Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

Business / Technology


Our network sites seattletimes.com | Advanced

Originally published Tuesday, November 9, 2010 at 12:31 PM

Comments (0)     E-mail E-mail article      Print Print      Share Share

A glance at Macy's history

The Macy's brand goes back to 1858, when Rowland H. Macy opened R. H. Macy & Co. as a dry goods store in New York City. First-day sales totaled $11.06.

The Associated Press

The Macy's brand goes back to 1858, when Rowland H. Macy opened R. H. Macy & Co. as a dry goods store in New York City. First-day sales totaled $11.06.

Here a look at Macy's developments since the 2005 merger between former parent Federated Department Stores Inc. and May Department Stores Co., which led to the creation of a national brand name.

For its latest fiscal year ended in January, Macy's Inc. generated revenue of $23.5 billion.

2005: Federated acquires May Department Stores Co.

2006: More than 400 stores formerly owned by May, including Marshall Field's and Hecht's, convert to the Macy's name, resulting in a national brand with more than 800 stores. Macy's launches its first-ever national advertising campaign. Sells Lord & Taylor, David's Bridal and Priscilla of Boston, acquired as part of the May acquisition.

2007: Federated sells its 507-store After Hours Formalwear business, acquired as part of May Co. to Houston-based Men's Wearhouse. Shareholders vote to change corporate name from Federated to Macy's Inc.

2008: Macy's launches a new initiative called "My Macy's" in 20 local markets as it consolidates three divisions - Macy's North into Macy's East, Macy's Northweast into Macy's West; and Macy's Midwest into Macy's South. Such changes form a new Macy's Central division.

Macy's celebrates its 150th birthday and announces its first international store locations - two Bloomingdale's set to open in 2010 in Dubai

2009: Macy's rolls out its "My Macy's" localization strategy nationwide, creating 49 new local store districts for a total of 69. Macy's and Bloomingdale's launches social media programs to reach customers in new ways.

---

Source: Company website.

E-mail E-mail article      Print Print      Share Share

More Business & Technology

UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case

UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip

UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award

UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall

NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook

More Business & Technology headlines...

News where, when and how you want it

Email Icon

Comments
No comments have been posted to this article.

advertising


Get home delivery today!

Video

Advertising

AP Video

Entertainment | Top Video | World | Offbeat Video | Sci-Tech

Marketplace

Advertising