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Authors: Macy's (Firm) Subjects: Department stores--Catalogs Trade catalogs--Department stores. Publisher: R.H. Macy, New York Contributing Library: Winterthur Museum Library Digitizing Sponsor: Lyrasis Members and Sloan Foundation View Book Page: Book Viewer About This Book: Catalog Entry View All Images: All Images From Book
On February 2, 2009, Macy's announced the elimination of 7,000 jobs, or 4% of its workforce, and slashed its dividend as it looked to lower expenses as part of a major restructuring. Cincinnati-based Macy's Inc. stated that the workforce reduction included positions in offices, stores, and other locations, and the cuts include some unfilled jobs.
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.
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...
Since its 1992 debut, Macy's stock is up 205% from its split-adjusted $5.75 IPO but is down more than 75% from its 2015 record high around $73. Jared Blikre is a reporter focused on the markets on ...
The company reported that of its top 15 best-performing geographic markets in the key holiday selling month of December 2008, 13 were My Macy's pilot districts. The My Macy's organizational model was then rolled out across the U.S. in 2009 and became a Harvard Business School case study for successful localization within a national retailing model.
In 1995, Federated Department Stores (now Macy's, Inc.), which owned both Macy's and I. Magnin specialty department stores, closed the I. Magnin chain. Macy's 1929/1948 building and its Union Square-facing buildings formed an "L" shape surrounding the I. Magnin Union Square store at the southwest corner of Stockton and Geary streets, built in 1946.
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