Macy’s Inc. is one of America’s number one retailers (in terms of annual revenue) and the country’s leading department store chain. The company is headquartered in Cincinnati, Ohio.
As of 2014, Macy’s Inc. has around 175,700 employees and operates over 840 stores across 45 states under the names Macy’s and Bloomingdale’s.
Macy’s Inc. used to be called Federated Department Stores, Inc. (until the company changed its name in 2007).
Federated Department Stores, Inc. was created in 1929 as a result of a combination of Abraham & Straus of Brooklyn, Filene’s of Boston, F&R Lazarus & Co. of Columbus, OH, and Bloomingdale’s of New York.
Federated acquired Macy’s in 1994 and Broadway Stores in 1995 – nearly doubling the size of the company.
In 2005 Federated acquired The May Department Stores Company for $11 billion in stock and converted its own regional brands and May Department Stores to the Macy’s name.
The company’s department stores sell a whole range of products, such as: clothing, shoes, bedding, furniture, housewares, beauty products, accessories, jewelry, and electronics.
According to Macy’s Inc. the company succeeds by striving to be “a living mirror of our civilization in which we see the constant changing needs and wishes of our people.”