Macy's, Inc.

Macy's, Inc.

Macy's, Inc. headquarters, located on Macy's Herald Square (2018)
Formerly	Federated Department Stores, Inc. (1929–2007)
Company type	Public
Traded as	NYSE: M S&P 400 component
Industry	Retail
Founded	1929; 95 years ago (1929) in Columbus, Ohio, U.S.
Headquarters	New York City , U.S.
Number of locations	722 (2022)
Area served	United States Guam Puerto Rico
Key people	Tony Spring (chairman and CEO)
Products	Clothing footwear accessories bedding furniture jewelry beauty products housewares
Revenue	US$24.971 billion (FY 2019)
Operating income	US$1.738 billion (FY 2019)
Net income	US$1.098 billion (FY 2019)
Total assets	US$19.194 billion (FY 2019)
Total equity	US$6.436 billion (FY 2019)
Number of employees	~130,000 (2019)
Parent	Campeau Corporation (1988–1992)
Subsidiaries	Bloomingdale's Bluemercury Macy's
Website	macysinc.com
Footnotes / references [1][2]

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, Filene's, and Shillito's. Bloomingdale's 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, 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 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.

Macy's, Inc. owns the department store chains Bloomingdale's and Macy's, and beauty store chain Bluemercury, all of which operate flagship stores in Manhattan. As of October 2022^[update], it operates 722 locations in the United States, Guam, and Puerto Rico. The company was the world's largest fashion goods retailer and the 36th-largest retailer overall in 2010.^[3] Macy's, Inc. has been headquartered within Macy's Herald Square in New York City since 2020, and was previously headquartered in Cincinnati, Ohio from 1945 until 2020.