Profile: Macys Inc (M)
1 Jul 2015
Macy's, Inc., incorporated on December 13, 1985, is an omnichannel retail company operating stores, Websites (macys.com, bloomingdales.com and bluemercury.com) and mobile applications. As of January 31, 2015, the operations of the Company included 823 stores in 45 states of the United States, the District of Columbia, Guam and Puerto Rico. The Company operates its stores under the names of Macy's, Bloomingdale's, Bloomingdale's Outlet and Bluemercury. The Company operates 13 Bloomingdale's outlet stores. Bloomingdale's in Dubai, the United Arab Emirates is operated under a license agreement with Al Tayer Insignia, a company of Al Tayer Group, LLC.
Macy's subsidiaries provide various support functions to the Company's retail operations. The Company's bank subsidiary, FDS Bank provides credit processing, certain collections, customer service and credit marketing services in respect of all credit card accounts that are owned either by Department Stores National Bank (DSNB) a subsidiary of Citibank N.A. or FDS Bank and that constitutes a part of the credit programs of the Company's retail operations. Macy's Systems and Technology, Inc. (MST), a wholly owned indirect subsidiary of the Company, provides operational electronic data processing and management information services to all of the Company's operations.
Macy's Merchandising Group, Inc. (MMG), a wholly owned direct subsidiary of the Company, and its subsidiary Macy's Merchandising Group International, LLC, are responsible for the design, development and marketing of Macy's private label brands and certain licensed brands. Bloomingdale's uses MMG for only a small portion of its private label merchandise. The principal private label brands offered by the Company include Alfani, American Rag, Aqua, Bar III, Belgique, Charter Club, Club Room, Epic Threads, first impressions, Giani Bernini, Greg Norman for Tasso Elba, Home Design, Hotel Collection, Hudson Park, Ideology, I-N-C, jenni by jennifer moore, JM Collection, John Ashford, Karen Scott, Maison Jules, Martha Stewart Collection, Material Girl, Morgan Taylor, Studio Silver, Style & Co., Style & Co. Sport, Sutton Studio, Tasso Elba, Thalia Sodi, the cellar, Tools of the Trade, and Via Europa. The trademarks associated with all of the foregoing brands other than American Rag, Greg Norman for Tasso Elba, Martha Stewart Collection, Material Girl and Thalia Sodi are owned by the Company. The American Rag, Greg Norman, Martha Stewart Collection, Material Girl and Thalia Sodi brands are owned by third parties, which license the trademarks associated with such brands to Macy's. Macy's Logistics and Operations (Macy's Logistics), a division of a wholly owned indirect subsidiary of the Company, provides warehousing and merchandise distribution services for the Company's operations.
The properties of the Company consist primarily of stores and related facilities, including a logistics network. The Company also owns or leases other properties, including corporate office space in Cincinnati and New York and other facilities at which centralized operational support functions are conducted. As of January 31, 2015, the Company's stores consisted of approximately 147,400,000 square feet. Of 823 stores, 447 were owned, 267 were leased and 109 stores were operated under arrangements where the Company owned the building and leased the land.
The Company competes with Amazon, Bed Bath & Beyond, Belk, Bon Ton, Burlington Coat Factory, Dillard's, Gap, J.C. Penney, Kohl's, L Brands, Lord & Taylor, Neiman Marcus, Nordstrom, Ross Stores, Saks, Sears, Target, TJ Maxx and Wal-Mart.
7 W 7th St
CINCINNATI OH 45202-2424