• Danielle Perri Danielle Perri Macy’s Inc. : History • Originally founded as Federated Department Stores in 1929 in Columbus, Ohio • Born through the combination of : • • • • Abraham & Straus of Brooklyn Filene’s of Boston F&R Lazarus & Co. of Columbus, OH Bloomingdale’s of New York • Lazarus convinced Roosevelt to move Thanksgiving • Current CEO Terry J. Lundgren Macy’s Inc. : Ownership • Founder : Rowland Hussey Macy • Founded : New York City in 1858 as a fancy dry goods store • Turned into R.H. Macy & Co in 1877 • Headquarters : Cincinnati, Ohio • Number of locations : Over 850 • Founders : Lyman and Joseph Bloomingdale • Founded : New York in 1860 as a ladies’ norton shop • Turned into Bloomingdales in 1872 • Headquarters : New York, NY • Number of locations : 41 Macy’s Inc. : Competitors • • • • • • • • Neiman Marcus Saks Fifth Avenue Nordstrom Dillard's J. C. Penney Belk Bon-Ton Klohs • • • • • • Neiman Marcus Saks Fifth Avenue Nordstrom Bergdorf Goodman Lord & Taylor Barney’s New York Macy’s Inc. : Brands & Products • Brands : Alfani, American Rag, Charter Club, Greendog, Hotel Collection, I•N•C, Material Girl, Style & Co. • Products : Clothing, footwear, bedding, furniture, jewelry, cosmetics, housewares International Sales at Macys.com • Brands : Guess, Coach, Uggs, Lucky Brand, Michael Kors, BCBG, Armani, Ralph Lauren • Products : Clothing, footwear, bedding, furniture, jewelry, beauty products, housewares, optical, salon, portrait studio, café Store to customer shipments Macy’s Inc. : SWOT Strengths Weaknesses • Strong brand equity • Bloomingdale’s focus on an upscale niche • Large network of stores • Declining net profit Opportunities Threats • New stores to boost revenues in the medium term • Growth through overseas operation • Growth in online retail spending • Economic slowdown in the US • Increased minimum wages in the US • Intense competition Macy’s Inc. : Social Media Strategy Macy’s Inc. : Macy’s Goes Green • Carrying reusable tote bags • 100 % recyclable shopping bags, packing material, gift boxes, and wrapping tissue Macy’s Inc. : Macy’s Gives Back Macy’s Inc. : Rate of Growth & Stock Prices • Macy's, Inc. is the world's largest fashion goods retailer and the 36th largest retailer overall • Current Stock Price : $39. 63 • Revenue: $24.892 billion • Operating income: $ 1.863 billion • Net income: $ 893 million • Employees: 167,000 • Market Cap: $15.7 billion