Macy's, Inc. (previously Federated Department Stores, Inc.) is an American

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

department store A department store is a retail establishment offering a wide range of consumer goods in different areas of the store under one roof, each area ("department") specializing in a product category. In modern major cities, the department store mad ...

s. Upon its establishment in 1929, Federated held ownership of the regional

chains

Abraham & Straus Abraham & Straus, commonly shortened to A&S, was a major New York City department store, based in Brooklyn. Founded in 1865, it became part of Federated Department Stores in 1929. Shortly after Federated's 1994 acquisition of R.H. Macy & Compan ...

Lazarus Lazarus may refer to: People *Lazarus (name), a surname and a given name * Lazarus of Bethany, a Biblical figure described as being raised from the dead by Jesus * Lazarus, a Biblical figure from the parable of the Rich man and Lazarus * Lazar ...

Filene's Filene's was an American department store chain founded in 1881 by William Filene. The historic Filene's Department Store in the Downtown Crossing district of Boston, Massachusetts housed the flagship store and headquarters, while branch store ...

, and Shillito's.

Bloomingdale's Bloomingdale's Inc. is an American luxury department store chain founded in 1861 by Joseph Bloomingdale and Lyman Bloomingdale. It was acquired by Federated Department Stores in 1930, which purchased the Macy's department store chain in 1994, ...

joined Federated Department Stores the next year. Throughout its early history, frequent acquisitions and divestitures saw the company operate a number of nameplates. In 1994, Federated took over

Macy's Macy's is an American department store chain founded in 1858 by Rowland Hussey Macy. The first store was located in Manhattan on Sixth Avenue between 13th and 14th Streets, south of the present-day flagship store at Herald Square on West 34 ...

, the old department store chain originally founded in 1858 by American entrepreneur Rowland Hussey Macy. Despite Federated's long history of preserving regional nameplates, its acquisition of the

May Department Stores Company The May Department Stores Company was an American holding company of department stores founded in 1877 by David May. It operated several regional department stores throughout the United States, which were managed as distinct business divisions ...

in 2005 marked the end of those nameplates. By the following year, both the Macy's and Bloomingdale's brands had replaced them nationwide. Ultimately, Federated itself was renamed Macy's, Inc. in 2007, an acknowledgment of the old store's venerable name; the company bought

Bluemercury Bluemercury is a chain of American beauty stores founded in 1999 by Marla Malcolm Beck and Barry J. Beck in Georgetown, Washington, D.C. The stores sell cosmetics, as well as in-store facials and spa treatments. In addition to selling products fr ...

in 2015 from Berry J. Beck and

Marla Malcolm Beck Marla Malcolm Beck (born May 22, 1970) is an American entrepreneur based in the United States. She co-founded the beauty company Bluemercury in Washington, D.C. alongside her husband, Barry J. Beck in 1999. Bluemercury was acquired by Macy's in 2 ...

, allowing the company to expand into beauty stores. Macy's, Inc. owns the department store chains

and

, and beauty store chain

, all of which operate

flagship store A flagship is a vessel used by the commanding officer of a group of navy, naval ships, characteristically a flag officer entitled by custom to fly a distinguishing flag. Used more loosely, it is the lead ship in a fleet of vessels, typically ...

s in

Manhattan Manhattan ( ) is the most densely populated and geographically smallest of the Boroughs of New York City, five boroughs of New York City. Coextensive with New York County, Manhattan is the County statistics of the United States#Smallest, larg ...

. , it operates 722 locations in the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

Guam Guam ( ; ) is an island that is an Territories of the United States, organized, unincorporated territory of the United States in the Micronesia subregion of the western Pacific Ocean. Guam's capital is Hagåtña, Guam, Hagåtña, and the most ...

, and

Puerto Rico ; abbreviated PR), officially the Commonwealth of Puerto Rico, is a Government of Puerto Rico, self-governing Caribbean Geography of Puerto Rico, archipelago and island organized as an Territories of the United States, unincorporated territo ...

. The company was the world's largest fashion goods retailer and the 36th-largest retailer overall in 2010. Macy's, Inc. has been headquartered within

Macy's Herald Square Macy's Herald Square (originally named the R. H. Macy and Company Store) is a department store building on West 34th Street (Manhattan), 34th Street at Herald Square in New York City, New York (state), New York, United States. It was designed b ...

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

since 2020, and was previously headquartered in

Cincinnati Cincinnati ( ; colloquially nicknamed Cincy) is a city in Hamilton County, Ohio, United States, and its county seat. Settled in 1788, the city is located on the northern side of the confluence of the Licking River (Kentucky), Licking and Ohio Ri ...

Ohio Ohio ( ) is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Lake Erie to the north, Pennsylvania to the east, West Virginia to the southeast, Kentucky to the southwest, Indiana to the ...

from 1945 until 2020.

Operations as Federated

Early history

Federated Department Stores traces its corporate lineage to F&R Lazarus & Company, founded in

Columbus, Ohio Columbus (, ) is the List of capitals in the United States, capital and List of cities in Ohio, most populous city of the U.S. state of Ohio. With a 2020 United States census, 2020 census population of 905,748, it is the List of United States ...

, in 1851. In the summer of 1929, months before the Wall Street Crash of 1929, Fred Lazarus Jr. met with Walter N. Rothschild from

Brooklyn Brooklyn is a Boroughs of New York City, borough of New York City located at the westernmost end of Long Island in the New York (state), State of New York. Formerly an independent city, the borough is coextensive with Kings County, one of twelv ...

and

Edward Filene Edward Albert Filene (September 3, 1860 – September 26, 1937) was an American businessman and philanthropist. He is best known for building the Filene's department store chain and for his decisive role in pioneering credit unions across the U ...

from

Boston Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...

on Rothschild's yacht in Long Island Sound. The three businessmen agreed to merge their stores and form Federated Department Stores, as a department store

for F&R Lazarus & Company (including its Cincinnati division, then known as Shillito's),

, and William Filene's Sons of Boston. In 1930, Bloomingdale Brothers of New York joined. In the mid-1930s, a modern merchandising standard was set when Fred Lazarus Jr. arranged garments in groups of a single size with a range of style, color and price, basing the technique upon observations made in Paris. As well, Lazarus convinced President

Franklin D. Roosevelt Franklin Delano Roosevelt (January 30, 1882April 12, 1945), also known as FDR, was the 32nd president of the United States, serving from 1933 until his death in 1945. He is the longest-serving U.S. president, and the only one to have served ...

that it would help American economy to change the

Thanksgiving Thanksgiving is a national holiday celebrated on various dates in October and November in the United States, Canada, Saint Lucia, Liberia, and unofficially in countries like Brazil and Germany. It is also observed in the Australian territory ...

holiday from the last Thursday of November to the fourth Thursday, thus extending the Christmas shopping season. An act of Congress perpetuated the arrangement in 1941. Black Friday became a nationwide sensation and the most profitable day for Federated. (Robert Lazarus Jr. worked at Federated until he died in 2013, the last remaining family member with an official role at the company.) In 1945, Federated moved its corporate offices to

. The latter half of the 20th century saw the company expand nationwide, adding Rike Kumler of Dayton, Ohio (merged into Shillito's in the 1980s to become Shillito-Rike's);

Burdines Burdines was an American department store chain founded in 1898 by William M. and John Burdine. It operated exclusively in Florida, with its flagship store and headquarters both located in Miami. It evolved from a carriage-trade shop into a ful ...

of Miami, Florida; Rich's of Atlanta, Georgia;

Foley's Foley's was a regional chain of department stores owned by Federated Department Stores (1947–1988, 2005–2006), later owned by May Department Stores (1988–2005) and headquartered in Downtown Houston, Texas. On August 30, 2005, the divisi ...

of Houston, Texas;

Sanger Brothers Sanger may refer to: Places Romania * Sânger, a commune in Mureș County United States * Sanger, California, a city in the San Joaquin Valley * Sanger, North Dakota, a ghost town * Sanger, Texas, a city * Sanger, West Virginia, an unincorpo ...

and A. Harris, both of Dallas, Texas (which were merged to form Sanger-Harris); Boston Store of Milwaukee, Wisconsin;

MainStreet "Mainstreet" is a song written and recorded by Bob Seger & The Silver Bullet Band. It was released in April 1977 as the second single from the album '' Night Moves''. The song peaked at number 24 on the U.S. Billboard Hot 100 and has become a sta ...

of Chicago, Illinois;

Bullock's Bullock's was a chain of full-line department stores from 1907 through 1995, headquartered in Los Angeles, growing to operate across California, Arizona and Nevada. Bullock's also operated as many as seven more upscale Bullocks Wilshire specialt ...

, of Los Angeles; I. Magnin, of San Francisco, California;

Gold Circle Gold Circle was a discount department store chain based in Ohio. Founded in 1967, it was a division of Federated Department Stores with 76 stores when the chain was sold and dismantled in 1988. History Covering mostly New York, Ohio, Kentucky a ...

; and Richway Discount Department Stores of Worthington, Ohio. Federated entered the supermarket industry in 1968 when it acquired the

Ralphs Ralphs is an American supermarket Chain stores, chain in Southern California. The largest subsidiary of Cincinnati-based Kroger, it is the oldest such chain west of the Mississippi River. Kroger also operates stores under the Food 4 Less and Fo ...

chain based in Southern California. In 1982, Federated acquired the Twin Fair, Inc. discount store chain based in

Buffalo, New York Buffalo is a Administrative divisions of New York (state), city in the U.S. state of New York (state), New York and county seat of Erie County, New York, Erie County. It lies in Western New York at the eastern end of Lake Erie, at the head of ...

, and merged it with Gold Circle. In 1983, Federated sold four shopping center properties to

JMB Realty JMB Realty was a real estate investment company based in Chicago. In 1993, after suffering during the early 1990s recession, the company spun off its retail properties as Urban Shopping Centers, Inc., which was acquired by Rodamco in 2000 and b ...

Acquisition by Campeau

Canadian real estate developer

Robert Campeau Robert Joseph Antoine Campeau (August 3, 1923 June 12, 2017) was a Canadian financier and real estate developer. Starting from a single house constructed in 1940 in the Alta Vista neighbourhood of Ottawa, Ontario, Campeau built a large land dev ...

– who had taken over and dismembered Allied Stores in 1986 – attempted to take over Federated starting in early 1988 which Federated fought off in a high-profile battle, with Macy's (at that time not part of Federated, but a rival), also submitting competitive bids of over $6 billion. Nonetheless, in April 1988, Federated gave in and agreed to a $6.6 billion takeover by Campeau. It was the largest merger in corporate history, barring the oil sector. Macy's paid Campeau $1.1 billion to acquire the 20-store

Bullocks Wilshire Bullocks Wilshire, located at 3050 Wilshire Boulevard in Los Angeles, California, is a Art Deco building. The building opened in September 1929 as a luxury department store for owner John G. Bullock (owner of the more mainstream Bullock's in Dow ...

and the 25-store specialty apparel chain I. Magnin. Two years later, Federated filed for bankruptcy after Campeau failed to refinance the debt of Federated and Allied Stores Corp. In 1992, Campeau was ousted and Federated emerged from bankruptcy as a new public company, Federated Stores, Inc., dropping the word "Department" from the previous company. As part of the reorganization, Federated sold the Ralphs chain to a group of owners led by Edward J. DeBartolo Corporation.

Acquisition of Macy's

Also in 1992, Macy's declared bankruptcy; Federated acquired it two years later, in 1994. The name of the once-main-rival of Federated, Macy's, would soon become the consumer-facing identity of most of Federated's stores. In 1995 Federated bought Broadway Stores, Inc. and its California-based Emporium-Capwell, Weinstock's and The Broadway chains. Macy's changed the nameplate of these three chains and Bullock's to Macy's, or in some cases, turned locations into Bloomingdales. In 2003, Federated changed the nameplates of almost all their remaining non-Macy's stores – the lone exception was Bloomingdales – to include the Macy's name, a rebranding internally dubbed Project Hyphen. For example,

Seattle Seattle ( ) is the most populous city in the U.S. state of Washington and in the Pacific Northwest region of North America. With a population of 780,995 in 2024, it is the 18th-most populous city in the United States. The city is the cou ...

-based

The Bon Marché The Bon Marché (colloquially The Bon) was an American department store chain founded in 1890 by married couple Edward and Josephine Nordhoff. It was based Seattle, Washington, and served working-class families in the Northwestern United Stat ...

became Bon-Macy's; Goldsmith's in

Tennessee Tennessee (, ), officially the State of Tennessee, is a landlocked U.S. state, state in the Southeastern United States, Southeastern region of the United States. It borders Kentucky to the north, Virginia to the northeast, North Carolina t ...

became Goldsmith's-Macy's; Lazarus, Burdines, and Rich's also added "-Macy's" to their name. A year later, the hyphenated names were changed to simply Macy's, a rebranding process referred internally to as Project Star. Federated began selling goods online in 1998, rather later than most contemporary large retailers; Federated ran a private bank, FDS Bank, which issued and maintained the majority of its own consumer credit card portfolio, was one of the last credit card banks to begin to allow its cardholders to access account information online (around 2004). In 1998, Federated settled an SEC investigation for $14.46 million (equivalent to $ in ) due to unethical debt-collection practices. Federated routinely forced credit card holders/debtors to sign an agreement that legally bound them to repay their outstanding balances instead of having the unsecured debt discharge via the filing of

bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the deb ...

. Federated failed to file reaffirmation agreements with bankruptcy courts. As a result, the changes in the agreements were not legally binding. In 2001 Federated acquired Liberty House of Hawaii as it emerged from

Chapter 11 bankruptcy Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, w ...

. It was managed as part of Macy's West and all the store names were changed to Macy's. The department store chain Stern's, a division of Federated, ceased operations in 2001 and most of its stores became Macy's stores. In 2005, Federated agreed to sell its credit card business to

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...

Acquisition of May

On February 28, 2005, Federated Department Stores announced that it would acquire

May Department Stores The May Department Stores Company was an American holding company of department stores founded in 1877 by David May. It operated several regional department stores throughout the United States, which were managed as distinct business divisions ...

company for $11 billion (equivalent to $ in ). Also part of the buyout was the bridal and formal unit of May, consisting of

David's Bridal David's Bridal is a clothier in the United States that specializes in wedding dresses, bridesmaid dresses, prom and homecoming dresses, ''quinceañera'' dresses, flower girl dresses, other formal wear, and alterations. Until filing for bankruptc ...

and After Hours Formalwear. Federated would also assume $6 billion (equivalent to $ in ) of May's debt, bringing total consideration to $17 billion (equivalent to $ in ). The deal would create the nation's largest department store chain with over 1,000 stores and $30 billion (equivalent to $ in ) in annual sales. To help finance the deal, Federated agreed to sell its combined proprietary credit card business (but still administered by FACS Group, a subsidiary of Federated) to Citigroup. The merger was completed on August 30, 2005, after an assurance agreement was reached with the Attorneys General of

New York New York most commonly refers to: * New York (state), a state in the northeastern United States * New York City, the most populous city in the United States, located in the state of New York New York may also refer to: Places United Kingdom * ...

California California () is a U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States border, an ...

Massachusetts Massachusetts ( ; ), officially the Commonwealth of Massachusetts, is a U.S. state, state in the New England region of the Northeastern United States. It borders the Atlantic Ocean and the Gulf of Maine to its east, Connecticut and Rhode ...

Maryland Maryland ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic region of the United States. It borders the states of Virginia to its south, West Virginia to its west, Pennsylvania to its north, and Delaware to its east ...

, and

Pennsylvania Pennsylvania, officially the Commonwealth of Pennsylvania, is a U.S. state, state spanning the Mid-Atlantic (United States), Mid-Atlantic, Northeastern United States, Northeastern, Appalachian, and Great Lakes region, Great Lakes regions o ...

. As a result of the merger, Federated also in the process reacquired two of their former department store chains Foley's & Filene's (Which Federated originally sold to May Company), putting them back under the Federated Department Stores corporate umbrella for the first time since 1988. Federated announced plans to sell 80 store locations in 2006, having pledged in its settlement to sell most of them as viable businesses, with preference being given to a group of thirteen competitors. This number could fluctuate pursuant to Federated's negotiations with various mall landlords and its final decision regarding using former Macy locations for its luxury

operation. On January 12, 2006, Federated announced its plans to divest May Company's

Lord & Taylor Lord & Taylor was an American department store chain founded in 1826 by Samuel Lord. It had 86 full-line stores in the Northeastern United States at its peak in the 2000s, and 38 locations at the time of its liquidation in 2021. The Lord & Tay ...

division (55 stores in 12 states) by the end of 2006. On June 22, 2006, Macy's announced that NRDC Equity Partners, LLC would purchase

for US$1.2 billion (equivalent to $ in ), and completed the sale in October 2006. On September 9, 2006, the former May Company store names

Famous-Barr The Famous-Barr Co. (originally Famous and Barr Co.) was a division of Macy's, Inc. (formerly Federated Department Stores). Headquartered in St. Louis, Missouri, in the Railway Exchange Building, it was the flagship store of The May Departmen ...

Hecht's Hecht's was an American department store chain founded in 1857 by Samuel Hecht, Jr. It was headquartered in Washington, D.C., and operated in the Mid-Atlantic (United States), Mid-Atlantic and Southern United States. The family business was acqui ...

, The Jones Store,

Kaufmann's Kaufmann's was a department store that originated in Pittsburgh, Pennsylvania. The store was owned in the early 20th century by Edgar J. Kaufmann, patron of the famous Fallingwater house. In the post-war years, the store became a regional chain ...

, L. S. Ayres,

Marshall Field's Marshall Field & Company (colloquially Marshall Field's) was an American department store chain founded in 1852 by Potter Palmer. It was based in Chicago, Illinois and founded in the 19th century, it grew to become a large chain before Macy's, ...

Meier & Frank Meier & Frank was an American department store chain founded in 1857 by Aaron Meier. He partnered with Emil and Sigmund Frank in the early history of the company, and opened the Meier & Frank Building flagship store in Portland, Oregon, Portland ...

, Robinsons-May, and

Strawbridge's Strawbridge's, formerly Strawbridge & Clothier, was a department store in the northeastern United States, with stores in Pennsylvania, New Jersey, and Delaware. The Center City Philadelphia flagship store was, in its day, a gracious urban empori ...

disappeared as Federated switched most of them to the

masthead and a few to the Bloomingdale's name. One of the consequences of this

rebranding Rebranding is a marketing strategy in which a new name, term, symbol, design, concept or combination thereof is created for an established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors ...

is that several malls have two Macy's stores. In downtown Boston, Federated liquidated an acquired Filene's because it already had a Macy's (formerly a Jordan Marsh) across the street. The two stores have a combined floorspace of more than , more than two-thirds the size of Macy's New York City flagship store. On November 17, 2006, the bridal and formal unit was sold. David's Bridal and Priscilla of Boston were sold to

Leonard Green & Partners Leonard Green & Partners, L.P. (LGP) is an American private equity investment firm founded in 1989 and based in Los Angeles. The firm specializes in private equity investments. LGP has invested in over 95 companies since its inception, including ...

. After Hours Formalwear was sold to Men's Wearhouse.

Operations as Macy's, Inc.

2000s

On February 27, 2007, Federated announced that its board of directors would ask shareholders to change the company's name to Macy's Group, Inc. By March 28, the company revised its plans for the new name, opting to eventually become Macy's, Inc. Federated shareholders approved the revised proposal during the company's annual meeting on May 18, 2007. The name took effect on June 1, 2007. The reasoning for the proposed name change—according to Terry Lundgren, Federated's chairman, president, and chief executive officer—hinges on the large-scale conversions throughout the company toward the Macy's nameplate. "Today, we are a brand-driven company focused on Macy's and Bloomingdale's, not a federation of department stores," Lundgren said in the company's press release heralding the proposed name. Upon the change to Macy's Inc., Federated's stock ticker symbol on the New York Stock Exchange changed from "FD" to "M", making the new Macy's Inc. one of a handful of single-letter

ticker symbol A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded Share (finance), shares of a particular stock or Security (finance), security on a particular stock exchange. Ticker symbols are arrangements of symbols ...

companies. In April 2008, Moody's Investors Service said that it might downgrade Macy's Inc. bonds to just above junk status. That same month, Fitch Ratings downgraded their

bond credit rating In investment, the bond credit rating represents the credit worthiness of corporate or government bonds. The ratings are published by credit rating agencies and used by investment professionals to assess the likelihood the debt will be repaid. C ...

to BBB− from BBB, noting a deterioration in the company's operating and credit metrics. The domain ''macysinc.com'' attracted at least 3 million visitors annually by 2008, according to a

Compete.com Compete.com was a web traffic analysis service. The company was founded in 2000, and ceased operations in December 2016. Services Compete.com provided two categories of information: *Site Analytics, a free service, where the user can enter a ...

survey. On Wednesday, February 6, 2008, Terry Lundgren announced the localization strategy and the company's plan to shed 2,550 jobs. This new localization strategy is known as "My Macy's." Employees of the Macy's North headquarters office in

Minneapolis Minneapolis is a city in Hennepin County, Minnesota, United States, and its county seat. With a population of 429,954 as of the 2020 United States census, 2020 census, it is the state's List of cities in Minnesota, most populous city. Locat ...

, the Macy's Northwest headquarters office in

, and the Macy's Midwest headquarters office in

St. Louis St. Louis ( , sometimes referred to as St. Louis City, Saint Louis or STL) is an independent city in the U.S. state of Missouri. It lies near the confluence of the Mississippi and the Missouri rivers. In 2020, the city proper had a populatio ...

were given pink slips, as Macy's pared its seven regional centers to four. About 40 new jobs were to be created in May as part of the restructuring. By 2009, the company expected to save $100 million (equivalent to $ in ) a year from the cuts. On February 2, 2009, Macy's announced the elimination of 7,000 jobs, or 4% of its workforce, and slashed its dividend as it looked to lower expenses as part of a major restructuring.

-based Macy's Inc. stated that the workforce reduction included positions in offices, stores, and other locations, and the cuts include some unfilled jobs. "Reducing our workforce is an unfortunate outcome of the current economic environment, and I am frustrated that so many of our people will be unable to move forward with us as we proceed into a very exciting future for Macy's and Bloomingdale's" said Terry J. Lundgren, chairman, president and chief executive officer. Macy's also got rid of its division structure and integrated its functions into one organization. Macy's central buying, merchandise planning, stores senior management and marketing functions merged to its

corporate office (formerly

Macy's East Macy's, Inc. (previously Federated Department Stores, Inc.) is an American holding company of department stores. Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus (departm ...

). Corporate-related business functions, such as finance and human resources, will be primarily in Cincinnati. To buy with local consumers in mind, Macy's developed a concept called "My Macy's", in which the buyers and planners all look at what the local consumer base is looking for in their local Macy's store. This will help bring a better sense of branding, sizing, and marketing to each Macy's store nationwide. Macy's Inc. decided to close the Bloomingdale's at the

Mall of America Mall of America (MoA) is a large shopping mall located in Bloomington, Minnesota. Located within the Minneapolis–Saint Paul metropolitan area, the mall lies southeast of the junction of Interstate 494 and Minnesota State Highway 77, north ...

Minnesota Minnesota ( ) is a U.S. state, state in the Upper Midwestern region of the United States. It is bordered by the Canadian provinces of Manitoba and Ontario to the north and east and by the U.S. states of Wisconsin to the east, Iowa to the so ...

. Since 1992, Bloomingdale's had been one of the 4 anchor stores of the mall, and will be replaced with a $30 million renovation with four new foreign clothing stores.

2010s

On October 14, 2013, Macy's Inc. announced the decision to open most of their stores for the first time on

Thanksgiving Day Thanksgiving is a national holiday celebrated on various dates in October and November in the United States, Canada, Saint Lucia, Liberia, and unofficially in countries like Brazil and Germany. It is also observed in the Australian territory ...

2013, breaking a long-standing tradition of 155 years, and joined the ranks of retailers who created Gray Thursday the year before. Its doors opened at 8 p.m. (local time) on the holiday evening, and remained open for 24 hours straight until the close of business on Friday, which is usually about 10 p.m. , Macy's Inc. was valued at US$28 billion. In September 2015, Macy's announced it would close 40 stores, 5% of its total stores in early 2016. It also announced plans to open 6 additional Macy's Backstage locations. From 2010 to 2015, Macy's had closed 52 stores and opened 12.

2020s

In February 2020, Macy's announced that its headquarters in

downtown Cincinnati Downtown Cincinnati is one of the 52 List of Cincinnati neighborhoods, neighborhoods of Cincinnati, Ohio. It is the central business district of the city, as well as the economic and symbiotic center of the Cincinnati metropolitan area. Original ...

would be closing as part of a restructuring with further cutbacks. This news came after a gradual pulling out of the Cincinnati area, with most corporate executives, including the CEO, already at the company's other headquarters in New York City. The Cincinnati headquarters building has since been converted to a rental apartment building with 341 units, which is to open in spring 2025. In November 2021, Macy's announced the launch of its digital marketplace, which set to debut in the second half of 2022. Macy's will partner with AlixPartners and

Mirakl Mirakl is a French cloud-based e-commerce software company headquartered in Paris, France and Boston, Massachusetts. It provides online marketplace software to retailers, manufacturers and wholesalers. History Co-founders Philippe Corrot and ...

. In November 2023, it was reported that Arkhouse Management and Brigade Capital Management had offered to buy Macy's Inc. for $5.8 billion. Macy's rejected the unsolicited offer in January 2024 as undervalued. The investor group increased their offer to $6.6billion two months later. In February 2024, Macy's announced it would close 150 stores by 2026.

Nameplates

Previous nameplates

Criticism

The conversion of Marshall Field's in Chicago was particularly criticized, with many customers boycotting its historic State Street flagship store. The

Chicago Tribune The ''Chicago Tribune'' is an American daily newspaper based in Chicago, Illinois, United States. Founded in 1847, it was formerly self-styled as the "World's Greatest Newspaper", a slogan from which its once integrated WGN (AM), WGN radio and ...

continues to report on the poor reception of Macy's in Chicago. Pittsburgh customers also strongly resisted the name change from Kaufmann's, in part because of the Kaufmann family role in Pittsburgh history, as well as the central store's Christmas windows and holiday parade.

Gallery

Federatedlogo.png, Federated logo until 2007 Macy's Inc.svg, Macy's, Inc. logo from 2007–2019 Macys, Inc Logo 2019.png, Macy's, Inc. logo from 2019–2023

References

External links

{{Authority control 1929 establishments in Ohio Clothing retailers of the United States Companies based in New York City Companies listed on the New York Stock Exchange Holding companies of the United States Holding companies based in New York City Private equity portfolio companies Publicly traded companies based in New York City Companies that filed for Chapter 11 bankruptcy in 1990 Retail companies established in 1929 Retail companies based in New York City Retail companies of the United States 1995 initial public offerings