divisions It followed with a reorganization of its divisions into Macy s Northeast former Macy s New York and Macy s New Jersey Macy s South Bullock s Macy s Atlanta stores plus Macy s New York s operations in Texas Florida and Louisiana and Macy s California the latter including a semi autonomous I Magnin Bullocks Wilshire organization The Bullocks Wilshire stores were renamed I Magnin in 1989 Subsequently R H Macy amp Co Inc filed for Chapter 11 bankruptcy protection on January 27 1992 after which point its banks brought in a new management team which shut several underperforming stores jettisoned two thirds of the luxury I Magnin chain and reduced Macy s to two divisions Macy s East and Macy s West Macy s East New York City was a division of Macy s Inc It is the operating successor to the original R H Macy amp Co Inc and operates the Macy s department stores in the northeast U S and Puerto Rico Over the years it has been known as Macy s New York and Macy s Northeast On February 1 2006 Macy s East assumed operating control over the Filene s Strawbridge s many of the Kaufmann s stores in upstate New York and the Hecht s stores in Pennsylvania Maryland D C and northern Virginia These locations assumed the Macy s moniker officially on September 9 2006 In 2008 Macy s East took over the small Macy s North division In May 1993 Macy s announced the planned fall 1994 launch of TV Macy s the retailer s own home shopping channel in conjunction with Don Hewitt Thomas Leahy and Cablevision 26 1994 2005 Acquisition by Federated edit R H Macy amp Co merged with Federated Department Stores on December 19 1994 Following the merger the reorganized Macy s moved its headquarters to Cincinnati Ohio Federated promptly shut down the remainder of the I Magnin chain converting several to Macy s or Bullock s and selling four in Carmel Beverly Hills San Diego and Phoenix to Saks Fifth Avenue Federated also merged its Abraham amp Straus Jordan Marsh division with the new Macy s East organization based in New York renaming the Abraham amp Straus stores in metropolitan New York with the Macy s nameplate in 1995 and then erasing the Jordan Marsh moniker in New England in early 1996 27 Federated followed that by leading a bid in mid 1995 to acquire the bankrupt Woodward amp Lothrop John Wanamaker organization in the mid Atlantic region a bid it lost to a rival group led by long time rival and future acquisition target The May Department Stores Company Instead Federated soon agreed to purchase Broadway Stores Inc owner of The Broadway Emporium and Weinstock s stores in California Arizona Nevada and New Mexico from its majority shareholder Sam Zell thereby gaining a leading position in Southern California and a dominant one in the Northern California marketplace In early 1996 Federated dissolved Broadway Stores incorporating the majority of its locations into Macy s West rebadging them as Macy s and using the opportunity to retire the Bullock s name Several of the redundant Broadway locations were used to establish Bloomingdale s on the West Coast while many others were sold to Sears Macy s opened its doors in Puerto Rico in 2000 the chain s first international location It is located in the Plaza Las Americas mall in San Juan In 2001 Federated dissolved its Stern s division in the New York metropolitan area with the bulk of the stores being absorbed into Macy s East Additionally in July 2001 it acquired the Liberty House chain with department and specialty stores in Hawaii and Guam consolidating it with Macy s West In early 2003 Federated closed the majority of its historic Davison s franchise in Atlanta operating as Macy s since 1985 rebranding its other Atlanta division Rich s with the unwieldy name Rich s Macy s The downtown location formerly the Davison s flagship store at 180 Peachtree Street was shuttered at this time as well The original Macy s Lenox Square and Perimeter Mall locations were extensively remodeled and opened in October 2003 as the first Bloomingdale s stores in Atlanta The company rapidly followed suit in May 2003 with similar rebranding announcements for its other nameplates Burdines in Florida Goldsmith s in Memphis Lazarus in the lower Midwest and The Bon Marche in the Pacific Northwest On March 6 2005 the Bon Macy s Burdines Macy s Goldsmith s Macy s Lazarus Macy s and Rich s Macy s stores were renamed as simply Macy s the first two as the new Macy s West and Macy s Florida divisions respectively and the later three as part of the Macy s Central division As of July 2005 Macy s had 424 stores throughout the U S 28 2005 2006 Effects of Federated May merger edit nbsp Exterior of a typical ex Marshall Field s suburban Macy s store at Westfield Hawthorn in Vernon Hills IllinoisOn February 28 2005 Federated agreed to terms of a deal to acquire The May Department Stores Company for 11 billion equivalent to 16 5 billion in 2023 in stock creating the nation s second largest department store chain with 30 billion equivalent to 45 billion in 2023 in annual sales and more than 1 000 stores nbsp This location opened in 1970 as a Strouss department store In 1986 the nameplate changed to Kaufmann s following the merger of nameplates The Kaufmann s name lasted 30 years up until 2006 when the store was re branded to Macy s Even today you are still able to see a very visible Kaufmann s labelscar on older stores behind the Macy s signage On July 28 2005 Federated announced based on the success of converting its own regional brands to the Macy s name its plans to similarly convert 330 regional department stores owned by the May Company as May Department Stores was generally referred to to the Macy s nameplate This included May s Marshall Field s which had just been purchased by the May Company from Target in 2004 Kaufmann s Famous Barr Filene s Foley s Hecht s The Jones Store L S Ayres Meier amp Frank Robinsons May and Strawbridge amp Clothier chains pending approval of the merger by federal regulators The rebranding of the May stores was disliked in Chicago and elsewhere because the stores were regarded as beloved local institutions The renaming of Filene s Marshall Field s and Kaufmann s which were well known for their downtown flagship stores and local traditions provoked the most outrage For example Kaufmann s operated the Kaufmann s Celebrate the Season Parade which was traditionally broadcast live throughout the Commonwealth of Pennsylvania on television Many customers publicly vowed to never again shop at the renamed May stores and to switch to competitors Prominent film critic Roger Ebert voiced the grief of many Chicagoans at the loss of Field s when he wrote in his column on September 21 2005 I thought the day would never come I am looking at my Field s charge card which I have cut up into tiny pieces They look like little tears the color of money 29 On January 12 2006 Federated announced its plans to divest May Company s Lord amp Taylor division by the end of 2006 before converting and closing seven stores On June 22 2006 Macy s announced that NDRC Equity Partners LLC would purchase Lord amp Taylor for US 1 2 billion equivalent to 1 74 billion in 2023 30 and completed the sale in October 2006 By September 9 2006 after renaming the former May Company stores Macy s operated approximately 850 stores in the United States To promote its largest and most recent expansion Macy s used a version of the Martha and the Vandellas hit song Dancing in the Street in its advertising Also the company took props from its annual Thanksgiving Day parade to various re labeled stores throughout the nation in what the company marketed as its Parade on Parade In October 2006 Federated Department Stores entered into an agreement with Zoom Systems to test more than 100 stores within retail giant Macy s Terry Lundgren CEO of Federated raved about the ability to provide consumers with a convenient means to purchase iPods and other consumer electronics saying This is exciting because it brings most wanted merchandise into stores in a unique new way How cool is that Today Macy s has converted its entire Electronics section in every store to over 400 eSpot ZoomShops Current operations under Macy s Inc edit2007 2014 edit nbsp Macy s Lifestyle Store in Fairview Texas opened on August 5 2009Macy s significantly increased its use of television advertising and product placement in 2006 and 2007 using branding spots that featured the new Macy s star logo Macy s television commercials are produced primarily by New York Production Services a New York based commercial and independent film production company During two episodes of the popular ABC television series Desperate Housewives I Remember That and Now You Know a Macy s location in the fictional city of Fairview was featured rare instances of product placement promoting a department store chain in a scripted series Nearly two years prior to the first episode one of the first national commercials for Macy s had aired during Desperate Housewives shortly after the conversions of Rich s Lazarus Goldsmith s The Bon Marche and Burdines On February 27 2007 Federated Department Stores announced plans to change its corporate name to Macy s Group Inc 31 By March 28 the company further announced plans to convert its stock ticker symbol from FD to M and revised its name change to Macy s Inc 32 The change in corporate names was approved by shareholders on May 18 2007 and took effect on June 1 2007 The company continues to operate stores under the Macy s and Bloomingdale s nameplates In March 2009 Macy s opened a one level 120 000 square foot 11 000 m2 concept store in Gilbert Arizona a Phoenix suburb that was designed to better fit open air lifestyle malls 33 Additional stores with the new format have opened in Fairview Texas Lee s Summit Missouri and Nampa Idaho The stores are designed to be compact and meet current demands for more convenient shopping similar to Kohl s and newer J C Penney stores 34 Lifestyle stores feature Starbucks Coffee Cafes with wireless web and fitting rooms designed to feel like lounges with sofas and Plasma TVs Ceilings in the center areas are higher to be reminiscent of older department stores The format was the culmination of 18 months of research to create stores for the My Macy s initiative that allows stores to be merchandised differently in markets across the country to meet local demands 35 36 On October 28 2014 Macy s Inc announced an extension of the lease operation agreement with Al Tayer Group LLC that would bring the first Macy s store overseas to Abu Dhabi anchoring a new mall with its corporate sister Bloomingdale s which will open its second overseas store the first was located at The Dubai Mall both are slated to open in 2018 37 Macy s was the 15th largest retailer in the United States for 2014 by revenue 38 2015 present edit nbsp Entrances to a two story Macy s store inside The Mall at University Town Center in Sarasota Florida originally built in 2014In January 2015 it was announced that Macy s would close 14 stores nationwide and shift 830 workers from Macy s and Bloomingdale s stores 39 40 Unrelated to the store closings on July 13 2015 Macy s announced it had sold the former flagship store of Kaufmann s in Downtown Pittsburgh for redevelopment closing the location after 128 years 41 In May 2015 Macy s joined the new American Express backed Plenti rewards card which it shares with AT amp T Mobility Direct Energy Enterprise Rent A Car ExxonMobil Hulu Nationwide Insurance and Rite Aid 42 On September 9 2015 Macy s announced it would close 35 to 40 under performing stores by early 2016 43 The retailer s struggles continued into the holiday season in 2015 The company announced that it experienced same store sales declines of 5 2 in November and December 2015 typically busy months In January 2016 Macy s announced that it will layoff up to 4 800 employees 44 The company said that these closings would experience cost savings of 400 million 44 As of January 2016 Macy s had 770 stores in total 45 On August 11 2016 Macy s announced that it would close 100 stores in early 2017 46 expecting to save 550 million a year and cut more than 10 000 jobs Macy s claimed it would instead invest 250 million in digital business and growth strategies for the remaining stores 47 By January 2018 Macy s had revealed the locations of 81 of the 100 store closures 48 In September 2016 Macy s announced that it would be opening an Apple Store in its flagship location making it the first department store to host an Apple store The announcement came after six straight quarters of sales drops and significant store closings 49 In early January 2017 the value of Macy s shares fell 14 its biggest drop in seven months 50 In February 2017 the Hudson s Bay Company made an overture to Macy s for a potential takeover of the struggling department store 51 52 53 54 Macy s acquired experiential concept Story in May 2018 and made a minority investment in b8ta a retail as a service concept in June 2018 55 By February 2019 Macy s Inc was operating 867 stores including Macy s Backstage Bloomingdale s Bloomingdale s Outlets Bluemercury and STORY 641 of the 867 stores were Macy s including 584 that are full line and 57 that are home furniture clearance and specialty stores 56 In November 2018 Macy s announced they would test smaller neighborhood stores to reduce costs and promote innovation within the customer experience realm 57 As of 2018 Macy s ranked 120 on the Fortune 500 list of the largest United States corporations by revenue 58 Gennette has also launched an overhaul of Macy s stores called the Growth150 strategic plan 59 In the second quarter of 2019 Macy s shares fell more than 13 percent On August 14 shares hit 15 82 which was their lowest since February 2010 60 After conducting two years of research Macy s announced in 2019 that it intended to ban the sale of fur products at its stores by the end of the 2020 fiscal year 61 The news follows the state of California s ban on the manufacturing and sale of such items 62 In 2020 Macy s closed its Cincinnati headquarters consolidating headquarters operations in New York City 1 JANA Partners an activist investment firm disclosed a large stake in Macy s in 2021 and sent a letter to the board recommending spinning off the company s online business 63 In response Macy s hired AlixPartners to review their business structure 64 By the end of 2021 JANA had reduced their holding in Macy s by 84 or about 1 5 of the company 65 In August 2021 Macy s announced they were partnering with Toys R Us to open toy shops in Macy s stores starting in 2022 66 In November 2021 Macy s announced they were starting a free education program and boosting its corporation base salary to 15 per hour 67 In February 2023 Macy s said they would no longer sell leather goods made of exotic skins such as reptiles or ostriches 68 On the morning of December 4 2023 a stabbing occurred at Macy s Flagship store in Philidelphia killing 27 year old security guard Eric Harrison 69 Retail formats editMacy s edit nbsp Exterior of the Macy s store at The Streets of Tanasbourne in Hillsboro Oregon 2017 Macy s chain of department stores usually located in shopping malls in properties that have multiple Macy s locations the second stores are often arranged in the following department configurations Women and Children Furniture Clearance Furniture Gallery Furniture and Kids Furniture and Men s Furniture Home Kids and Men s Furniture Home and Men s Furniture Kids and Men s Home Kids and Men s Home Kids and Women s Home and Men s Kids and Men s Men sMacy s Backstage edit Macy s Backstage chain of off price stores within stores located inside 319 full line Macy s department stores with 9 freestanding locations 70 Some brands sold in Macy s Backstage stores are not or no longer sold by full line Macy s stores such as Authentic Brands Group s Izod and Arrow brands and Ralph Lauren Corporation s Chaps brand Flagship stores editAs of July 2023 update Macy s operates four flagship stores in four states Many of the present day Macy s flagship stores were converted from the flagship stores of regional department stores that were acquired by Federated nbsp nbsp An atria includes a 5 story balconied Louis Comfort Tiffany 1848 1933 later Tiffany amp Co studios mosaic capped vaulted ceiling left 1910 in the southwest corner of the Macy s State Street housed in the historic Marshall Feild s Building in Chicago right List of Macy s flagship stores 71 State City Shopping center or district Size Yearopened Yearclosed Previous nameplate NotesCalifornia San Francisco Union Square 700 000 sq ft 65 000 m2 1947 O Connor Moffat amp Co Located in Union SquareIllinois Chicago State Street 300 000 sq ft 28 000 m2 2006 Marshall Field s Located within the Marshall Field and Company BuildingNew York New York City Herald Square 1 250 000 sq ft 116 000 m2 1902 Located within Macy s Herald SquarePennsylvania Philadelphia Center City 1 367 838 sq ft 127 076 3 m2 1861 Wanamaker s Criticism and controversy editIn July 2003 then New York State Attorney General Eliot Spitzer launched an investigation of the private policing system Macy s has used to deal with suspected shoplifters The investigation was prompted by a civil rights lawsuit and an article in The New York Times which reported on many of Macy s tactics including private jails and interrogations 72 Spitzer s investigation found many of Macy s actions from ethnic profiling to handcuffing detainees to be unlawful In 2005 Macy s settled the civil rights complaint for 600 000 equivalent to 899 029 in 2023 claiming to have put the illegal tactics to an end while maintaining the security system itself 73 On June 6 2006 Macy s downtown Boston store formerly the Jordan Marsh flagship removed two mannequins and the Web address of the AIDS Action Committee from a window display promoting Boston s annual gay pride celebration The removal was apparently in response to pressure from MassResistance a local group opposed to same sex marriage whose members complained the mannequins were homosexual The removal of the mannequins was controversial and Boston mayor Thomas Menino was quoted as saying I m very surprised that Macy s would bend to that type of pressure Macy s was celebrating a part of our community gay pride and they should be proud of the gay community and I m proud of the gay community and gay pride 74 Macy s responded by publishing an apology by the Macy s East chairman Ron Klein in In Newsweekly a Boston area weekly with a large gay readership Klein s description of the incident as an internal breakdown in communication further stated it was regrettable some would doubt Macy s commitment to diversity as a result 75 The Web address was later restored the mannequins however never made a reappearance See also editList of department stores of the United States AeropostaleReferences edit a b Tucker Randy Coolidge Alexander February 4 2020 Macy s closing Cincinnati headquarters downtown The Cincinnati Enquirer Archived from the original on March 3 2021 Retrieved January 7 2021 JeffGennette Bloomberg Archived from the original on December 15 2021 Retrieved February 23 2021 Brownfield Andy February 3 2020 Macy s dishes details on new type of store The Business Journals Archived from the original on April 10 2021 Retrieved March 1 2021 Macy s Inc Subsidiary List SEC Archived from the original on December 15 2021 Retrieved March 1 2021 All Stores Macy s Store Directory l macys com Retrieved November 23 2023 Macy s Number of Employees 1995 2023 Stock Analysis Retrieved November 23 2023 Record crowd shops Macy s Herald Square store USA Today Archived from the original on November 18 2017 Retrieved February 1 2017 Pleven Liam August 25 2015 What Should Macy s Do With Its Flagship Store The Wall Street Journal Archived from the original on August 12 2016 Retrieved August 12 2016 Thomas Lauren August 19 2021 Toys R Us is coming to more than 400 Macy s stores next year CNBC Archived from the original on November 9 2021 Retrieved August 20 2021 a b c Abelson Elaine S R H Macy in Jackson Kenneth T ed 2010 The Encyclopedia of New York City 2nd ed New Haven Yale University Press ISBN 978 0 300 11465 2 Hower Ralph M 1967 History of Macy s of New York 1858 1919 Cambridge MA Harvard University Press Burrows Edwin G and Wallace Mike 1999 Gotham A History of New York City to 1898 New York Oxford University Press ISBN 0 195 11634 8 a b Abiel T La Forge The New York Times February 13 1878 Archived from the original on July 26 2018 Retrieved July 25 2018 subscription required a b Robert M Valentine s Will The New York Times February 28 1879 Archived from the original on July 26 2018 Retrieved July 25 2018 The will of Robert M Valentine late partner in the firm of R H Macy Co was offered for probate yesterday in the Surrogate s office subscription required Rowland H Macy Merchant The New York Times March 31 1877 Archived from the original on July 26 2018 Retrieved July 25 2018 subscription required a b White Norval amp Willensky Elliot 2000 AIA Guide to New York City 4th ed New York Three Rivers Press ISBN 978 0 8129 3107 5 pp 225 26 Straus Isidor Autobiography of Isidor Straus Independently published by the Straus Historical Society 2011 pp 168 76 Wurman Richard Saul 2008 Access New York City Archived January 5 2016 at the Wayback Machine p 133 HarperCollins Historic Renovation of Macy s Herald Square Creates a World of Luxury with New Shops from Gucci Burberry and Longchamp Press release Macy s September 6 2012 Archived from the original on August 9 2021 Retrieved March 27 2022 Top 2012 Retail Projects PDF perspectivestats Architectural Record September 2012 p 23 Archived PDF from the original on December 2 2013 Retrieved September 24 2012 Macy s Flagship Makeover Archived September 19 2012 at Bibliotheca Alexandrina ABC News Retrieved on December 6 2013 R H Macy and Company Store National Historic Landmark summary listing National Park Service September 11 2007 Archived from the original on July 2 2014 George R Adams February 1977 National Register of Historic Places Inventory Nomination R H Macy and Company Store pdf National Park Service a href Template Cite magazine html title Template Cite magazine cite magazine a Cite magazine requires magazine help and Accompanying 4 photos exterior undated 1 03 MB In The 1960s One Queens Resident Refused To Sell Land To Macy s Gothamist Archived from the original on February 24 2018 Retrieved June 21 2018 Marrison Ben July 3 1985 4 Macy stores in area sold to Dayton firm The Toledo Blade Retrieved July 1 2017 permanent dead link Staff June 2 1993 Macy s Announces TV Shopping Network Chicago Sun Times Archived from the original on June 10 2014 Grimsley Kirstin Downey July 15 1994 Macy s Plans Merger with Federated The Washington Post ISSN 0190 8286 Archived from the original on June 21 2018 Retrieved June 21 2018 Federated At A Glance Federated Department Stores Archived from the original on June 18 2007 Ebert Roger 2007 Roger Ebert s Movie Yearbook 2007 Kansas City MO Andrews McMeel Publishing p 829 ISBN 9780740792199 Archived from the original on February 15 2017 Retrieved January 31 2017 Federated Agrees to Sell Lord amp Taylor to NRDC Equity Partners Transaction Expected to Close in Third Quarter of 2006 Press release Macy s June 22 2006 Archived from the original on October 16 2015 Retrieved July 25 2006 via NASDAQ Investor Relations Platform Federated Plans Corporate Name Change Press release Macy s February 27 2007 Archived from the original on January 15 2015 Retrieved March 13 2007 via NASDAQ Investor Relations Platform If approved the company will be known as Macy s Group Inc effective June 1 2007 Macy s Inc To Trade As M On NYSE Press release Macy s March 28 2007 Archived from the original on January 15 2015 Retrieved April 5 2007 via NASDAQ Investor Relations Platform Duff Mike March 19 2009 Macy s Takes on Lifestyle Challenge with New Store Concept CBS MoneyWatch Archived from the original on June 17 2018 Retrieved January 15 2015 cblproperties com May 8 2006 Macy s Announces Plans for Pearland Town Center Archived from the original on July 14 2006 Jarman Max March 19 2009 Macy s to open store geared to Arizona families The Arizona Republic Archived from the original on January 15 2015 Retrieved January 15 2015 Halkias Maria July 28 2009 Macy s tailors stores including new Fairview location to match local tastes The Dallas Morning News Archived from the original on July 31 2009 Macy s and Bloomingdale s Stores to Open in Abu Dhabi in 2018 Press release Macy s October 28 2014 Archived from the original on October 17 2015 Retrieved October 29 2014 via NASDAQ Investor Relations Platform Top 100 Retailers 2015 National Retail Federation July 1 2015 Archived from the original on June 10 2016 Retrieved July 1 2017 Strauss Gary January 8 2015 J C Penney Macy s to shut stores lay off scores USA Today Archived from the original on January 8 2015 Retrieved September 4 2017 Lee Hailey January 8 2015 Macy s to shutter 14 stores expects charges up to 110M CNBC Archived from the original on July 6 2015 Retrieved September 9 2017 In early spring this year 14 out of a total of about 790 Macy s stores will close Macy s building in Downtown Pittsburgh sold store closing WTAE TV July 13 2015 Archived from the original on July 14 2015 Rite Aid Launches Integrated Marketing Campaign to Introduce wellness with Plenti Business Wire May 18 2015 Archived from the original on July 23 2015 Brackett Ed Coolidge Alexander September 8 2015 Macy s to close up to 40 stores USA Today Archived from the original on April 16 2016 Retrieved August 12 2016 a b Macy s To Cut 4 800 Jobs After Dismal Holiday Sales NPR Associated Press January 7 2016 Archived from the original on February 4 2019 Retrieved February 3 2019 Is Your Macy s Closing The Wall Street Journal January 6 2016 ISSN 0099 9660 Archived from the original on January 10 2016 Retrieved January 10 2016 Wiles Russ August 11 2016 Future of Macy s 9 AZ stores uncertain as company announces closure of 100 sites by 2017 The Republic Archived from the original on July 5 2022 Retrieved August 12 2016 Lewis Cora January 4 2017 Macy s Will Close 68 Stores And Cut More Than 10 000 Jobs BuzzFeed Archived from the original on January 10 2017 Retrieved January 11 2017 Bomey Nathan January 4 2018 Macy s announces 5 000 job cuts 7 new store closures USA Today Archived from the original on January 4 2018 Retrieved January 5 2018 Wahba Phil September 8 2016 Macy s Signed a Major Deal with Apple Fortune Archived from the original on September 13 2016 Retrieved September 15 2016 Kuriloff Aaron January 22 2017 How Often Does a Stock Fall 19 in One Day Not Very Often The Wall Street Journal New York Archived from the original on January 23 2017 Retrieved January 23 2017 Wahba Phil February 3 2017 Saks Fifth Avenue Parent HBC Reportedly Wants to Buy Macy s Fortune Archived from the original on March 28 2022 Retrieved March 28 2022 Hudson s Bay Co reported to be in bid for Macy s CBC February 3 2017 Archived from the original on February 4 2017 Retrieved February 4 2017 Dana Mattioli Suzanne Kapner David Benoit February 3 2017 Saks Owner Hudson s Bay Makes Takeover Approach to Macy s The Wall Street Journal New York City Archived from the original on February 3 2017 Retrieved January 4 2017 Cappetta Michael Ruhle Stephanie June 3 2017 It s a retail Armageddon as over 1 000 stores close in one single week NBC News Archived from the original on June 5 2017 Retrieved June 5 2017 Dickey Megan Rose June 12 2018 Macy s acquires minority stake in tech retailer b8ta TechCrunch Archived from the original on July 31 2019 Retrieved July 31 2019 Store Count and Square Footage Archived from the original on March 23 2019 Retrieved March 20 2019 Thomas Lauren November 14 2018 As Macy s shrinks its stores CEO Jeff Gennette says this is what he will do with the extra space CNBC Archived from the original on November 14 2018 Retrieved November 14 2018 Fortune 500 Companies 2018 Fortune500 Archived from the original on November 10 2018 Retrieved March 18 2019 Retail Dive Archived from the original on September 9 2019 Retrieved September 19 2019 Reagan Lauren Thomas Courtney August 14 2019 Macy s shares tank 13 as deep discounting leads to a big earnings miss and a cut in forecast CNBC Archived from the original on August 23 2019 Retrieved August 23 2019 a href Template Cite web html title Template Cite web cite web a CS1 maint multiple names authors list link Maheshwari Sapna October 21 2019 Macy s Home to 8 000 Mink Jackets Will Stop Selling Fur Products by 2021 The New York Times Archived from the original on October 22 2019 Retrieved October 22 2019 Klar Rebecca October 22 2019 Macy s to ban fur sales by 2021 The Hill Archived from the original on October 22 2019 Retrieved October 22 2019 Lombardo Dana Cimilluca and Cara October 14 2021 Jana Partners Takes Stake in Macy s Urges E Commerce Spinoff The Wall Street Journal Archived from the original on October 25 2021 Retrieved November 3 2021 Macy s says it is working with AlixPartners to review its business structure Reuters November 18 2021 Retrieved July 15 2022 Jana Partners slashed stake in Macy s by 84 after pushing for e commerce pivot New York Post Reuters February 14 2022 Retrieved July 15 2022 Tyko Kelly August 19 2021 Toys R Us to make a comeback with new toy shops inside more than 400 Macy s stores USA TODAY Retrieved July 15 2022 Kelly Jack November 9 2021 Macy s Is Offering Debt Free Tuition Higher Wages And Flexibility In An Effort To Attract And Retain Workers Forbes Archived from the original on November 18 2021 Retrieved November 18 2021 Kate Nishimura Macy s Inc Bans Exotic Skins Following PETA Push SourcingJournal com 9 Feb 2023 https 6abc com macys philadelphia stabbing charges tyrone tunnell arrest eric harrison market street 14144605 Verdon Joan May 11 2023 Macy s Adds 10 Backstage Locations As Off Price Sector Takes Off Forbes Macy s Inc Outlines Cost Efficiency Initiatives and Lists Store Locations to Be Closed Business Wire January 6 2016 Retrieved July 5 2023 Elliott Andrea June 17 2003 In Stores Private Handcuffs for Sticky Fingers The New York Times Archived from the original on December 25 2016 Retrieved February 10 2017 Elliott Andrea January 14 2005 Macy s Settles Complaint of Racial Profiling for 600 000 The New York Times Archived from the original on January 15 2015 Retrieved February 10 2017 no byline June 8 2006 Now you see em now you don t Bay Windows Boston OCLC 61124500 Archived from the original on October 17 2015 Retrieved January 15 2015 Kilduff Thomas E June 14 2006 CEO admits Macy s mistake NATL In Newsweekly Archived from the original on June 29 2006 Note Only the first of two pages have been archived External links edit nbsp Wikimedia Commons has media related to Macy s Official website The Romance of a Great Store by Edward Hungerford Straus Historical Society Retrieved from https en wikipedia org w index php title Macy 27s amp oldid 1188866329 Store divisions, wikipedia, wiki, book, books, library,

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