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| Formerly | R. H. Macy & Co. |
|---|---|
| Company type | Subsidiary |
| Industry | Retail |
| Founded | October 28, 1858, in New York City, U.S. |
| Founder | Rowland Hussey Macy |
| Headquarters | , U.S. |
Number of locations | 521 (June 2024) |
Areas served | United States Puerto Rico Guam U.S. Virgin Islands (coming soon) |
Key people | Tony Spring (chairman/CEO)[2] |
| Products |
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| Parent | Macy's, Inc. (1994–present) |
| Subsidiaries | |
| Website | macys |
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 2023.[update]
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 $25.3 billion 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 (100,000 m2) 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] In recent years, the brand has opened new stores under the "Market By Macy's" monicker.
- ^ 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.
- ^ "Leadership Team". macysinc.
- ^ 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.