Profile: Macy's Inc (M)
10 Mar 2014
Macy’s, Inc. (Macy’s), incorporated on December 13, 1985, is a retail organization operating stores and Internet Websites under two brands (Macy's and Bloomingdale's) that sell a range of merchandise, including apparel and accessories (men's, women's and children's), cosmetics, home furnishings and other consumer goods in 45 states, the District of Columbia, Guam and Puerto Rico. As of January 28, 2012, the Company's operations were conducted through Macy's, macys.com, Bloomingdale's, bloomingdales.com and Bloomingdale's Outlet. During the year ended December 31, 2011, the Company opened three new Bloomingdale's Outlet stores and re-opened one Macy's store. On February 25, 2011, the Company sold its investment in The Knot, Inc.
During 2011, the Company’s subsidiaries provided 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 proprietary and non-proprietary 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. is responsible for the design, development and marketing of Macy’s private label brands and certain licensed brands. The principal private label brands offered by Macy’s include Alfani, American Rag, Bar III, Belgique, Charter Club, Club Room, Epic Threads, first impressions, Giani Bernini, greendog, Greg Norman for Tasso Elba, Holiday Lane, Hotel Collection, Hudson Park, Ideology, I-N-C, jenni, John Ashford, JM Collection, Karen Scott, Martha Stewart Collection, Material Girl, Morgan Taylor, Sky, Studio Silver, Style & Co., Style & Co. Sport, Tasso Elba, the cellar, Tools of the Trade, Tools of the Trade Basics, and Via Europa. The principal licensed brands managed by MMG are American Rag, Greg Norman for Tasso Elba, Martha Stewart Collection, and Material Girl. 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. MMG also offers its services, either directly or indirectly, to unrelated third parties.
The Company competes with Amazon, Bed Bath & Beyond, Belk, Bon Ton, Burlington Coat Factory, Dillard’s, Gap, J.C. Penney, Kohl’s, Limited, Lord & Taylor, Neiman Marcus, Nordstrom, Saks, Sears, Target, TJ Maxx and Wal-Mart.
7 West Seventh Street
CINCINNATI OH 45202