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DEVELOPING A CULTURE OF GROWTH

MACYS, INC.

FACT BOOK 2011

FISCAL YEARS 2011 AND 2012

CALENDAR OF PUBLIC DISCLOSURES


Note: All dates are subject to change.

MONTHLY SALES ANNOUNCEMENTS


Fiscal 2011 Sales Release Dates 3/3/11 4/7/11 5/5/11 6/2/11 7/7/11 8/4/11 9/1/11 10/6/11 11/3/11 12/1/11 1/5/12 2/2/12 Fiscal 2012 Sales Release Dates 3/1/12 4/5/12 5/3/12 5/31/12 7/5/12 8/2/12 8/30/12 10/4/12 11/1/12 11/29/12 1/3/13 2/7/13

QUARTERLY RESULTS
Fiscal 2011 Three Months Ended 4/30/11 7/30/11 10/29/11 1/28/12 Fiscal 2012 Three Months Ended 4/28/12 7/28/12 10/27/12 2/2/13 2011 Earnings Release Dates 5/11/11 8/10/11 11/9/11 2/21/12 10Q/10K SEC Filing 6/6/11 9/6/11 12/5/11 3/28/12

Month February March April May June July August September October November December January

2012 Earnings Release Dates 5/9/12 8/8/12 11/7/12 2/26/13

10Q/10K SEC Filing 6/4/12 9/4/12 12/3/12 4/3/13

Media: Jim Sluzewski .......................................................................1-513-579-7764 Investor: Susan Robinson (prior to 7/1/11); Matt Stautberg (after 7/1/11) ............................................1-513-579-7028 Transfer Agent: BNY Mellon Shareowner Services Inside the United States and Canada .......................1-866-337-3311 Outside the United States and Canada ...................1-201-680-6578 For the Hearing Impaired................................1-800-231-5469 (TDD) Toll-Free Information Request Line ..............................1-800-261-5385 Macys, Inc. Corporate Website ............................www.macysinc.com

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CONTENTS
CALENDAR OF PUBLIC DISCLOSURES .................................................... 2 MACYS, INC. At-A-Glance........................................................................................................... 4 Financial Highlights ............................................................................................. 4 Corporate Vision, Philosophy and Financial Objectives ................................. 5 Highlights of Progress in 2010 ............................................................................ 6

MACYS ......................................................................................................... 7

BLOOMINGDALES .................................................................................... 14

MACYS, INC.: A DIVERSE AND INCLUSIVE ORGANIZATION.............. 16

GIVING BACK TO OUR COMMUNITIES .................................................. 17

SOCIAL RESPONSIBILITY .......................................................................... 20

FINANCIAL OVERVIEW ............................................................................ 24

STORE LISTINGS Maps..................................................................................................................... 31 Locations.............................................................................................................. 40

COMPANY HISTORY .................................................................................. 52

MACYS, INC. BOARD OF DIRECTORS/ CORPORATE MANAGEMENT ................................................................. 58

SHAREHOLDER INFORMATION .............................................................. 61 STORES AND EMPLOYEES BY STATE ...................................................... 62

2011 Corporate Fact Book | 3

MACYS, INC. AT-A-GLANCE


Macys, Inc., with corporate ofces in Cincinnati and New York, is one of the nations premier retailers, with scal 2010 sales of $25 billion. The Macys brand includes about 810 Macys department stores and furniture galleries in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com. The Bloomingdales brand includes 41 department stores and home stores in 12 states, bloomingdales.com, and (as of April 2, 2011) four Bloomingdales Outlet stores in three states. Bloomingdales also operates in Dubai under a lease agreement with Al Tayer Group LLC. Macys, Inc.s diverse workforce includes approximately 166,000 employees. Prior to June 1, 2007, Macys, Inc. was known as Federated Department Stores, Inc. The companys shares are traded under the symbol M on the New York Stock Exchange.

FINANCIAL HIGHLIGHTS
2010 Net Sales (in billions) Change in same-store sales (Note 1) Operating Income (in billions) % of sales Operating Income, Excluding Certain Items (in billions) (Note 2) % of sales Diluted Earnings Per Share Net income Net income, excluding certain items (Note 2) Cash Flow from Operating Activities (in billions) Cash Flow from Operating Activities Net of Cash Used by Investing Activities (in billions) (Note 2) $ 25.003 4.6% $ 1.894 7.6% 2009 $ 23.489 (5.3)% $ 1.063 4.5%

1.919 7.7%

1.454 6.2%

$ $

1.98 2.11

$ $

0.78 1.36

1.506

1.750

1.041

1.373

Notes: (1) Represents the year-to-year percentage change in net sales from Bloomingdales and Macys stores in operation throughout the year presented and the immediately preceding year and all Internet sales. (2) Represents a non-GAAP measure of operating results. Supplemental Operating Results on page 26 contains a reconciliation to the most comparable GAAP measure.
The foregoing nancial information, including non-GAAP measures that exclude certain items, should be read in conjunction with the audited nancial statements, including the related notes and other nancial information contained in the companys most recent Securities and Exchange Commission lings.

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CORPORATE VISION, PHILOSOPHY AND FINANCIAL OBJECTIVES


CORPORATE VISION
Macys, Inc. is a premier national omnichannel retailer with iconic brands that each operate outstanding stores and dynamic online sites. Both Macys and Bloomingdales are known worldwide, and each has its own unique identity and customer focus.

CORPORATE PHILOSOPHY
Macys, Inc. clearly recognizes that the customer is paramount and that all actions and strategies must be directed toward providing a localized merchandise offering and shopping experience to targeted consumers through dynamic department stores and online sites. Aggressive implementation of the companys customer-centric strategies by a talented, experienced organization will provide Macys, Inc.s department stores with an important competitive edge. Macys, Inc. is committed to open and honest communications with employees, shareholders, vendors, customers, nancial analysts and the news media. The company seeks to be proactive in sharing information and in keeping these key stakeholder groups up-to-date on important and material developments. At Macys, Inc., our greatest strength lies in the skill, judgment and talent of our people. Every day a production of enormous magnitude takes place on our selling oors and behind the scenes, where our people bring the companys strategic goals to life. Our priority of attracting, retaining and growing the most talented people in the retail industry has been and will continue to be our greatest advantage.

CORPORATE FINANCIAL OBJECTIVES


The objectives of Macys, Inc. are: To grow sales; To continue to increase the companys protability levels (earnings before interest, taxes, depreciation and amortization) as a percent of sales; To improve return on invested capital; To maximize total shareholder return.

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HIGHLIGHTS OF PROGRESS IN 2010


CULTURE OF GROWTH DEVELOPS
Following several years of initiating signicant changes to the companys structure and organization, the benets began coming to fruition in 2010 as a culture of growth developed at Macys, Inc. Same-store sales in scal 2010 were up 4.6 percent. Operating income rose by 78 percent to $1.894 billion in 2010 from $1.063 billion in 2009. (The increase in operating income was 32 percent, excluding asset impairments, store closing costs and division consolidation costs of $25 million in 2010 and $391 million in 2009.) Return on invested capital a key measure of nancial productivity rose signicantly in 2010 from 2009. The company believes that the strategies that led to success in 2010 are still in the early phases of implementation with plenty of runway ahead to produce further improvements in sales, earnings and cash ow as execution sharpens. Among the strategies driving growth are My Macys localization, an increase in distinctive and exclusive merchandise, MAGIC Selling training (a new approach to customer engagement, rolled out to 130,000 associates in 2010), omnichannel integration and focus on the upscale customer at Bloomingdales.

INVESTMENT IN OMNICHANNEL INTEGRATION


Macys, Inc. continued to develop and expand its online capabilities in 2010 to accommodate future growth. This investment is part of the companys omnichannel strategy, which integrates the offerings in stores, the Internet and mobile technologies. The mission is to serve customers needs whenever and however they choose to shop, and to fulll their orders from inventory no matter where it exists across the company. In 2010, the company announced that it will build a new 1.3 million-square-foot online fulllment center near Martinsburg, WV, with operations beginning in April 2012 and order shipments beginning in summer 2012. In addition, Macys is expanding its online order fulllment center near Portland in Robertson County, TN. The expansion will add 374,000 square feet of space. The expanded facility, with a total of 974,000 square feet, is expected to be operational in fall 2011. Also being expanded are macys.com organizations in New York City and San Francisco, bloomingdales.com in New York City and related technology functions in Atlanta. Macys, Inc. is building one of the largest, most efcient and resourceful e-commerce organizations in American retailing as part of our comprehensive omnichannel strategy. This is a business that thrives on unrelenting creativity and innovation. Having the right talent in the right place is vital as we seek to sustain and accelerate our sales growth online, as well as in the stores.

DEBT REDUCTION
The company in scal 2010 continued to improve its balance sheet, paying down more than $1.2 billion of debt (including $1 billion retired early) and contributing $825 million to the pension plan. Macys, Inc. ended the scal year with $1.5 billion of cash.

NEW MOBILE TECHNOLOGY ADOPTED


Macys, Inc. took several signicant steps to advance its capabilities in mobile technology, which continues to gain acceptance with consumers in the United States. Macys and Bloomingdales optimized the ability for consumers to use any smart phone to navigate the companys e-commerce sites. When customers use an Internet-capable mobile device to visit macys.com and bloomingdales.com, they now see larger and clearer images and click-through buttons so using the sites is faster and easier. In addition, Macys launched an upgraded iShop application for the iPhone and began piloting the use of Shopkick a new locationbased shopping app at about 150 stores in the New York, Los Angeles, San Francisco and Chicago markets. In the fall season, a Bloomingdales initiative allowed customers to check in at any Bloomingdales store on Foursquare and be automatically entered for prizes.

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MACYS, ESTABLISHED IN 1858, IS THE GREAT AMERICAN DEPARTMENT STORE AN ICONIC RETAILING BRAND WITH ABOUT 810 STORES OPERATING COAST-TO-COAST AND ONLINE AT MACYS.COM. MACYS OFFERS POWERFUL ASSORTMENTS AND THE BEST BRANDS, TAILORED TO EACH AND EVERY CUSTOMER WITH OBVIOUS VALUE, ENGAGING SERVICE AND UNFORGETTABLE MOMENTS.
Clearly, Macys is distinctly different from other major retailers. Macys embraces customers and strives to provide an experience that transcends ordinary shopping. Our DNA includes special events that are magical the Macys Thanksgiving Day Parade, the Fourth of July Fireworks, ower shows, fashion extravaganzas, celebrity appearances, cooking demonstrations and holiday traditions ranging from the arrival of Santa Claus to tree lightings and animated window displays. Beyond fantastic events, Macys is delivering magical moments every day. We surprise and delight customers with unique and interesting fashion merchandise including exclusive brands that our customers wont nd elsewhere. We engage customers in stores, online and via mobile devices by offering advice and options that bring fashion ideas to life. Our looks set the tone in style magazines, videos, TV shows, movies, blogs and websites. Our associates take the extra step to help a customer in need. Every year, we receive tens of thousands of messages complimenting our people and saluting the shopping experience at Macys. Its all part of the excitement that weve been creating for 152 years. Localization is a key component of Macys strategic formula for continued growth and success. Through the local initiative of My Macys, we have invested in talent, technology and marketing that allow us to ensure that each and every Macys store is just right for the customer who shops in that location. We have provided for more local decision-making in every Macys community. We are tailoring our merchandise assortments, space allocations, service levels, visual merchandising and special events store-by-store. In 2010, Macys opened two new stores in Palmdale and Tracy, CA. Macys Home stores in Kansas City, KS, and Owensboro, KY, were consolidated into nearby full-line stores during the year. A Macys store in Warwick, RI, was closed in 2010 due to ood damage and re-opened when repairs were complete in March 2011. In January 2011, the company announced the closing of three Macys stores in Union City, GA; Chestnut Hill, MA; and Austin, TX.

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MAGIC SELLING CREATED


Macys launched this energized new approach to customer engagement by training more than 130,000 store associates in 2010, reinforced with a refresher course in early 2011 and ongoing coaching of associates on the sales oor. MAGIC Selling helps us better understand the needs of our customers, as well as provide options and advice. MAGIC Selling steps include: Meet and Make a Connection; Ask Questions and Listen; Give Options, Give Advice; Inspire to Buy ... and Sell More; and Celebrate the Purchase. It is the largest training and development program ever conducted in the company. MAGIC Selling is, in effect, Macys nationwide in-store growth strategy.

PRIVATE BRANDS AND EXCLUSIVE MERCHANDISE CONTINUE TO DEVELOP


Macys portfolio of private brands, including Alfani, American Rag, Charter Club, Hotel Collection, I.N.C. and Style & Co., continued to thrive in 2010 and outperformed market brands. These private brands deliver outstanding fashion, quality and value to the customer. And their approach to the marketplace has been strengthened through the local focus of My Macys. In 2010, private brands continued to be strong and represented approximately 20 percent of sales at Macys. A new contemporary Impulse brand Bar III launched in spring 2011. And Macys announced its Tasso Elba menswear brand would team up with golf brand Greg Norman Collection for an exclusive line called Greg Norman for Tasso Elba, beginning in 2011. (See pages 10-13 for more information on Macys private brands.)

EXCLUSIVE MERCHANDISE GROWS


Beyond private brands, Macys continued to aggressively pursue customer-right merchandise from market brands that are sold exclusively at Macys. This builds on our success with Martha Stewart Collection, Tommy Hilger, Rachel Rachel Roy and others. In 2010, exclusives launched included Ellen Tracy sportswear; Material Girl, a juniors line designed by Madonna and her daughter Lourdes; Kenneth Cole Reaction mens sportswear; Sean John mens sportswear; and Vida for Espaa by Eva Mendes, a dinnerware line. Exclusive and limited-distribution merchandise (including private brands) at Macys rose to more than 43 percent of total sales in 2010. Exclusivity also expanded in leased departments. In 2010, Sunglass Hut departments continued to expand to Macys stores nationwide. And Destination Maternity became the exclusive maternity and nursing apparel supplier to Macys, typically offering merchandise under the Motherhood Maternity and A Pea in the Pod brands.

INNOVATIONS IN IMPULSE
Macys is bringing additional resources and ideas to its Impulse departments, which feature contemporary fashion for women and men. A new Capsule Collection initiative beginning in 2011 engages acclaimed fashion designers to create a series of rotating collections of limited-edition womens apparel pieces to be sold in 235 Macys stores and on macys.com. Among designers with capsule collections at Macys in 2011 are Kinder Aggugini, Matthew Williamson and Karl Lagerfeld. In 2010, Macys began the rollout of Impulse Beauty, a new concept featuring an open-sell space of niche beauty brands to complement the traditional beauty counters. Impulse Beauty offers Macys customers the opportunity to shop featured beauty brands independently with assistance available from specialized beauty advisers. More than 50 Impulse Beauty departments were in place by fall 2010, with an additional 50 planned for 2011. Also in 2011, Macys launched Bar III, a new contemporary private brand for the womens and mens Impulse departments.

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CAUSE MARKETING INVOLVES CUSTOMERS


Macys continued to evolve in 2010 as one of the largest and most skilled cause marketers in America, working with customers to raise more than $23.8 million for worthwhile charities in 2010. Macys remains a national sponsor of the American Heart Associations Go Red For Women movement, having collected more than $25 million over seven years to fund life-saving research and raise awareness among women of life-threatening heart disease. Other major cause marketing programs at Macys in 2010 benetted the Make-A-Wish Foundation, Breast Cancer Research Foundation, Reading Is Fundamental and National Park Foundation. (See pages 17-19 for more details on Macys corporate giving and cause marketing.)

DIGITAL/SOCIAL MEDIA
Macys is rapidly increasing its use of digital and social media to reach customers and build relationships. Programs such as the spring Fashion Director campaign encourage shoppers to explore the styles and assortments at Macys. By the end of scal 2010, Macys had more than 1.2 million Facebook friends, as well as active programs on Twitter, YouTube and other sites.

4 PRIORITIES
MACYS 4 STRATEGIC PRIORITIES ARE:
Differentiating merchandise assortments and tailoring them to local tastes; Delivering obvious value; Improving the overall shopping environment; and Enhancing customer engagement, loyalty and trafc through more brand-focused and effective marketing.

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PRIVATE BRANDS
MACYS IS RECOGNIZED AS A RETAIL INDUSTRY LEADER IN DEVELOPING PRIVATE BRAND MERCHANDISE THAT DIFFERENTIATES THE ASSORTMENTS IN OUR STORES AND DELIVERS EXCEPTIONAL VALUE TO THE CUSTOMER.
Merchandise for each private brand, available Only at Macys, is developed to appeal to a certain customer lifestyle and is supported with marketing programs that create a precisely dened image. Macys also develops private label goods to meet specic customer needs and to ll gaps in the assortment.

For women, Alfani offers modern separates with a clean, feminine sensibility and a rened t. The brand is designed to be the stylish womans resource for wear-towork clothes that are both polished and versatile. Alfani for women includes sportswear, intimate apparel, jewelry, shoes and accessories. Alfani offers clothing for the man who wants to look modern and professional. The collection is designed with an emphasis on fabric, detail and performance. Alfani for men includes sportswear, tailored clothing, furnishings, shoes and accessories. Alfani Red is a t designation within the Alfani line that indicates a slimmer, more streamlined t.

Bar lll is the newest major addition to the private brand portfolio. This collection of contemporary womens and mens clothing launched in February 2011 in Macys Impulse zone. Featuring design that is versatile and fashion-forward, the brand speaks to a young, style savvy and technologically sophisticated customer looking for distinctive pieces that work day and night and can be mixed with a high/low wardrobe that ranges from denim to true designer apparel. Later this year, Bar lll will be adding jewelry to its offerings.

American Rag is a young, fashion-forward line of denim and separates. A favorite among Juniors and Young Men, the line melds vintage-inspired colors and prints with classic denim and the seasons trends. Recent additions to American Rag include a line of dressed-up separates for girls and suit separates for young men.

Charter Club offers classic, all-American style in womens ready-to-wear and home collections. The ready-to-wear collection, designed for the woman who appreciates both style and ease, features separates assorted for all occasions. The home collection provides the essential elements to create an elegant, traditional dcor. The brand includes sportswear, intimate apparel, jewelry, accessories, bedding and bath.

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Club Room features classic American menswear for weekend or business casual occasions and tailored suit separates for the career-oriented professional. The Club Room brand includes sportswear, tailored clothing, furnishings, shoes and accessories.

Epic Threads is designed for tweens who want cool, original clothing that expresses their personality. Taking a cue from popular skate and streetwear brands, Epic Threads is urban, imaginative and edgy. The brand has a strong denim base, a high-energy color palette and an individualistic sensibility. Epic Threads Collection, introduced in 2011, offers dressy options for style-savvy tweens.

Tracing a trajectory from quiet label to powerhouse brand, Giani Bernini has emerged as a coveted name for handbags and small leather goods within Macys. The brands ne materials and classic design attract a traditional customer who recognizes quality when she sees it. In fall of 2011, Giani Bernini will expand to include comfort shoes, sold under the GB by Giani Bernini name, and an extensive assortment of sterling silver bridge jewelry.

First Impressions classic clothing for newborns and infants is dened by ne fabrics and time-honored details. The collections soft fabrications and sweet, traditional designs make First Impressions a favorite gift choice. The brand includes clothing and matching accessories for boys and girls with an emphasis on special occasion dressing.

This luxury collection for the home evokes the cool, cleanlined style of a world-class hotel, creating an oasis in the modern world. Hotel offers high thread-count sheets and luxurious fabrics for the customer who appreciates quality and modern design. The sophisticated collection includes bedding, bath and mattresses. A new line extension offers easy-care product with a mix-and-match design element.

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I.N.C. for women delivers up-to-the-minute, trend-right sportswear designed to add freshness and fun to the fashionable womans wardrobe. Cutting edge, off-therunway trends are captured and delivered in high-prole, affordable clothes and shoes for the woman who wants to be noticed. I.N.C. Men offers fashion-forward clothing with a modern t and sharp styling. Cool, understated suit separates, a broad range of style-conscious denim, sophisticated knits and graphic T-shirts are designed to mix and match for maximum versatility for the contemporary man.

With a pretty, feminine sensibility and an emphasis on comfort, JM Collection is designed for the woman who wants versatile, work-to-weekend clothes at an affordable price. The collection consists of easy, classic silhouettes updated each season in new colors, prints and textures. Solution-oriented separates like the Magic Pant are an important part of the brands growing appeal.

With fun colors and irty prints, Jenni by Jennifer Moore intimates stand out as the choice for the young, fashionable customer, featuring a bright and cheerful selection of pajamas, loungewear and lingerie. The brand recently expanded into the Juniors arena, where its colorful, comfortable sensibility stands out in an assortment that includes sweatpants, hoodies, tees, and other items. The So Jenni brand takes the fun feel of Jenni to the childrens category, offering girls clothing in sizes 7-16.

Designed for the busy woman with an easy, modern sense of style, this brand offers a versatile collection of fashionable sportswear and stylish accessories that transition from home to work to weekend. Style & Co. Home bedding offers the same clean lines, great style and youthful ease she loves. The brand includes sportswear, shoes, jewelry, handbags, accessories and bedding.

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BRANDS AND LABELS


Elegant and rened, this brand of European-inspired classic menswear is characterized by luxury fabrics and attention to detail. It is designed for the more traditional customer, who expects the best in investment dressing. The brand includes sportswear, tailored clothing, furnishings, shoes and accessories. In spring of 2011, Tasso Elba partnered with Greg Norman for the launch of Greg Norman for Tasso Elba, a broad assortment of golf-inspired menswear and accessories. Shark by Greg Norman for Tasso Elba is the younger, more tted expression of this worldly golf lifestyle. The difference between a brand and a label is subtle but important. Our brands have fully developed brand proles targeted to specic consumers and are supported with national advertising and branded in-store environments. A label is just that: a name attached to a category of merchandise that lls a niche in our assortments. Examples of our labels include:

Greendog Holiday Lane John Ashford Karen Scott Morgan Taylor

With more than 20 years of success to its name, this cookware brand is a trusted line in countless American households. Designed to provide high performance at a reasonable price, Tools of the Trade offers quality, reliability and style in cookware and cutlery. The brand is divided into different lines to suit the needs of every kind of cook, from novice to expert.

The Cellar Via Europa

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BLOOMINGDALES, AMERICAS ONLY NATIONWIDE, FULL-LINE, UPSCALE DEPARTMENT STORE, IS RECOGNIZED FOR ITS ORIGINALITY, INNOVATION AND FASHION LEADERSHIP. IT TRULY IS LIKE NO OTHER STORE IN THE WORLD. IN FACT, BLOOMINGDALES IS A LEADING ATTRACTION FOR VISITORS AND TOURISTS COMING TO THE UNITED STATES FROM AROUND THE GLOBE. THIS BRAND INCLUDES 41 STORES, BLOOMINGDALES.COM AND FOUR BLOOMINGDALES OUTLET LOCATIONS.
Bloomingdales is separating itself from the mainstream and reinforcing its position as an authority for upscale, contemporary fashion. Customers are attracted by the latest styles from the hottest brands, such as Armani, Burberry, Chanel, Christian Dior, David Yurman, Jimmy Choo, Louis Vuitton, Miu Miu, Prada, Ralph Lauren Black Label, Theory and Tory Burch. Bloomingdales shoppers have come to expect and savor variety the newest looks from established brands, as well as unique products from rising young designers. Supporting these fashion brands are exceptional customer amenities international visitors centers, personal shoppers, outstanding tting rooms and lounges elegant events and personalized, attentive service that strengthen customer relationships and build loyalty.

BLOOMINGDALES OUTLETS DEBUT


The company launched a new Bloomingdales Outlet store concept in 2010. Four new Bloomingdales Outlets, each with approximately 25,000 square feet, opened in fall 2010 in Bergen Town Center in Paramus, NJ; Dolphin Mall in Miami, FL; Potomac Mills in Woodbridge, VA; and Sawgrass Mills in Sunrise, FL. Bloomingdales Outlet stores offer a range of apparel and accessories, including womens ready-to-wear, mens, childrens, womens shoes, fashion accessories, jewelry, handbags and intimate apparel. Additional Bloomingdales Outlet stores are expected to roll out to selected locations across the country in 2011 and beyond. This includes three new outlet stores expected to open in 2011.

BLOOMINGDALES OPENS IN SANTA MONICA


Fashioned after New York Citys Soho location, a new Bloomingdales opened in Santa Monica, CA, in 2010 to anchor the Santa Monica Place shopping center. This contemporary mens and womens specialty store occupies more than 101,000 square feet and was designed to capture the diversity and culture of Santa Monica while adding a distinctive Bloomingdales presence. The renovation and restoration of the building was done in an effort to maintain the integrity of the space and respect for the environment. Among the stores features is Bloomingdales b-Style Bar, a new concept in personal shopping. Customers have the opportunity to work with their own stylist who will escort them throughout the store to assemble an entire look from head-to-toe. The high-tech b-Style Bar includes wi- capabilities, PCs for instant connection to the bloomingdales.com website, and a at-screen TV airing fashion shows and trend reports.

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BLOOMINGDALES OPENS IN DUBAI


On Feb. 1, 2010, Bloomingdales opened in Dubai under a license agreement with Al Tayer Insignia, a company of Al Tayer Group LLC. This is the companys rst international location. A three-level Bloomingdales apparel and accessories store with 146,000 square feet and a one-level home store with 54,000 square feet anchor The Dubai Mall, one of the worlds largest shopping centers. Delivering a world-class retail experience, Bloomingdales Dubai is a full-line, upscale department store showcasing a brand portfolio representing the latest and most desirable merchandise across every category throughout both the main and home stores. Included are boutique shops from luxury fashion houses such as YSL, Gucci, Bottega Veneta, Jimmy Choo, Balenciaga, Coach and Armani Collezioni; a Concierge Desk for priority customer service; a dedicated Fragrance Hall; the largest designer footwear department in the region; and a childrens world with interactive games, rides and toy machines.

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MACYS, INC. A DIVERSE AND INCLUSIVE ORGANIZATION


DIVERSITY IS AT THE CORE OF MACYS, INC.S APPROACH TO DOING BUSINESS. IT TOUCHES ALL AREAS OF OUR COMPANY. WE EXPECT OUR ASSOCIATES, OUR ADVERTISING AND IN-STORE PRESENTATIONS, AND THE COMPANIES WITH WHICH WE DO BUSINESS TO MIRROR THE BROAD AND DIVERSE CUSTOMER BASE WE SERVE.

OUR ASSOCIATES
Macys believes that different perspectives are important to our company, and we benet greatly from the individual strengths of each associate. To serve our diverse customers, we have to be a diverse company. Women represent more than 76 percent of the workforce across Macys, Inc., and more than 65 percent of management-level executives are women. Racial minorities represent more than 46 percent of our associate team and represent more than 27 percent of our management team.

OUR MARKETING AND ADVERTISING


A crucial part of our diversity strategy is our multicultural marketing. We use powerful and evocative images, symbols and words to communicate our brand messages, our special events and our merchandise selections to our diverse core customers. And we deliver those messages via targeted media channels to reach customers where and when they want to receive our messages. We also work with minority-owned and women-owned agencies to ensure our concept development and ad placements are in sync with our multicultural customer.

OUR SUPPLIERS
Having a supplier base that reects our diverse customer base gives us a tremendous competitive advantage, particularly because it enables us to source distinctive merchandise to present in our stores. It also helps us give meaningful support to businesses that contribute to the economic health of our local communities. Our Supplier Diversity Program helps us identify and support emerging minority-owned or women-owned businesses. New in 2011 is The Workshop at Macys, our companys rst business development program, which will foster growth in the next generation of minority-owned and womenowned retail talent.
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GIVING BACK TO OUR COMMUNITIES


MACYS, INC. SUPPORTS THOUSANDS OF NONPROFIT ORGANIZATIONS ANNUALLY BECAUSE WE BELIEVE GIVING BACK IS THE RIGHT THING TO DO. ITS A LONG-STANDING TRADITION AND ONE OF WHICH WE ARE VERY PROUD. IN 2010, MACYS, INC., THE MACYS FOUNDATION, EMPLOYEES AND CUSTOMERS CONTRIBUTED APPROXIMATELY $60 MILLION TO WORTHWHILE CAUSES ACROSS OUR COUNTRY. IN ADDITION, OUR ASSOCIATES GAVE MORE THAN 122,000 HOURS OF THEIR PERSONAL TIME FOR COMMUNITY SERVICE.

CORPORATE AND FOUNDATION GIFTS


Collectively, Macys, Bloomingdales and the Macys Foundation granted more than $27 million to 4,500 nonprot organizations in 2010. The majority of our gifts were directed to our core focus areas of arts and culture, education, the environment, HIV/AIDS research and awareness, and womens issues. Our support helped sponsor art exhibits, free admission to museums, art education workshops for youngsters, and special musical performances. In education, we funded scholarships, mentoring and tutoring programs, early childhood education programs, summer reading programs, and adopt-a-school programs. Support for our HIV/AIDS focus area included funding for meals and nutrition programs, prevention and awareness efforts, and research and counseling programs. Our support for environmental issues covered both conservation and preservation efforts such as animal preservation programs at zoos, a childrens garden education program to help build a conservation mindset, and sponsorship of Earth Day activities. We contributed to womens health issues such as early detection and screening programs for heart disease, breast cancer, and ovarian cancer; provided assistance to emergency shelters; and funded programs to combat domestic and dating violence. We supported self-esteem programs for young girls and teens, as well as programs to build leadership skills and increase girls interest in math and science. A new program in 2010 the My Macys District Grants program provided funds to each of the 69 Macys operating districts which they could grant to local organizations. Mirroring our My Macys business strategy, which stresses local decisions that drive individual stores merchandise offerings, the My Macys District Grants program helps our local teams support the organizations and events that are important in their communities. In its initial year, more then 1,200 individual grants were awarded. As part of our third annual Believe campaign during the holidays, and based on the famous Yes, Virginia, there is a Santa Claus editorial in the New York Sun, our customers dropped letters to Santa into special letter boxes in our stores. Macys pledged to donate $1 to Make-A-Wish for every letter received up to a maximum of $1 million, and in 2010 we added a $200,000 contribution for letters posted on Dec. 10 National Believe Day. To continue our emphasis on the environment and sustainability and to mark the 40th anniversary of Earth Day, Macys contributed $500,000 to the National Park Foundation in 2010, matching customer contributions as part of our Great Give Back campaign.

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ASSOCIATE GIFTS
MACYS AND BLOOMINGDALES ASSOCIATES ARE REMARKABLY GENEROUS AND LIVE THE GIVE BACK VALUE IN THEIR PERSONAL LIVES THROUGH MONETARY CONTRIBUTIONS, AS WELL AS GIFTS OF THEIR TIME AND LEADERSHIP TALENT.
Macys Foundation Matching Gifts: In 2010, our associates contributed more than $4 million of personal funds to 3,200 nonprot organizations across the nation. These associate gifts were doubled by the Macys Foundation Matching Gifts program, which matched associates contributions dollarfor-dollar to eligible nonprot organizations. United Way: Macys, Inc. associates contributed more than $7.3 million to the United Way in 2010. In addition, the Macys Foundation granted an additional $3.4 million to United Way chapters across the country for a total contribution of $10.7 million in 2010. Earning for Learning: Earning for Learning (EFL) is the initiative that provides $250 grants per semester to schools where Macys, Inc. associates, their families or retirees volunteer their time for education activities such as tutoring and mentoring. In 2010, the Macys Foundation awarded approximately 100 grants totaling $48,750 through the EFL program, and EFL volunteers gave 5,828 hours of service to their local schools.

CAUSE-RELATED PROGRAMS
BECAUSE MACYS, INC. BELIEVES IN HELPING TO CREATE STRONGER, MORE VIBRANT COMMUNITIES, WE INVITED OUR CUSTOMERS THROUGHOUT THE YEAR TO JOIN US IN MAKING A DIFFERENCE AND GIVING BACK. IN 2010, CUSTOMERS CONTRIBUTED $24.6 MILLION TO NONPROFIT ORGANIZATIONS NATIONWIDE THROUGH OUR SIGNATURE PROGRAMS.
Go Red For Women: 2010 marked Macys seventh year as national sponsor of Go Red For Women, the American Heart Associations campaign for awareness and prevention of heart disease in women. More than $4 million was contributed to the Go Red movement through our Wear Red Day promotion and from our Thanks For Sharing holiday rewards program. In seven years, Go Red has received more than $25 million from Macys and our customers. Great Give Back Campaign: To recognize the 40th anniversary of Earth Day, Macys Great Give Back campaign put the spotlight on the National Park Foundation (NPF) in an effort to raise $1 million for our national treasure our parks. Customers were encouraged to make a point-of-sale contribution, which Macys matched up to $500,000. A total of $1,027,725 was donated to NPF and, since our partnership began in 2008, NPF has received more than $8 million from Macys and our customers. Reading Is Fundamental: Customers supported Reading Is Fundamental (RIF), the nations oldest and largest literacy organization, with donations totaling $3.2 million in 2010. More than $16.5 million has been raised for RIF since our partnership began in 2004. Shop For A Cause: Shop For A Cause is our annual charity shopping day event held in every Macys store across the country. In 2010 Macys raised $2.5 million in one day for regional and national nonprot organizations. More than $36.5 million has been raised in the ve years that Macys has held this signature give back event. Thanks For Sharing: Thanks For Sharing is Macys holiday rewards program. In 2010 for the second consecutive year, $15 million was raised for charitable organizations across the country. By enrolling in the rewards program during the holiday season, customers are contributing to designated local and national nonprot organizations located in communities nationwide. In the past eight years, Thanks For Sharing has raised more than $81 million.

18 | Macys, Inc.

EMPLOYEE VOLUNTEERISM PROGRAMS


Since the Macys, Inc. Partners in Time employee volunteer program was founded in 1989 in Atlanta, thousands of volunteers have given more than 1.9 million hours of community service. Thats valued at $32 million to hundreds of charities weve impacted through the years. Along the way, our Partners in Time program has been nationally recognized, receiving the Points of Light/Hands On Network Award for Excellence in Workplace Volunteerism, among other honors. In 2010, about 32,000 participants joined 1,800 Partners in Time service projects throughout the country. Thousands of others were involved in give back initiatives such as cause marketing and employee giving campaigns, as well as our Macys Foundation Earning for Learning grants-for-schools program. Partners in Time and other give back volunteers gave more than 122,000 hours of service in 2010 alone. Partners in Time projects made a strong impact for youth with 21 percent of efforts beneting children and school partnerships. With the success of our Partners in Time Bag Hunger food campaign, celebrating its 13th anniversary in 2010, hunger relief represented 33 percent of volunteer efforts. Health issues, including AIDS, were supported by 11 percent of projects, and 7 percent supported breast cancer research, family violence awareness and other issues of special interest to women.

2010 PARTNERS IN TIME EMPLOYEE VOLUNTEER PROJECTS BY ISSUE AREA


21% Children/school partnerships 11% Health (including AIDS) 7% Arts/civic/culture/holiday 7% Womens issues 7% Environment/housing/ disaster relief 33% Hunger 14% Other*

* Projects for diversity initiatives and others.

BAG HUNGER PROVIDES 51.8 MILLION MEALS FOR HUNGRY FAMILIES


During the annual Partners in Time Bag Hunger food campaign, Macys, Bloomingdales and our support locations band together to help alleviate summer hunger a time when food pantry shelves are often bare and school meal programs are not offered. In 2010 and 2011, 19 million pounds of food and equivalent monetary contributions were donated by our generous associates. In addition, volunteerism was a special focus of the campaigns, and associates gave 68,000 hours of service, valued by our charities at $1.36 million. Throughout the country, Macys, Inc. Partners in Time volunteers assembled sandwiches for hunger-relief agencies, packed and sorted food at warehouses and served meals at soup kitchens, putting their passion for giving back into action. Since 1998, Partners in Time has provided an equivalent 66 million pounds of food or 51.8 million meals for hungry families throughout the country, many through afliates of Feeding America, the largest domestic hunger-relief organization in the United States.

2011 Corporate Fact Book | 19

SOCIAL RESPONSIBILITY
THERE IS NO SHORTAGE OF TALK ABOUT THE OBLIGATION OF PUBLIC COMPANIES TO BE SOCIALLY RESPONSIBLE TO THE PEOPLE AND COMMUNITIES WHERE THEY DO BUSINESS. AT MACYS, INC., WE HOLD THOSE SAME BELIEFS ALONG WITH A BELIEF THAT ACTIONS SPEAK LOUDER THAN WORDS WHEN IT COMES TO HELPING TACKLE SOME OF THE TOUGHEST PROBLEMS FACING US TODAY.

OUR ROAD TO SUSTAINABILITY: DOING BETTER EVERY DAY


At Macys, Inc., we believe that contributing to a more sustainable environment is good business practice and the right thing to do for future generations. As a leading national retailer with a signicant workforce, we have the opportunity to make a meaningful difference in improving the environment. And we will do so by using resources more efciently, providing eco-friendly products that meet customer expectations and striving to reduce our overall impact on the environment. We must, however, operate within the bounds of good business decision-making so that each action we take is measurable, sustainable and enduring. Macys, Inc.s commitment to sustainability is multi-dimensional. 1. We will be aggressive in our drive to eliminate wasteful behavior. In some cases, this requires consistent application of very simple principles, such as reminding our associates to turn off lights when rooms are not in use, to print fewer hard copies of e-mails, to recycle waste, to optimize facility performance and to use mass transit for commuting to work. In other cases, we will be pursuing systematic improvements to the way we do business, such as better targeting customer mailing lists and shifting marketing to electronic media so we are printing and sending fewer printed advertisements. 2. We will reduce our use of scarce resources in a meaningful way. Macys, Inc. will pursue ongoing programs to consume less electricity and water, reduce our waste stream, and source more of our power from renewable resources such as solar energy. We will use fewer paper-related products, recycle more and seek to use paper made with post-consumer waste. We will work to migrate more of our output from paper to electronic/digital, including large-scale projects such as monthly customer billing statements. By doing so, we will reduce the companys greenhouse gas footprint, energy consumption and costs.

20 | Macys, Inc.

3. Whenever possible and sensible within the context of our business requirements, Macys, Inc. will pursue the most environmentally friendly solution. We will be as aggressive as possible in changing for the better to preserve endangered forests, wildlife, water quality and eco-systems. We will explore ways to make our shopping bags, gift boxes, wrapping tissue, merchandise hangers and other staples of retailing from recycled and/or certied paper sources, with a preference for Forest Stewardship Council (FSC) certication. The building materials used in our stores will be environmentally certied whenever reasonably possible. 4. We will take a comprehensive approach to sustainability, involving everyone around us. Macys, Inc. will advocate sustainability and renewability with our vendor partners, associates and customers. This will include developing supplier sustainability standards and promoting eco-friendly products to our customers. We will encourage our associates and ask them to support our initiatives with their ideas, energy, personal actions and volunteer time. We will support efforts in our communities and our nation to clean up the environment and reduce consumption of scarce resources. 5. We will measure what we do and strive toward quantiable goals. Building on progress in 2008-2010, Macys, Inc. has set the following sustainability goals to guide our progress in the years ahead. Specically, Macys, Inc. will seek to: Reduce our energy consumption on a kWh-per-square-foot basis by another 8 percent to 10 percent by 2013 (compared with 2009 levels), recognizing that we already have reduced our energy consumption by about 19 percent over the past seven years (2003 to 2009). Host an additional 15 percent to 25 percent of renewable energy sources by 2013. Reduce the amount of paper we use by at least 10 percent by 2013 (from 2009 levels). This is on top of a reduction of 23 percent in the 2007 to 2009 period. Increase the percentage of recycled (10 percent PCW or higher) and/or third-party certied paper we use in marketing materials to 70 percent by 2013 from 63 percent in 2009 (up from 3 percent in 2006). Increase the use of sustainable building materials in all major construction projects by 20 percent by 2013 (over 2010 levels).

2011 Corporate Fact Book | 21

SUSTAINABILITY IN ACTION
We have made signicant progress and have taken dozens of tangible steps to reduce our impact on the environment. In part, we have: Installed active solar power systems at about 40 Macys and Bloomingdales stores and facilities. When a new 3.5-megawatt, high-efciency solar power system goes into service in spring 2011 at the companys Goodyear, AZ, online fulllment center, it will be the largest rooftop solar power system in the United States. Invested in energy efciency projects and consumption reduction initiatives that reduced our total energy use by 23 percent in the period 2002 to 2010. Decreased our use of ofce/copy paper by 36 percent and paper used in marketing by 14 percent in the period 2007 to 2010. Increased to 90 percent the proportion of recycled or certied paper used in our marketing materials, to 80 percent in our shopping bags, and to 89 percent in gift boxes. Installed more than 130,000 LED light bulbs in 2010 to cut energy consumption by up to 73 percent in 95 Macys stores, with continued rollout planned for 2011. Initiated recycling programs that diverted more than 66 tons of waste in 2010 from our stores, ofces and distribution centers away from dumping in landlls. Created an internal website, Green Living, so our 166,000 associates can interact with the company on sustainability-related topics at work and home. Substituted biodegradable packing materials in place of foam peanuts in shipping products bought by customers online. Eliminated the use of bottled water for internal meetings in Macys ofces. Initiated a two-year process for eliminating foam packaging (cups, bowls, plates, to-go containers) in the companys in-store restaurants. Pioneered efforts to reduce the number of empty trucks on the nations highways through a coordinated program called Empty Miles Service that matches empty trucks/trailers with other shippers or carriers that can use the space. Macys has been recognized by ForestEthics for reducing mailings and overall paper consumption, as well as for increased use of recycled and certied paper. The EPA has rated Macys as one of its top 20 partners for generating the most green electricity on site. And Newsweek ranked Macys among the top 150 greenest companies in America for its efforts with solar power, recycled paper and eco-friendly merchandise. We know we have more to learn and more to do in reducing our overall impact on the environment. We want Macys, Inc. to be a leader in the global effort to improve our climate and we are moving forward with conviction.

22 | Macys, Inc.

CONSUMER CHOICE
In a free society as eclectic and ethnically varied as ours, customers expect and demand a range of choices that meet their individual needs and fashion preferences. In our role as retailers, we recognize that it is the consumer who ultimately determines what products will continue to be viable retail offerings. Those decisions are made daily at the cash register by individual consumers and function as a singularly effective barometer for determining what will and will not be sold by retailers in a free and open marketplace. Varied and conicting viewpoints about what should or should not be sold underscore our belief that factors unrelated to the workings of a free economy are inappropriate determinants of retail offerings. For example, while we respect the views of individuals who choose not to buy or wear fur, we also respect the wishes of many others who are our customers and who want to make such choices for themselves. Macys, Inc. is involved in other crucial issue areas as well. In recent years, the company has initiated and completed an extensive, readily achievable upgrading of stores and facilities to comply with the Americans With Disabilities Act. The company also has actively participated in facilitating consumer product recalls, in industry efforts to safeguard consumer privacy, and in preventing credit fraud and abuses of personal bankruptcy laws that cost American families millions of dollars annually.

SWEATSHOPS, CHILD LABOR, HUMAN TRAFFICKING AND SLAVERY


Since 1995, Macys, Inc. has had a stringent Vendor & Supplier Code of Conduct that sets out specic standards and requirements for any vendor doing business with Macys, Inc. and is designed to protect workers in this country and abroad. All of the companys vendors are required to agree in writing to comply with the companys Code of Conduct. Among other things, the Code requires Macys, Inc.s vendors to allow unannounced factory inspections for contractual compliance, as well as for compliance with laws and regulations dealing with child or forced labor and unsafe working conditions. Macys, Inc. will not tolerate the involvement of its suppliers in human trafcking and slavery. It will quickly investigate any reports alleging human trafcking and slavery in the supply chain, and will take swift and decisive action against any supplier that is found to act improperly in this regard. Inspections of factories engaged in the production of private brand merchandise for the company are made routinely, and willful noncompliance with the Code will result in termination. (Macys, Inc.s policy on sweatshops and forced or child labor, as well as the companys Vendor & Supplier Code of Conduct, is posted on www.macysinc.com. The Code of Conduct also is available by calling 1-800-261-5385.)

2011 Corporate Fact Book | 23

FINANCIAL OVERVIEW

MACYS, INC. SALES BY MONTH


(Dollars in millions)

2010
Month February March April 1st QTR May June July 2nd QTR August September October 3rd QTR November December January 4th QTR TOTAL Sales $ 1,667 2,172 1,735 $ 5,574 $ 1,786 2,226 1,525 $ 5,537 $ 1,636 2,181 1,806 $ 5,623 $ 2,341 4,618 1,310 $ 8,269 $ 25,003 # Stores 850 849 849 849 849 849 852 853 854 854 854 850

% Change Comp-Store Sales 3.7% 10.8% 1.1% 5.5% 1.4% 6.5% 7.3% 4.9% 4.3% 4.8% 2.5% 3.9% 6.1% 3.9% 2.6% 4.3% 4.6%

2010 Macys, Inc. Sales by Merchandise Categories

FEMININE ACCESSORIES, INTIMATE APPAREL, SHOES & COSMETICS

FEMININE APPAREL

MENS & CHILDRENS

23

HOME/MISC.

15

Macys, Inc. Comp-Store Sales


1999 2000 2001 2002 4.5% 2.0% (5.3)% (3.0)% 2003 2004 2005 2006 (0.9)% 2.6% 1.3% 4.4% 2007 2008 2009 2010 (1.3)% (4.6)% (5.3)% 4.6%

2009
Month February March April 1st QTR May June July 2nd QTR August September October 3rd QTR November December January 4th QTR TOTAL Sales $ 1,577 1,931 1,691 $ 5,199 $ 1,744 2,044 1,376 $ 5,164 $ 1,542 2,042 1,693 $ 5,277 $ 2,174 4,422 1,253 $ 7,849 $ 23,489 # Stores 847 848 848 848 848 848 851 852 854 854 854 850

% Change Comp-Store Sales (8.5)% (9.2)% (9.1)% (9.0)% (9.1)% (8.9)% (10.7)% (9.5)% (8.1)% (2.3)% (0.8)% (3.6)% (6.1)% 1.0% 3.4% (0.8)% (5.3)%

2008
Month February March April 1st QTR May June July 2nd QTR August September October 3rd QTR November December January 4th QTR TOTAL Sales $ 1,737 2,142 1,868 $ 5,747 $ 1,926 2,249 1,543 $ 5,718 $ 1,686 2,093 1,714 $ 5,493 $ 2,324 4,397 1,213 $ 7,934 $ 24,892 # Stores 852 853 851 852 853 855 856 853 856 859 859 847

% Change Comp-Store Sales (3.5)% (6.2)% 3.0% (2.6)% (1.5)% (2.1)% (2.9)% (2.1)% (4.8)% (6.6)% (6.3)% (6.0)% (13.3)% (4.0)% (4.5)% (7.0)% (4.6)%

24 | Macys, Inc.

CONSOLIDATED STATEMENTS OF INCOME


(Dollars in millions, except per share data)
2010 2009

$ Net sales........................................................................................... Cost of sales ................................................................................................. Gross margin ................................................................................................. Selling, general and administrative expenses .......................................... Impairments, store closing costs and division consolidation costs ....... Operating income ........................................................................................ Interest expense net.................................................................................. Income before income taxes ...................................................................... Federal, state and local income tax expense ........................................... Net income.................................................................................................... Basic earnings per share .............................................................................. Diluted earnings per share .......................................................................... $ 25,003 14,824 10,179 (8,260) (25) 1,894 (574) 1,320 (473) $ 847 $ 2.00 $ 1.98

% to Net Sales

$ $ 23,489

% to Net Sales

59.3% 40.7% (33.0)% (0.1)% 7.6%

13,973 9,516 (8,062) (391) 1,063 (556) 507 (178) $ 329 $ 0.78 $ 0.78

59.5% 40.5% (34.3)% (1.7)% 4.5%

The foregoing nancial information should be read in conjunction with the audited nancial statements, including the related notes and other information contained in the companys most recent Securities and Exchange lings.

2011 Corporate Fact Book | 25

SUPPLEMENTAL OPERATING RESULTS


(Dollars in millions, except per share data)
2010 Net sales .................................................................................................................................... Operating income .................................................................................................................... Percent to sales ................................................................................................................... Add back impact of impairments, store closing costs and division consolidation costs............................................................................................... Operating income, excluding certain items ......................................................................... Percent to sales ................................................................................................................... Diluted earnings per share ...................................................................................................... Add back impact of impairments, store closing costs and division consolidation costs............................................................................................... Add back expenses associated with the early retirement of debt .............................. Diluted earnings per share, excluding certain items ........................................................... Net cash provided by operating activities ............................................................................ Net cash used by investing activities ..................................................................................... Cash ow from operating activities net of cash used by investing activities ................... $ $ $ 25,003 $ 1,894 7.6 % 25 $ 1,919 7.7 % 1.98 0.04 0.09 2.11 (465) $ 1,041 $ $ 1,506 $ 2009 $ 23,489 $ 1,063 4.5 % 391 $ 1,454 6.2 % 0.78 0.58 1.36 (377) $ 1,373 $ 1,750

The foregoing nancial information, including non-GAAP measures that exclude certain items, should be read in conjunction with the audited nancial statements, including the related notes and other information contained in the companys most recent Securities and Exchange lings.

26 | Macys, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS


(Dollars in millions)
January 29, 2011 January 30, 2010 ASSETS Current Assets: Cash and cash equivalents ............................................................. Receivables........................................................................................ Merchandise inventories ................................................................ Prepaid expenses and other current assets.................................. Total Current Assets ........................................................ Property and equipment net ...................................................... Goodwill............................................................................................. Other intangible assets net .......................................................... Other assets ...................................................................................... Total Assets ...................................................................... $ 1,464 392 4,758 285 6,899 8,813 3,743 637 539 $ 20,631 $ 1,686 358 4,615 223 6,882 9,507 3,743 678 490 $ 21,300

LIABILITIES & SHAREHOLDERS EQUITY Current Liabilities: Short-term debt ................................................................................ Merchandise accounts payable ...................................................... Accounts payable and accrued liabilities ...................................... Income taxes ..................................................................................... Deferred income taxes .................................................................... Total Current Liabilities .................................................... Long-term debt ................................................................................ Deferred income taxes ................................................................... Other liabilities .................................................................................. Shareholders equity ........................................................................ Total Liabilities & Shareholders Equity ........................... $ 454 1,421 2,644 182 364 5,065 6,971 1,245 1,820 5,530 $ 20,631 $ 242 1,312 2,626 68 214 4,462 8,456 1,132 2,597 4,653 $ 21,300

The foregoing nancial information should be read in conjunction with the audited nancial statements, including the related notes and other information contained in the companys most recent Securities and Exchange lings.

2011 Corporate Fact Book | 27

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS


(Dollars in millions)
2010 Cash ows from operating activities: Net income............................................................................................................................ Depreciation and amortization .......................................................................................... Impairments, store closing costs and division consolidation costs ............................... Decrease in working capital and other, net ...................................................................... Net cash provided by operating activities ..................................................... $ 847 1,150 25 (516) 1,506 $ 329 1,210 391 (180) 1,750 2009

Cash ows from investing activities: Capital expenditures for property and equipment and capitalized software ........................................................................ Disposition of property and equipment......................................................................... Other, net............................................................................................................................ Net cash used by investing activities .......................................................... (505) 74 (34) (465) (460) 60 23 (377)

Cash ows from nancing activities: Debt repaid ........................................................................................................................ Dividends paid ................................................................................................................... Acquisition of treasury stock ............................................................................................ Issuance of common stock ............................................................................................... Other, net............................................................................................................................ Net cash used by nancing activities .......................................................... (1,245) (84) (1) 43 24 (1,263) (966) (84) (1) 8 (29) (1,072)

Net increase (decrease) in cash and cash equivalents ....................................................... Cash and cash equivalents at beginning of period ............................................................ Cash and cash equivalents at end of period ....................................................................... $

(222) 1,686 1,464 $

301 1,385 1,686

The foregoing nancial information should be read in conjunction with the audited nancial statements, including the related notes and other information contained in the companys most recent Securities and Exchange lings.

28 | Macys, Inc.

FISCAL 2010 RESULTS OF OPERATIONS


Comparison of the 52 Weeks Ended January 29, 2011 and January 30, 2010.
Net sales include merchandise sales, leased department income, shipping and handling fees and sales to third party retailers. In 2010, the Company began including sales of private brand goods directly to third party retailers and sales of excess inventory to third parties in net sales. These items were previously reported, net of the related cost of sales, in selling, general and administrative (SG&A) expenses. This change in presentation had an immaterial impact on reported net sales, does not impact comparable store sales, net income or diluted earnings per share, and was not applied retroactively to annual periods prior to scal 2010. The Company changed its methodology for recording deferred state income taxes from a blended rate basis to a separate entity basis, and has reected the effects of such change to 2010 and all prior periods. Even though the Company considers the change to have had only an immaterial impact on its nancial condition, results of operations and cash ows for the periods presented, the nancial condition, results of operations and cash ows for the prior periods as previously reported have been adjusted to reect the change. Net income for 2010 was $847 million, compared to net income of $329 million for 2009, reecting the benets of the strategic initiatives at Macys and the continued strong performance at Bloomingdales. The net income for 2010 includes the impact of $25 million of impairments and store closing costs. The net income for 2009 included the impact of $391 million of impairments, store closing costs and division consolidation costs. Net Sales Net sales for 2010 totaled $25,003 million, compared to net sales of $23,489 million for 2009, an increase of $1,514 million or 6.4%. On a comparable store basis, net sales for 2010 were up 4.6% compared to 2009. Sales from the Companys Internet businesses in 2010 increased 28.7% compared to 2009 and positively affected the Companys 2010 comparable store sales by 0.9%. The Company has realized continued success in the My Macys localization strategy. Geographically, sales in 2010 were strongest in Florida and the upper Midwest. By family of business, sales in 2010 were strongest in updated womens apparel, particularly the Companys I.N.C. brand, jewelry and watches, mens apparel and accessories, luggage, furniture and mattresses. Sales of the Companys private label brands continued to be strong and represented approximately 20% of net sales in the Macys-branded stores in 2010. Sales in 2010 were less strong in traditional womens sportswear. The Company calculates comparable store sales as sales from stores in operation throughout 2009 and 2010 and all net Internet sales. Stores undergoing remodeling, expansion or relocation remain in the comparable store sales calculation unless the store is closed for a signicant period of time. Denitions and calculations of comparable store sales differ among companies in the retail industry. Cost of Sales Cost of sales was $14,824 million or 59.3% of net sales for 2010, compared to $13,973 million or 59.5% of net sales for 2009, an increase of $851 million. The improved cost of sales rate reects the benet of good inventory management throughout 2010. The valuation of merchandise inventories on the last-in, rst-out basis did not impact cost of sales in either period. Selling, General and Administrative Expenses SG&A expenses were $8,260 million or 33.0% of net sales for 2010, compared to $8,062 million or 34.3% of net sales for 2009, an increase of $198 million. The SG&A rate as a percent of net sales was lower in 2010, as compared to 2009, reecting an increase in net sales. SG&A expenses in 2010 increased due to higher selling costs as a result of stronger sales, higher workers compensation and general liability insurance costs, higher pension and supplementary retirement plan expense, and higher costs in support of the Companys omnichannel operations, partially offset by lower depreciation and amortization expense, lower stock-based compensation expense, higher income from credit operations and lower advertising expense. Workers compensation and general liability insurance costs were $148 million for 2010, compared to $124 million for 2009. Pension and supplementary retirement plan expense amounted to $144 million for 2010, compared to $110 million for 2009. Depreciation and amortization expense was $1,150 million for 2010, compared to $1,210 million for 2009. Stock-based compensation expense was $66 million for 2010, compared to $76 million for 2009. Income from credit operations was $332 million in 2010 as compared to $323 million in 2009. Advertising expense, net of cooperative advertising allowances, was $1,072 million for 2010 compared to $1,087 million for 2009. Impairments, Store Closing Costs and Division Consolidation Costs Impairments, store closing costs and division consolidation costs for 2010 amounted to $25 million and included $18 million of asset impairment charges and $7 million of other costs and expenses related to the store closings announced in January 2011. Impairments, store closing costs and division consolidation costs for 2009 amounted to $391 million and included $115 million of asset impairment charges, $6 million of other costs and expenses related to the store closings announced in January 2010, and $270 million of restructuring-related costs and expenses associated with the division consolidation and localization initiatives, primarily severance and other human resource-related costs. Net Interest Expense Net interest expense was $574 million for 2010, compared to $556 million for 2009, an increase of $18 million. The increase in net interest expense is primarily due to approximately $66 million of expenses associated with the early retirement of approximately $1,000 million of outstanding debt during 2010, partially offset by lower levels of borrowings due primarily to such early retirement of outstanding debt. Income Taxes The Companys effective tax rate of 35.8% for 2010 and 35.2% for 2009 differ from the federal income tax statutory rate of 35%, and on a comparative basis, principally because of the effect of state and local income taxes and the settlement of various tax issues and tax examinations. Federal, state and local income tax expense for 2009 included a benet of approximately $21 million related to the settlement of federal income tax examinations, primarily attributable to the disposition of former subsidiaries.

2011 Corporate Fact Book | 29

MACYS AND BLOOMINGDALES STORE LOCATIONS


30 | Macys, Inc.

MACYS STORE REGIONS

# Districts # Stores

69 806

# Districts 8 # Stores 79

Puerto Rico

2011 Corporate Fact Book | 31

MACYS MID-ATLANTIC REGION

# Districts # Stores

8 97

32 | Macys, Inc.

# Districts # Stores

8 96

MACYS MIDWEST REGION

2011 Corporate Fact Book | 33

MACYS NORTH REGION

# Districts # Stores

8 79

34 | Macys, Inc.

# Districts # Stores

10 95

MACYS NORTHEAST REGION

2011 Corporate Fact Book | 35

MACYS NORTHWEST REGION

# Districts # Stores

10 124

36 | Macys, Inc.

# Districts # Stores

8 106

MACYS SOUTH CENTRAL REGION

2011 Corporate Fact Book | 37

MACYS SOUTHEAST REGION

# Districts # Stores

9 101

38 | Macys, Inc.

# Districts # Stores

8 108

MACYS SOUTHWEST REGION

2011 Corporate Fact Book | 39

MACYS STORE LOCATIONS


METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s) METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s)

ALABAMA SOUTHEAST REGION


Birmingham Birmingham Brookwood Village Riverchase Galleria Birmingham Hoover 1974 1986 244 226

CALIFORNIA NORTHWEST REGION continued


San Francisco-Oakland San Francisco-Oakland San Francisco-Oakland Stoneridge Shopping Center F/H/K/M Stonestown Galleria Sunvalley Shopping Center Sunvalley Shopping Center H/M Union City Furniture Clearance Union Square Union Square H/M Village at Corte Madera Cupertino Square Mall Stanford Shopping Center Stanford Shopping Center M Sunnyvale Town Center Valley Fair Valley Fair F/H/M Eastridge Oakridge Capitola Mall Coddingtown Mall Santa Rosa Mall Sherwood Mall West Valley Mall Visalia Mall Pleasanton San Francisco Concord Concord Union City San Francisco San Francisco Corte Madera Cupertino Palo Alto Palo Alto Sunnyvale Santa Clara Santa Clara San Jos San Jos Capitola Santa Rosa Santa Rosa Stockton Tracy Visalia 1980 1952 1967 1981 1997 1866 1866 1985 1997 1961 1961 1979 1956 1957 1971 1978 2002 1966 1981 1966 2010 2009 174 280 206 183 63 925 248 117 177 223 96 178 396 316 187 236 102 203 187 168 101 152

ARIZONA SOUTH CENTRAL REGION


Phoenix Phoenix Phoenix Phoenix Phoenix Phoenix Phoenix Phoenix Phoenix Tucson Tucson Arrowhead Towne Center Biltmore Fashion Park Chandler Fashion Center Fiesta Mall Metro Center Paradise Valley Mall Santan Village Scottsdale Fashion Square Superstition Springs Center Park Place Tucson Mall Glendale Phoenix Chandler Mesa Phoenix Phoenix Gilbert Scottsdale Mesa Tucson Tucson 1993 1968 2001 1979 1973 1980 2009 2002 1994 1974 1991 200 213 201 159 107 153 122 251 155 153 146

San Francisco-Oakland San Francisco-Oakland San Francisco-Oakland San Francisco-Oakland San Francisco-Oakland San Jos San Jos San Jos San Jos San Jos San Jos San Jos San Jos Santa Cruz

CALIFORNIA NORTHWEST REGION


Faireld Fresno Fresno Fresno Fresno Modesto Modesto Redding Sacramento Sacramento Sacramento Sacramento Sacramento Sacramento Sacramento Sacramento Salinas Salinas Salinas San Francisco-Oakland San Francisco-Oakland San Francisco-Oakland San Francisco-Oakland San Francisco-Oakland San Francisco-Oakland San Francisco-Oakland San Francisco-Oakland San Francisco-Oakland San Francisco-Oakland San Francisco-Oakland San Francisco-Oakland San Francisco-Oakland San Francisco-Oakland Solano Fashion Fair Fashion Fair K/M Fresno Furniture Shops at River Park Vintage Faire Vintage Faire H/M Mt. Shasta Mall Arden Fair Country Club Plaza Downtown Plaza Downtown Plaza F/M Galleria at Roseville Roseville Furniture Sunrise Mall Sunrise Mall F/M Del Monte Center Monterey Furniture Northridge Mall Bay Fair Broadway Plaza Broadway Plaza M County East Mall Hillsdale Furniture Hillsdale Shopping Center Hilltop Mall at Northgate NewPark Mall Novato Furniture Pleasanton Furniture Serramonte Southland Mall Stoneridge Shopping Center Faireld Fresno Fresno Fresno Fresno Modesto Modesto Redding Sacramento Sacramento Sacramento Sacramento Roseville Roseville Citrus Heights Citrus Heights Monterey Monterey Salinas San Leandro Walnut Creek Walnut Creek Antioch San Mateo San Mateo Richmond San Rafael Newark Novato Pleasanton Daly City Hayward Pleasanton 1985 1983 1970 2000 2009 1981 1977 2001 1961 1961 1963 1979 2000 2001 1972 1972 1967 1997 1972 1957 1954 1995 2004 1987 1954 1976 1964 1980 1992 1994 1968 1983 1980 165 187 76 73 107 146 87 110 204 165 343 201 224 50 178 160 237 39 177 213 188 72 107 35 252 201 266 196 50 48 233 179 197

Santa Rosa Santa Rosa Stockton Stockton Visalia-Porterville

SOUTHWEST REGION
Bakerseld El Centro Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Valley Plaza Imperial Valley Mall Antelope Valley Mall Baldwin Hills Crenshaw Plaza Beverly Center Beverly Center M Brea Mall Brea Mall F/H/K/M Broadway Plaza Burbank Town Center Century City Del Amo Fashion Center Del Amo Fashion Center H/K/M Del Amo Fashion Center Home Eagle Rock Plaza Fashion Island Fashion Square Fox Hills Glendale Galleria Irvine Spectrum Laguna Hills Lakewood Center Laurel Plaza Los Cerritos Center MainPlace MainPlace F/M Bakerseld El Centro Palmdale Los Angeles Los Angeles Los Angeles Brea Brea Los Angeles Burbank Los Angeles Torrance Torrance Torrance Los Angeles Sherman Oaks Culver City Glendale Irvine Laguna Hills Lakewood Cerritos Santa Ana Santa Ana 1967 2005 2010 1947 1982 1982 1996 2007 1973 1992 1976 1966 1981 1966 1973 1962 1975 1996 2002 1975 1952 1971 1958 2006 150 140 110 257 158 67 185 198 266 278 136 289 177 165 150 226 312 189 191 140 157 348 475 175 334 155

Newport Beach 1967

North Hollywood 1995

40 | Macys, Inc.

Includes: F = Furniture H = Home K = Kids M = Mens

MACYS STORE LOCATIONS


CONTINUED
GROSS YEAR SQ. FT. OPENED (IN 000s) METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s) METROPOLITAN AREA MALL/LOCATION CITY

CALIFORNIA SOUTHWEST REGION continued


Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Manhattan Beach Manhattan Beach H/M Mission Viejo Mall Mission Viejo Mall H Montebello Town Center Montebello Town Center Home Northridge Fashion Center Northridge Fashion Center F/H/M Pasadena Paseo Colorado Promenade Promenade Furniture Puente Hills Mall Santa Anita South Bay Galleria South Coast Plaza South Coast Plaza M South Coast Plaza Home Stonewood Center Stonewood Center Home Topanga Valencia Town Center West Covina Westminster Mall Westside Pavilion Westside Pavilion Furniture Manhattan Beach 1982 Manhattan Beach 1982 Mission Viejo Mission Viejo Montebello Montebello Northridge Northridge Pasadena Pasadena Woodland Hills Woodland Hills City of Industry Arcadia Redondo Beach Costa Mesa Costa Mesa Costa Mesa Downey Downey Canoga Park Santa Clarita West Covina Westminster Los Angeles Los Angeles Riverside San Bernardino Montclair Moreno Valley Palm Desert Palm Desert Temecula Temecula 1980 1979 2001 2007 1995 2007 1947 1980 1993 1993 1974 1974 1959 1973 1973 1996 1990 1990 1994 1992 1993 1974 1965 2004 1973 1998 1968 1992 1982 1983 1999 2008 111 66 197 237 144 89 207 130 301 158 192 81 152 188 361 276 79 209 154 34 243 201 182 215 243 51 165 181 171 197 202 48 165 208 175 182 181 204 151 139 385 185 151 140 120 156 156 118 155 150

CALIFORNIA SOUTHWEST REGION continued


Santa Barbara Santa Barbara Ventura County Ventura County Ventura County Ventura County Ventura County Paseo Nuevo Santa Maria Town Center Pacic View Simi Valley Town Center Simi Valley Town Center F/H/M The Oaks The Oaks H/K/M Santa Barbara Santa Maria Ventura Simi Valley Simi Valley 1990 1990 1963 2005 2006 141 131 181 107 140 137 149

Thousand Oaks 1983 Thousand Oaks 1983

COLORADO SOUTH CENTRAL REGION


Boulder Colorado Springs Denver Denver Denver Denver Denver Denver Denver Denver Denver Denver Fort Collins Fort Collins Twenty Ninth Street Mall Chapel Hills Mall Cherry Creek Furniture Cherry Creek Shopping Center Flat Iron Crossing Northeld Stapleton Park Meadows Southwest Plaza Streets at SouthGlenn Streets at SouthGlenn Furniture The Orchard Town Center at Aurora Foothills Fashion Mall Promenade Shops at Centerra Boulder Denver Denver Broomeld Denver Lone Tree Littleton Centennial Centennial Westminster Aurora Ft. Collins Loveland 1983 1990 1990 2000 2006 1997 1982 1974 2008 2008 1975 1974 2005 153 174 21 189 205 140 217 141 160 20 140 167 129 150 Colorado Springs 1998

CONNECTICUT NORTHEAST REGION


Faireld County Faireld County Faireld County Hartford Hartford Hartford Hartford Hartford Hartford New Haven New Haven New Haven Norwich Danbury Fair Stamford Town Center Trumbull Eneld Square Eneld Square F/H/M Shoppes at Buckland Hills Shoppes at Buckland Hills F/K/M Westfarms Westfarms F/M Brass Mill Center Connecticut Post Meriden Crystal Mall Danbury Stamford Trumbull Eneld Eneld Manchester Manchester Farmington Farmington Waterbury Milford Meriden Waterford 1987 1982 1978 1971 1971 1990 2004 1993 1993 1997 1991 1971 1984 241 255 201 166 76 151 106 213 80 166 225 179 120

Riverside-San Bernardino Galleria at Tyler Riverside-San Bernardino Inland Center Riverside-San Bernardino Montclair Plaza Riverside-San Bernardino Moreno Valley Mall Riverside-San Bernardino Palm Desert Riverside-San Bernardino Palm Desert Furniture Riverside-San Bernardino Promenade in Temecula Riverside-San Bernardino Promenade in Temecula F/H/K/M Riverside-San Bernardino Victoria Gardens Riverside-San Bernardino Victoria Gardens F/H/K/M San Diego San Diego San Diego San Diego San Diego San Diego San Diego San Diego San Diego San Diego San Diego San Diego San Diego Santa Barbara Chula Vista Center Fashion Valley Grossmont Shopping Center Horton Plaza Mission Valley Mission Valley Home North County Fair Otay Ranch Town Center Parkway Plaza Bonita Plaza Camino Real Plaza Camino Real F/H/M University Town Center La Cumbre Plaza

Rancho Cucamonga 2004 Rancho Cucamonga 2008 Chula Vista San Diego La Mesa San Diego San Diego San Diego Escondido Chula Vista El Cajon San Diego Carlsbad Carlsbad San Diego Santa Barbara 1962 1969 1961 1985 1961 1975 1986 2006 1972 1981 1979 1980 1977 1967

Includes: F = Furniture H = Home K = Kids M = Mens

2011 Corporate Fact Book | 41

MACYS STORE LOCATIONS


CONTINUED
METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s) METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s)

DELAWARE MID-ATLANTIC REGION


Dover Philadelphia Philadelphia Philadelphia Dover Mall Christiana Mall Concord Mall Concord Mall Home Dover Newark Wilmington Wilmington 1997 1979 1983 1983 140 217 153 56

FLORIDA SOUTHEAST REGION continued


Sarasota Sarasota Stuart Tallahassee Tampa Tampa Daytona Beach Ft. Myers Ft. Myers Gainesville Lakeland Winter Haven Melbourne Merritt Island Aventura Aventura Boca Raton Boynton Beach Plantation West Palm Beach Coral Springs Coral Springs Miami Miami Ft. Lauderdale Ft. Lauderdale Miami Miami Beach Miami Miami Pembroke Pines Pembroke Pines Pembroke Pines Pompano Beach Miami Miami Boca Raton Wellington Hialeah Naples Ocala Altamonte Springs Altamonte Springs Orlando Orlando Orlando Oviedo Sanford Port Charlotte Bradenton 1982 1965 1979 1984 1995 1977 1983 1970 1999 1983 1999 1985 1978 2000 1984 1985 1962 1992 2002 2006 1898 1953 1982 1982 1997 1992 2006 1969 1979 1981 2006 1979 2001 1967 1977 1980 2000 1975 1999 2002 1973 2000 1995 1994 1973 164 129 168 104 101 75 104 173 238 275 50 227 205 108 111 142 420 210 45 218 485 96 205 145 51 181 83 151 70 145 254 341 311 199 209 144 85 50 152 202 276 206 195 161 85 132 Tampa Tampa Tampa Tampa Tampa Tampa Tampa Tampa Vero Beach Sarasota Square Southgate Treasure Coast Square Governors Square Brandon Town Center Citrus Park Countryside Furniture Countryside Mall Gandy Furniture Gulf View Square Shops at Wiregrass Tyrone Square University Square WestShore Plaza Indian River Mall Sarasota Sarasota Jensen Beach Tallahassee Brandon Tampa Clearwater Clearwater Tampa Port Richey Pasco County St. Petersburg Tampa Tampa Vero Beach 1977 1976 1987 1979 1995 1999 2000 1975 1954 1981 2008 1972 1974 1966 1996 143 152 140 169 142 162 50 213 61 84 139 162 140 236 104

FLORIDA SOUTHEAST REGION


Daytona Beach Ft. Myers Ft. Myers Gainesville Lakeland Lakeland Melbourne Melbourne Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Naples Ocala Orlando Orlando Orlando Orlando Orlando Orlando Orlando Punta Gorda Sarasota Volusia Mall Edison Mall Edison Mall F/H/K/M Oaks Mall Lakeland Square Winter Haven Melbourne Square Merritt Square Aventura Mall F/H/M Aventura Mall Boca Raton Furniture Boynton Beach Mall Broward Mall CityPlace Coral Square Coral Square H/K/M Dadeland Dadeland F/H/K Ft. Lauderdale Furniture Galleria Miami (Downtown) Miami Beach Miami International Mall Miami International Mall H/M Pembroke Furniture Pembroke Lakes Mall Pembroke Lakes Mall H/M Pompano Beach Southland Mall The Falls The Gardens Mall Town Center at Boca Raton Wellington Green Westland Mall Coastland Center Paddock Mall Altamonte Furniture Altamonte Mall Florida Mall Mall at Millenia Orlando Fashion Square Oviedo Marketplace Seminole Towne Center Port Charlotte Town Center DeSoto Square

GEORGIA SOUTHEAST REGION


Athens Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Augusta Columbus Macon Savannah Georgia Square Arbor Place Cumberland Mall Gallery at South DeKalb Greenbriar Mall Gwinnett Furniture Gwinnett Place Lenox Square Mall at Stonecrest Mall of Georgia North DeKalb North Point Mall Northlake Mall Northpoint Furniture Perimeter Furniture Perimeter Mall Southlake Mall Town Center at Cobb Town Center at Cobb F/M Augusta Mall Peachtree Mall Macon Mall Oglethorpe Mall Athens Douglasville Atlanta Decatur Atlanta Duluth Duluth Atlanta Lithonia Buford Decatur Alpharetta Atlanta Alpharetta Atlanta Atlanta Morrow Kennesaw Kennesaw Augusta Columbus Macon Savannah 1981 2004 1973 1969 1965 1998 1984 1959 2001 2000 1965 1993 1971 2000 1986 1971 1976 1986 2003 1978 2002 1975 1992 121 141 279 188 200 51 245 433 160 245 190 250 192 71 87 280 233 255 243 166 139 158 143

South Dade Furniture Clearance Miami

Palm Beach Gardens 1988

HAWAII SOUTHWEST REGION


Honolulu Honolulu Honolulu Honolulu Honolulu Honolulu Honolulu Honolulu Honolulu Island of Hawaii Ala Moana Ala Moana Jewel Gallery Honolulu (Downtown) Kahala Kahala M Kailua Pearlridge Waikiki Windward Kings Shops Honolulu Honolulu Honolulu Honolulu Honolulu Kailua Aiae Honolulu Kaneohe Waikoloa 1966 1986 1850 1958 1958 1946 1971 1937 1982 1992 325 2 80 91 15 59 166 37 87 10

42 | Macys, Inc.

Includes: F = Furniture H = Home K = Kids M = Mens

MACYS STORE LOCATIONS


CONTINUED
GROSS YEAR SQ. FT. OPENED (IN 000s) METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s) METROPOLITAN AREA MALL/LOCATION CITY

HAWAII SOUTHWEST REGION continued


Island of Hawaii Island of Hawaii Island of Hawaii Kauai Kauai Maui Maui Maui Makalapua Prince Kuhio Plaza Prince Kuhio Plaza H/K/M Kukui Grove Kukui Grove H/M Hyatt Regency Queen Kaahumanu Center Queen Kaahumanu Center H/K/M Kailua-Kona Hilo Hilo Lihue Lihue Kaanapali Kahulu Kahulu 1997 1985 2003 1992 2003 1983 1972 2003 52 50 62 50 25 7 80 86

INDIANA MIDWEST REGION


Bloomington Fort Wayne Indianapolis Indianapolis Indianapolis Lafayette Muncie South Bend Terre Haute College Mall Glenbrook Square Castleton Square Glendale Mall Greenwood Park Mall Tippecanoe Mall Muncie Mall University Park Mall Honey Creek Mall Bloomington Fort Wayne Indianapolis Indianapolis Greenwood Lafayette Muncie Mishawaka Terre Haute 1982 1966 1973 1958 1980 1994 1996 1979 1998 90 251 310 235 160 140 120 169 177

IDAHO NORTHWEST REGION


Boise Boise Coeur dAlene Idaho Falls Lewiston Moscow Twin Falls Boise Town Square Nampa Gateway Center Silver Lake Mall Grand Teton Mall Lewiston Center Palouse Mall Magic Valley Mall Boise Nampa Coeur dAlene Idaho Falls Lewiston Moscow Twin Falls 1988 1905 2002 1984 1978 1979 1987 180 104 52 60 49 41 61

NORTH REGION
Chicago Evansville Southlake Eastland Mall Merrillville Evansville 1978 1982 165 171

KANSAS SOUTH CENTRAL REGION


Kansas City Kansas City Kansas City Metcalf South Shopping Center Oak Park Furniture Oak Park Mall Prairie Village Town Center Plaza West Ridge Mall Overland Park Overland Park Overland Park Prairie Village Leawood Topeka 1967 2002 2002 1958 2004 1988 216 25 165 133 124 193

ILLINOIS NORTH REGION


Bloomington Carbondale Champaign Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Chicago Peoria Rockford Springeld St. Louis St. Louis Eastland Mall University Mall Market Place Shopping Center Fox Valley Hawthorn Center Louis Joliet Northbrook Court Oak Brook Furniture Oakbrook Center Old Orchard Orland Square River Oaks Center Spring Hill Mall State Street Stratford Square Mall The Promenade Bolingbrook Water Tower Place Westridge Court Furniture Clearance Woodeld Furniture Woodeld Mall Northwoods Mall CherryVale Mall White Oaks Mall Alton Square Mall St. Clair Square Bloomington Carbondale Champaign Aurora Vernon Hills Joliet Northbrook Oak Brook Oak Brook Skokie Orland Park Calumet City West Dundee Chicago Bloomingdale Bolingbrook Chicago Naperville Schaumburg Schaumburg Peoria Rockford Springeld Alton 1999 1991 1999 1975 1973 1978 1995 1996 1962 1956 1976 1966 1980 1981 2007 1975 2007 1996 1971 1985 1973 1977 1978 154 109 191 253 240 126 286 106 378 461 198 253 123 149 207 323 50 106 316 165 154 161 180 248

Kansas City Kansas City Topeka

KENTUCKY MIDWEST REGION


Bowling Green Cincinnati Cincinnati Lexington Louisville Louisville Greenwood Mall Florence Mall Florence Mall Home Fayette Mall Jefferson Mall Oxmoor Center Bowling Green Florence Florence Lexington Louisville Louisville 1980 1977 1994 1971 1979 1970 124 147 112 279 157 278

1868 2,048

NORTH REGION
Owensboro Towne Square Mall Owensboro 1998 102

LOUISIANA SOUTH CENTRAL REGION


Baton Rouge Baton Rouge Lafayette New Orleans New Orleans Cortana Mall of Louisiana Acadiana Mall Esplanade Lakeside Baton Rouge Baton Rouge Lafayette Kenner New Orleans 1976 1997 1979 2008 2008 243 220 186 188 229

MAINE NORTHEAST REGION


Bangor Portland Bangor Mall Maine Mall Bangor South Portland 1998 1969 143 194

Fairview Heights 1973

Includes: F = Furniture H = Home K = Kids M = Mens

2011 Corporate Fact Book | 43

MACYS STORE LOCATIONS


CONTINUED
METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s) METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s)

MARYLAND MID-ATLANTIC REGION


Baltimore Baltimore Baltimore Baltimore Baltimore Baltimore Baltimore Baltimore Baltimore Baltimore Hagerstown Salisbury Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. Annapolis Mall Harford Mall Harford Mall Furniture Mall in Columbia Marley Station Owings Mills Mall Security Square Towson Town Center White Marsh Home White Marsh Mall Valley Mall Centre at Salisbury Bowie Town Center Francis Scott Key Mall Lakeforest Mall Laurel Mall Mall at Prince Georges Marlow Heights Shopping Center Montgomery Montgomery Home St. Charles Towne Center St. Charles Towne Home Wheaton Annapolis Bel Air Bel Air Columbia Glen Burnie Owings Mills Baltimore Towson Baltimore Baltimore Hagerstown Salisbury Bowie Frederick Gaithersburg Laurel Hyattsville Bethesda Bethesda Waldorf Waldorf Wheaton 1979 1981 1981 1975 1987 1986 1979 1982 2006 1991 1999 1991 2001 1993 1978 1981 1958 1968 1968 1990 1990 2005 202 141 25 228 164 164 155 204 59 165 120 138 160 141 170 123 177 160 213 76 179 54 174

MASSACHUSETTS NORTHEAST REGION continued


Worcester Worcester Worcester Auburn Mall Mall at Whitney Field Solomon Pond Mall Auburn Leominster Marlborough 1997 2002 1996 167 140 200

MICHIGAN NORTH REGION


Ann Arbor Battle Creek Detroit Detroit Detroit Detroit Detroit Detroit Detroit Detroit Detroit Detroit Detroit Flint Grand Rapids Grand Rapids Kalamazoo Lansing Lansing Saginaw Briarwood Mall Lakeview Square Mall Birchwood Mall Eastland Center Fairlane Town Center Lakeside Mall Lakeside Mall H/M Northland Center Oakland Mall Somerset Collection Southland Twelve Oaks Westland Shopping Center Genesee Valley Center RiverTown Crossings Woodland Shopping Center The Crossroads Lansing Mall Meridian Mall Fashion Square Grand Traverse Mall Ann Arbor Battle Creek Ft. Gratiot Harper Woods Dearborn 1974 1983 1997 1957 1976 189 102 103 433 241 207 119 504 442 316 283 300 334 266 171 162 122 103 154 123 103

Sterling Heights 1978 Sterling Heights 1978 Southeld Troy Troy Taylor Novi Westland Flint Grandville Grand Rapids Portage Lansing Okemos Saginaw Traverse City 1954 1968 1996 1970 1977 1965 1970 1999 1975 1980 1979 1982 1976 1992

Marlow Heights 1960

MASSACHUSETTS NORTHEAST REGION


Boston Boston Boston Boston Boston Boston Boston Boston Boston Boston Boston Boston Boston Boston Boston Cape Cod Cape Cod Pittseld Providence Providence Providence Providence Providence Springeld Springeld Worcester Belmont Boston (Downtown) Burlington Mall Cambridgeside Galleria Cambridgeside Galleria H/K Framingham Furniture Hanover Furniture Hanover Mall Independence Mall Natick Collection Northshore Mall Northshore Mall F/M South Shore Plaza Square One Mall Westgate Mall Cape Cod Mall Cape Cod Mall F/H/K/M Berkshire Mall Dartmouth Mall Emerald Square Emerald Square F/H/M Silver City Galleria Swansea Mall Easteld Mall Holyoke Mall at Ingleside Auburn Home Belmont Boston Burlington Cambridge Cambridge Framingham Hanover Hanover Kingston Natick Peabody Peabody Braintree Saugus Brockton Hyannis Hyannis Lanesborough Dartmouth 1978 2007 1968 1990 1990 1994 1972 1972 1989 1965 1993 2007 1961 1994 2003 1978 2007 1994 2004 75 385 255 91 40 41 13 110 149 210 216 115 255 179 144 81 119 111 141 185 120 152 102 127 202 88

Traverse City

MINNESOTA NORTH REGION


Minneapolis-St. Paul Minneapolis-St. Paul Minneapolis-St. Paul Minneapolis-St. Paul Minneapolis-St. Paul Minneapolis-St. Paul Minneapolis-St. Paul Minneapolis-St. Paul Minneapolis-St. Paul Minneapolis-St. Paul Minneapolis-St. Paul Rochester St. Cloud Burnsville Center Mall of America Maplewood Mall Minneapolis (Downtown) Ridgedale Ridgedale H/M Rosedale Center Rosedale Furniture Southdale Center Southdale Furniture St. Paul (Downtown) Apache Mall Crossroads Center Burnsville Bloomington Maplewood Minneapolis Minnetonka Minnetonka Roseville Roseville Edina Edina St. Paul Rochester St. Cloud 1977 1992 1996 1974 1974 1969 1976 1956 1978 1963 1972 1976 224 320 230 202 129 270 53 426 93 362 163 101

1902 1,276

MISSOURI NORTH REGION


Cape Girardeau St. Louis St. Louis St. Louis St. Louis St. Louis St. Louis St. Louis West Park Mall Chestereld Mall Jamestown Mall Mid Rivers Mall South County Mall St. Louis (Downtown) St. Louis Galleria West County Mall Cape Girardeau 1981 Chestereld Florissant St. Peters St. Louis St. Louis St. Louis Des Peres 1995 1994 1981 1963 1924 1991 2001 108 269 200 211 205 675 277 275

North Attleboro 1989 North Attleboro 1989 Taunton Swansea Springeld Holyoke Auburn 1992 1988 1994 1995 1997

44 | Macys, Inc.

Includes: F = Furniture H = Home K = Kids M = Mens

MACYS STORE LOCATIONS


CONTINUED
GROSS YEAR SQ. FT. OPENED (IN 000s) METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s) METROPOLITAN AREA MALL/LOCATION CITY

MISSOURI continued SOUTH CENTRAL REGION


Columbia Joplin Joplin Kansas City Kansas City Kansas City Springeld The Shoppes at Stadium Northpark Mall Northpark Mall H/M Independence Center Lees Summit Metro North Mall Battleeld Mall Columbia Joplin Joplin Independence Kansas City Kansas City Springeld 2003 1987 1994 1986 2009 1976 1982 140 85 55 198 122 222 135

NEW JERSEY MID-ATLANTIC REGION continued


New York New York New York New York New York New York Philadelphia Philadelphia Philadelphia Bozeman Helena 1980 2001 51 65 Philadelphia Philadelphia Trenton Rte. 22 Furniture Rte. 35 Furniture Rte. 46 Furniture Short Hills Willowbrook Woodbridge Center Cherry Hill Furniture Cherry Hill Mall Deptford Mall Moorestown Mall Voorhees Town Center Quaker Bridge Mall Springeld Eatontown Wayne Short Hills Wayne Woodbridge Maple Shade Cherry Hill Deptford Moorestown Voorhees Lawrenceville 1962 1980 1972 1981 1967 1971 2001 1962 1975 1999 1970 1976 40 37 63 279 380 278 61 334 208 200 224 215

MONTANA NORTHWEST REGION


Bozeman Helena Gallatin Valley Mall Northside Center

NEVADA NORTHWEST REGION


Reno Reno Reno Meadowood Mall Meadowood Mall H/M Reno Furniture Reno Reno Reno 1978 1979 1994 167 102 52

NORTHEAST REGION
New York New York New York Garden State Plaza Paramus Furniture Paramus Park Paramus Paramus Paramus 1957 2000 1974 485 77 303

SOUTHWEST REGION
Las Vegas Las Vegas Las Vegas Las Vegas Las Vegas Boulevard Fashion Show Galleria at Sunset Las Vegas Home Meadows Mall Las Vegas Las Vegas Henderson Las Vegas Las Vegas 1966 1981 1996 1994 1978 178 201 229 111 165

NEW MEXICO SOUTH CENTRAL REGION


Albuquerque Albuquerque Coronado Center Cottonwood Mall Albuquerque Albuquerque 1976 1996 157 173

NEW YORK NORTHEAST REGION


Albany Colonie Center Crossgates Mall Rotterdam Square Hudson Valley Mall Broadway Mall Brooklyn Carle Place Furniture Carle Place Furniture Clearance Commack Shopping Center Cross County Shopping Center Douglaston Flushing Green Acres Mall Green Acres Mall F/M Hampton Bays Herald Square Jefferson Valley Mall Kings Plaza Shopping Center Manhasset Nanuet Mall Palisades Center Parkchester Queens Center Queens Furniture Roosevelt Field Smith Haven Albany Albany Schenectady Kingston Hicksville Brooklyn Carle Place Carle Place Commack Yonkers Douglaston Flushing Valley Stream Valley Stream Hampton Bays New York Brooklyn Manhasset Nanuet West Nyack Bronx Elmhurst Elmhurst Garden City Lake Grove 1990 1985 1995 1995 1956 1971 1971 1981 1987 1981 1951 1986 2004 1981 341 202 120 121 309 86 51 208 355 158 277 274 116 50 121 339 331 227 204 171 373 64 461 326 Albany

NEW HAMPSHIRE NORTHEAST REGION


Boston Boston Boston Manchester Manchester Manchester Fox Run Mall H/K/M Fox Run Mall Mall at Rockingham Park Bedford Mall of New Hampshire Pheasant Lane Mall Newington Newington Salem Bedford Manchester Nashua 1983 1983 1991 1966 1996 1993 78 60 166 180 166 150

Albany Kingston New York New York New York New York New York New York New York

1865 1,012

NEW JERSEY MID-ATLANTIC REGION


Atlantic City New York New York New York New York New York New York New York New York New York New York New York New York New York New York Hamilton Mall Bridgewater Commons Brunswick Square Essex Green Shopping Center Freehold Raceway Mall Ledgewood Mall Livingston Mall Menlo Park Mall Middlesex Mall Monmouth Mall Newport Centre Ocean County Mall Preakness Shopping Center Rockaway Townsquare Rte. 1 Furniture Mays Landing Bridgewater West Orange Freehold Ledgewood Livingston Edison Eatontown Jersey City Toms River Wayne Rockaway 1987 1988 1975 1998 1994 1971 1959 1960 2002 1977 1963 1977 259 259 244 93 244 73 266 351 81 290 230 170 81 262 38

New York New York New York New York New York New York New York New York New York New York New York New York New York New York New York

East Brunswick 1970

1902 2,169 1970 1965 1969 1998 1941 1995 2001 1956 1969

Yorktown Heights 1987

South Plaineld 1976

North Brunswick 1995

Includes: F = Furniture H = Home K = Kids M = Mens

2011 Corporate Fact Book | 45

MACYS STORE LOCATIONS


CONTINUED
METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s) METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s)

NEW YORK NORTHEAST REGION continued


New York New York New York New York New York New York New York Poughkeepsie Poughkeepsie Syracuse Syracuse Syracuse Utica Smith Haven Furniture Southshore Staten Island Furniture Staten Island Mall Sunrise Mall Walt Whitman Mall White Plains Galleria Galleria at Crystal Run Poughkeepsie Galleria Carousel Center Great Northern Mall ShoppingTown Mall Sangertown Square Lake Grove Bay Shore Staten Island Staten Island Massapequa White Plains Middletown Poughkeepsie Syracuse Clay DeWitt New Hartford 2007 1963 2003 1965 1973 1980 1992 1987 1990 1989 1993 1995 51 318 51 272 213 308 315 181 165 165 88 120 140

NORTH CAROLINA SOUTHEAST REGION


Charlotte Charlotte Charlotte Durham Durham Fayetteville Greensboro Greensboro Raleigh Raleigh Raleigh Winston-Salem Carolina Place Northlake Mall SouthPark Mall Northgate Mall Streets at Southpoint Cross Creek Mall Friendly Center Wendover Cary Towne Center Crabtree Valley Mall Triangle Town Center Hanes Mall Pineville Charlotte Charlotte Durham Durham Fayetteville Greensboro Greensboro Cary Raleigh Raleigh Winston-Salem 1993 2005 1988 1994 2001 1975 1958 2002 1991 1995 2002 1990 151 165 201 187 180 133 147 141 107 175 180 155

Huntington Station 1962

NORTH DAKOTA NORTH REGION


Fargo West Acres Columbia Mall Fargo Grand Forks 1973 1978 118 99 Grand Forks

MIDWEST REGION
Binghamton Buffalo Buffalo Buffalo Buffalo Buffalo Buffalo Elmira Rochester Rochester Rochester Rochester Rochester Oakdale Mall Boulevard Mall Boulevard Mall M Eastern Hills Mall McKinley Mall McKinley Mall Home Walden Galleria Arnot Mall Eastview Mall at Greece Ridge Mall at Greece Ridge Home Medley Centre The Marketplace Johnson City Amherst Amherst Williamsville Buffalo Buffalo Cheektowanga Horsehead Victor Greece Greece Rochester Rochester 2000 1983 1983 1971 1989 1989 1988 1995 1971 1995 1995 1990 1982 140 181 41 127 88 31 190 120 175 122 42 129 149

OHIO MIDWEST REGION


Akron Akron Akron Canton Cincinnati Cincinnati Cincinnati Cincinnati Cincinnati Cincinnati Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Cleveland Columbus Columbus Columbus Columbus Columbus Columbus Columbus Columbus Dayton Dayton Lima Manseld Sandusky Springeld Steubenville Chapel Hill Shopping Center Stow-Kent Plaza Summit Mall Belden Village Anderson Towne Center Fountain Place Kenwood Furniture Kenwood Towne Centre Northgate Mall Tri-County Mall Great Lakes Mall Great Northern Midway Mall Parmatown Richmond Town Square SouthPark University Square Eastland Furniture Clearance Eastland Mall Easton Town Center Kingsdale Shopping Center Mall at Tuttle Crossing Mall at Tuttle Crossing F Polaris Fashion Place Tuttle Furniture Dayton Mall Faireld Commons Lima Mall Richland Mall Sandusky Mall Upper Valley Mall Fort Steuben Mall Akron Stow Akron Canton Cincinnati Cincinnati Cincinnati Cincinnati Cincinnati Cincinnati Mentor North Olmsted Elyria Parma Strongsville University Heights Columbus Columbus Columbus Columbus Dublin Dublin Columbus Dublin Dayton Dayton Lima Manseld Sandusky Springeld Steubenville 1967 1965 1965 1971 1969 1997 1989 1988 1993 1960 1964 1965 1990 1960 1996 2002 1972 2006 2001 1970 1997 2003 2001 1996 1969 1994 1971 1969 1979 1971 1974 169 82 195 133 162 186 71 269 191 235 190 231 105 288 165 186 165 72 121 245 108 225 227 180 41 263 152 195 140 133 156 132

Richmond Heights 1998

46 | Macys, Inc. nc.

Includes: F = Furniture H = Home K = Kids M = Mens

MACYS STORE LOCATIONS


CONTINUED
GROSS YEAR SQ. FT. OPENED (IN 000s) METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s) METROPOLITAN AREA MALL/LOCATION CITY

OHIO MIDWEST REGION continued


Wheeling Youngstown Youngstown Ohio Valley Mall Eastwood Mall Southern Park Mall St. Clairsville Niles Youngstown 1979 1969 1970 101 157 189

PENNSYLVANIA MIDWEST REGION


Altoona Erie Pittsburgh Pittsburgh Pittsburgh Logan Valley Mall Millcreek Mall Beaver Valley Mall Century III Mall Galleria at Pittsburgh Mills Monroeville Mall Pittsburgh (Downtown) Ross Park Furniture Ross Park Mall South Hills Village South Hills Village Furniture The Mall at Robinson The Waterfront Washington Crown Center Westmoreland Furniture Westmoreland Mall Viewmont Mall Wyoming Valley Mall Wyoming Valley Mall H/M Nittany Mall Lycoming Mall Shenango Valley Mall Altoona Erie Monaca West Mifin Tarentum Monroeville Pittsburgh Pittsburgh Pittsburgh Bethel Park Bethel Park Pittsburgh Homestead Washington Greensburg Greensburg Scranton Wilkes-Barre Wilkes-Barre State College Muncy Hermitage 1995 1975 1987 1979 2005 1969 1997 1986 1965 1993 1998 2003 1999 1976 1976 1995 1995 1995 1999 1995 1976 150 163 203 173 173 263 48 229 260 21 205 142 148 24 168 140 96 51 98 120 106

NORTH REGION
Toledo Franklin Park Toledo 1971 187

Pittsburgh Pittsburgh Pittsburgh

1946 1,158

OKLAHOMA SOUTH CENTRAL REGION


Oklahoma City Oklahoma City Tulsa Tulsa Penn Square Mall Quail Springs Mall Tulsa Promenade Woodland Hills Oklahoma City Oklahoma City Tulsa Tulsa 1988 1986 1996 1982 161 146 180 160

Pittsburgh Pittsburgh Pittsburgh Pittsburgh Pittsburgh Pittsburgh

OREGON NORTHWEST REGION


Bend Coos Bay Eugene Medford Medford Portland Portland Portland Portland Portland Portland Portland Roseburg Salem Salem Bend River Mall Pony Village Mall Valley River Center Rogue Valley Mall Rogue Valley Mall Home Clackamas Town Center Clackamas Town Center Home Lloyd Center Portland (Downtown) Streets of Tanasbourne Washington Square Washington Square Furniture Roseburg Valley Mall Lancaster Mall Salem Center Bend North Bend Eugene Medford Medford Portland Portland Portland Portland Hillsboro Portland Portland Roseburg Salem Salem 1980 1980 1990 1986 1986 1980 1980 1966 2007 2004 1973 2008 1980 1980 1966 105 41 188 111 45 199 169 298 246 172 260 76 40 67 188

Pittsburgh Pittsburgh Scranton-Wilkes-Barre Scranton-Wilkes-Barre Scranton-Wilkes-Barre State College Williamsport Youngstown

RHODE ISLAND NORTHEAST REGION


Providence Providence Providence Place Warwick Mall Providence Warwick 1999 1970 201 186

SOUTH CAROLINA SOUTHEAST REGION


Columbia Greenville Columbia Mall Haywood Mall Columbia Greenville 1978 1980 186 152

PENNSYLVANIA MID-ATLANTIC REGION


Allentown Harrisburg Harrisburg Philadelphia Philadelphia Philadelphia Philadelphia Philadelphia Philadelphia Philadelphia Philadelphia Philadelphia Philadelphia Philadelphia York Lehigh Valley Mall Capital City Mall Harrisburg Mall Exton Square Mall King of Prussia Montgomery Mall Neshaminy Mall Oxford Valley Mall Philadelphia City Center Plymouth Meeting Mall Roosevelt Mall Springeld Mall Suburban Square Willow Grove Park West Manchester Mall Whitehall Camp Hill Harrisburg Exton King of Prussia North Wales Bensalem Langhorne Philadelphia Philadelphia Springeld Ardmore Willow Grove York 1976 1995 1995 1973 1991 1978 1968 1973 1911 1995 1974 1930 2001 1995 218 120 191 184 256 220 211 197 386 214 311 192 102 226 120

SOUTH DAKOTA NORTH REGION


Sioux Falls Empire Mall Sioux Falls 1971 101

TENNESSEE MIDWEST REGION


Jackson Memphis Memphis Memphis Memphis Nashville Nashville Nashville Nashville Old Hickory Mall Oak Court Southland Mall The Avenue Carriage Crossing Wolfchase Galleria Cool Springs Galleria Hickory Hollow Mall at Green Hills Rivergate Mall Jackson Memphis Memphis Collierville Memphis Franklin Antioch Nashville Goodlettsville 1981 1961 1966 2007 1997 1991 1979 2004 1971 160 399 150 130 266 270 181 179 204

Plymouth Meeting 1966

Includes: F = Furniture H = Home K = Kids M = Mens

2011 Corporate Fact Book | 47

MACYS STORE LOCATIONS


CONTINUED
METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s) METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s)

TEXAS SOUTH CENTRAL REGION


Austin Austin Austin Beaumont College Station Corpus Christi Dallas-Fort Worth Dallas-Fort Worth Dallas-Fort Worth Dallas-Fort Worth Dallas-Fort Worth Dallas-Fort Worth Dallas-Fort Worth Dallas-Fort Worth Dallas-Fort Worth Dallas-Fort Worth Dallas-Fort Worth Dallas-Fort Worth Dallas-Fort Worth Dallas-Fort Worth Dallas-Fort Worth Dallas-Fort Worth El Paso El Paso Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Houston Killeen-Temple Laredo Laredo McAllen McAllen San Antonio San Antonio Barton Creek Square Lakeline Mall The Domain Parkdale Mall Post Oak Mall Padre Staples Mall Collin Creek Mall Dallas Galleria Fairview Firewheel Town Center Golden Triangle Hulen Mall Irving Mall North East Mall NorthPark Center Parks at Arlington Ridgmar Mall Shops at Willow Bend Southwest Center Mall Stonebriar Centre Town East Mall Vista Ridge Mall Cielo Vista Mall Sunland Park Mall Almeda Baybrook Mall Deerbrook First Colony Mall Galleria Galleria H/K/M Greenspoint Mall Houston (Downtown) Houston Furniture Clearance Mall of the Mainland Memorial City Mall Pasadena Town Square Pearland San Jacinto Mall West Oaks Mall Willowbrook Mall Willowbrook Mall Woodlands Mall Woodlands Mall K Woodlands Mall Furniture Temple Mall Mall Del Norte Mall Del Norte Home La Plaza Mall La Plaza Mall H/K Ingram Park Furniture Ingram Park Mall
F/M

TEXAS SOUTH CENTRAL REGION continued


Austin Cedar Park Austin Beaumont Corpus Christi Plano Dallas Fairview Garland Denton Ft. Worth Irving Hurst Dallas Arlington Ft. Worth Plano Dallas Frisco Mesquite Lewisville El Paso El Paso Houston Friendswood Humble Sugar Land Houston Houston Houston Houston Houston Texas City Houston Pasadena Houston Baytown Houston Houston Houston 1982 1995 2007 2002 1987 1980 1985 2009 2005 2003 1977 1989 2001 2000 1990 1998 2001 1975 2000 1972 1991 2002 2004 1966 2004 1984 1996 1986 2003 1976 1947 2005 1994 2001 1962 2008 1980 1982 1981 2002 225 180 140 171 105 199 199 268 122 141 114 215 188 240 250 201 181 239 148 201 196 181 187 105 150 244 204 202 256 248 314 791 43 151 300 209 140 157 243 248 91 201 18 19 111 113 33 181 50 59 150 San Antonio San Antonio San Antonio San Antonio San Antonio Tyler North Star Mall Rivercenter Rolling Oaks Shopping Center Shops at La Cantera South Park Mall Broadway Square San Antonio San Antonio San Antonio San Antonio San Antonio Tyler 1981 1989 1992 2005 2000 1981 278 96 179 166 120 100

College Station 1984

UTAH NORTHWEST REGION


Ogden Provo Salt Lake City Salt Lake City Salt Lake City Salt Lake City Layton Hills Mall University Mall Cottonwood Mall Fashion Place Mall South Towne Center Valley Fair Mall Layton Orem Salt Lake City Murray Sandy 1980 1972 1962 1988 1986 162 208 200 26 201 106

West Valley City 1970

VERMONT NORTHEAST REGION


Burlington Burlington Town Center Burlington 1999 152

VIRGINIA MID-ATLANTIC REGION


Lynchburg Richmond Richmond Richmond Richmond Richmond Richmond Roanoke Roanoke Virginia Beach-Norfolk Virginia Beach-Norfolk Virginia Beach-Norfolk Virginia Beach-Norfolk Virginia Beach-Norfolk Virginia Beach-Norfolk Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. Washington, D.C. River Ridge Mall Chestereld Towne Center Regency Square Regency Square F/H/K/M Short Pump Town Center Southpark Mall Virginia Center Commons Valley View Mall Valley View Mall H/K Chesapeake Square Coliseum Mall Greenbrier Mall Lynnhaven Mall Military Circle Shopping Center Patrick Henry Ballston Common Furniture Ballston Common Mall Dulles Town Center Fair Oaks Mall Fair Oaks Mall F Fashion Centre at Pentagon City Landmark Mall Manassas Mall Spotsylvania Towne Centre Springeld Mall Tysons Corner Center Tysons Galleria Lynchburg Richmond Richmond Richmond Richmond Glen Allen Roanoke Roanoke Chesapeake Hampton Chesapeake Virginia Beach Norfolk Newport News Arlington Arlington Dulles Fairfax Fairfax Arlington Alexandria Manassas Fredericksburg Springeld McLean McLean 1980 1990 1990 1990 2003 1993 1985 2001 1999 1977 1990 1998 1976 1998 1959 1959 1998 1980 2000 1989 1965 1996 1993 1991 1968 1988 144 143 100 124 202 104 110 101 47 95 173 145 200 153 141 103 352 181 220 254 307 201 139 146 287 243 265

Colonial Heights 1989

The Woodlands 1994 The Woodlands 2001 The Woodlands 2002 Temple Laredo Laredo McAllen McAllen San Antonio San Antonio 1995 1996 1996 1997 1997 1983 1983

48 | Macys, Inc.

Includes: F = Furniture H = Home K = Kids M = Mens

MACYS STORE LOCATIONS


CONTINUED
GROSS YEAR SQ. FT. OPENED (IN 000s) METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s) METROPOLITAN AREA MALL/LOCATION CITY

WASHINGTON NORTHWEST REGION


Bellingham Bellingham Bremerton Bremerton Longview Olympia Olympia Portland Seattle-Tacoma Seattle-Tacoma Seattle-Tacoma Seattle-Tacoma Seattle-Tacoma Seattle-Tacoma Seattle-Tacoma Seattle-Tacoma Seattle-Tacoma Seattle-Tacoma Seattle-Tacoma Seattle-Tacoma Seattle-Tacoma Seattle-Tacoma Seattle-Tacoma Seattle-Tacoma Skagit County Skagit County Spokane Spokane Spokane Tri-Cities Tri-Cities Tri-Cities Walla Walla Wenatchee Yakima Bellingham Home Bellis Fair Kitsap Mall Siverdale Home Three Rivers Mall Capital Mall Olympia Furniture Vancouver Mall Alderwood Furniture Alderwood Mall Bellevue Square Bellevue Square Home Budget House Furniture Clearance Commons at Federal Way Everett Mall Northgate Mall Redmond Home Redmond Town Center Seattle South Hill Mall Southcenter Tacoma Home Tacoma Mall Tukwila Home Cascade Mall Cascade Mall H/K/M NorthTown Spokane Spokane Valley Mall Columbia Center Columbia Center K/M Columbia Home Walla Walla Wenatchee Valley Mall Valley Mall Bellingham Bellingham Silverdale Silverdale Kelso Olympia Olympia Vancouver Lynnwood Lynnwood Bellevue Bellevue Tukwila Federal Way Everett Seattle Redmond Redmond Seattle Puyallup Seattle Tacoma Tacoma Tukwila Burlington Burlington Spokane Spokane Kennewick Kennewick Kennewick Walla Walla Union Gap 1991 1988 1985 1995 1987 1978 1996 1977 1985 1979 1984 1984 1974 1977 1977 1950 1987 2003 1929 1994 1968 2003 1964 1981 1989 2004 1993 1947 1969 2002 2004 1944 2002 40 120 120 40 51 113 40 180 40 248 227 51 33 141 133 319 40 112 864 115 265 53 257 49 62 51 106 374 122 122 40 40 69 87 119

WEST VIRGINIA MIDWEST REGION


Charleston Huntington Charleston Town Center Huntington Mall Charleston Barboursville 1983 1981 147 162

WISCONSIN NORTH REGION


Appleton Eau Claire La Crosse Madison Milwaukee Fox River Mall Oakwood Mall Valley View Mall Hilldale Shopping Center Mayfair Appleton Eau Claire LaCrosse Madison Wauwatosa 1991 1991 1980 1962 1959 168 104 101 172 284

WYOMING NORTHWEST REGION


Casper Eastridge Mall Casper 1983 61

WASHINGTON, D.C. MID-ATLANTIC REGION


Washington, D.C. Metro Center Washington, D.C. 1985 272

GUAM SOUTHWEST REGION


Guam Guam Micronesia Mall Micronesia Mall H/K/M Dededo Dededo 1994 2009 88 69

PUERTO RICO SOUTHEAST REGION


San Juan Plaza Las Americas San Juan 2000 254

Spokane Valley 1997

East Wenatchee 2001

Includes: F = Furniture H = Home K = Kids M = Mens

2011 Corporate Fact Book | 49

BLOOMINGDALES STORE LOCATIONS


METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s) METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s)

CALIFORNIA
Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. Los Angeles-Orange Co. San Diego San Francisco-Oakland San Jose Beverly Center Century City Fashion Island Fashion Island Home Santa Monica Place Sherman Oaks South Coast Plaza Fashion Valley San Francisco Centre Stanford Shopping Center Los Angeles Los Angeles Newport Beach Newport Beach Santa Monica Sherman Oaks Costa Mesa San Diego San Francisco Palo Alto 1997 1996 1996 1996 2010 1996 2007 2006 2006 1996 163 235 172 68 101 229 291 226 335 229

MARYLAND
Washington, D.C. Washington, D.C. White Flint Wisconsin Place North Bethesda Chevy Chase 1977 2007 259 190

MASSACHUSETTS
Boston Boston Mall at Chestnut Hill Mall at Chestnut Hill H/M Chestnut Hill Chestnut Hill 2006 1973 186 124

MINNESOTA
Minneapolis-St. Paul Mall of America Bloomington 1992 233

NEVADA
Las Vegas Fashion Show Home Las Vegas 2002 99

FLORIDA
Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Miami-Palm Beach Orlando Aventura Mall The Falls The Gardens Mall Town Center at Boca Raton Mall at Millenia Aventura Miami Boca Raton Orlando 1997 1984 1986 2002 252 228 235 270 237

NEW JERSEY
New York New York New York New York Bridgewater Commons Shops at Riverside Short Hills Willowbrook Bridgewater Hackensack Short Hills Wayne 2002 1959 1967 2002 161 293 246 274

Palm Beach Gardens 1990

GEORGIA
Atlanta Atlanta Lenox Square Perimeter Mall Atlanta Atlanta 2003 2003 281 234

NEW YORK
New York New York New York New York New York New York New York 59th Street Roosevelt Field Roosevelt Field Furniture Soho Walt Whitman Mall White Plains New York City Garden City Garden City New York City Huntington White Plains 1886 1995 2004 2004 1998 2004 1975 859 309 69 122 231 64 300

ILLINOIS
Chicago Chicago Chicago Chicago Medinah Home North Michigan Ave. Oakbrook Furniture Old Orchard Chicago Chicago Oak Brook Skokie 2003 1988 2003 1995 130 256 93 206

Westchester Furniture Clearance Mt. Pleasant

50 | Macys, Inc.

Includes: H = Home M = Mens

BLOOMINGDALES STORE LOCATIONS


METROPOLITAN AREA MALL/LOCATION CITY GROSS YEAR SQ. FT. OPENED (IN 000s)

BLOOMINGDALES MARKETS
Domestic: Los Angeles, CA Orange Co., CA San Diego, CA San Francisco, CA W. Palm Beach/ Boca Raton, FL Atlanta, GA Chicago, IL Boston, MA Minneapolis, MN Las Vegas, NV New Jersey New York, NY Philadelphia, PA Washington, D.C.

PENNSYLVANIA
Philadelphia Philadelphia King of Prussia (The Court) Willow Grove Park King of Prussia Willow Grove 1981 1982 248 239

VIRGINIA
Washington, D.C. Tysons Corner Center McLean 1976 272

DUBAI*
Dubai Dubai Dubai Mall Dubai Mall H Dubai, UAE Dubai, UAE 2010 2010 146 54

Miami, FL Orlando, FL

*Stores are operated by Al Tayer Group LLC under a license agreement.

BLOOMINGDALES OUTLET STORES


Miami-Palm Beach Miami-Palm Beach New York Washington, D.C. Dolphin Mall Sawgrass Mills Bergen Town Center Potomac Mills Miami, FL Sunrise, FL Paramus, NJ Woodbridge, VA 2010 2010 2010 2010 25 24 25 26

International: Dubai, UAE

2011 BLOOMINGDALES OUTLET STORE OPENINGS


Boston Chicago Ft. Myers Wrentham Village Woodeld Village Green Miromar Outlets Wrentham, MA Schaumburg, IL Estero, FL 2011 2011 2011 24 24 25

Includes: H = Home K = Kids

2011 Corporate Fact Book | 51

COMPANY HISTORY
MACYS: A HISTORY
No one would have guessed that the small, fancy dry goods store that opened on the corner of 14th Street and 6th Avenue in New York City in 1858 would grow to be one of the largest department store retailers in the world. But after several failed retail ventures, Rowland Hussey Macys determination and ingenuity paid off at the age of 36 with the launch of R.H. Macy & Co. He adopted a red star as his symbol of success, dating back to his days as a sailor. Firstday sales totaled $11.06 but by the end of the rst full year, sales grossed almost $90,000. By 1877, R.H. Macy & Co. had become a full-edged department store occupying the ground space of 11 adjacent buildings. Always the innovator, Macys is known for several rsts that changed the retail industry. Macys was the rst retailer to promote a woman, Margaret Getchell, to an executive position, making business history. Macys pioneered such revolutionary business practices as the one-price system, in which the same item was sold to every customer at one price, and quoting specic prices for goods in newspaper advertising. Known for its creative merchandising, Macys was the rst to introduce such products as the tea bag, the Idaho baked potato and colored bath towels. Macys also was the rst retailer to hold a New York City liquor license. By November 1902, the store had outgrown its modest storefront and moved uptown to its present Herald Square location on Broadway and 34th Street, establishing an attraction for shoppers from around the world. With the stores 7th Avenue expansion completed in 1924, Macys Herald Square became the Worlds Largest Store, with more than 1 million square feet of retail space. By 1918, R.H. Macy & Co. was generating $36 million in annual sales. Yet, the prosperity of the retailer was never more apparent than when the company went public in 1922 and began to open regional stores and take over competing retailers. In 1923, the Toledo-based department store Lasalle & Koch was acquired; the next year, Davison-Paxton in Atlanta was acquired; and in 1936, the Newark-based Bambergers was purchased. To help celebrate their new American heritage, Macys immigrant employees organized the rst Christmas Parade in 1924. The procession featured oats, bands, animals from the zoo and 10,000 onlookers, beginning a time-honored tradition now known as the annual Macys Thanksgiving Day Parade. In 1945, the company expanded west and purchased OConnor Moffatt and Company in San Francisco. Two years later, OConnor Moffatt stores, including the landmark Union Square store that opened in 1866, were converted to Macys after a survey indicated that San Franciscans would welcome the name. Macys California broke new ground with the rst department store ower show in 1946. What began as a fragrance promotion in the cosmetics department now annually welcomes the spring season, treating visitors to a botanical, cultural and community spectacle and is held in New York, Chicago, Minneapolis, Philadelphia and Washington, D.C., in addition to San Francisco. In 1971, Macys Union Square stores lower level, once cluttered with bargains, was transformed into The Cellar, changing the way customers shop for housewares. Due to its success, the Herald Square store followed suit ve years later. On Dec. 19, 1994, Federated Department Stores, Inc. (now known as Macys, Inc.) acquired R.H. Macy & Co., creating the worlds largest premier department store company. Federated Department Stores operated over 400 department stores and more than 157 specialty stores in 37 states. A & S Department Stores were converted to the Macys nameplate in May 1995. Also in 1995, Federated acquired The Broadway Department Stores, bringing Broadway, Emporium and Weinstocks to the Macys family, as well as six former I. Magnin stores. Some 46 stores were converted to the Macys nameplate. Following the model of A & S, Jordan Marsh Department Stores of Boston, already owned by Federated, was converted to Macys in March 1996. In January 2001, Macys absorbed 17 Sterns Department Stores located in New York and New Jersey. In June 2001, Federated purchased the Liberty House operations in Hawaii and Guam, bringing the proud Macys tradition and heritage to the Pacic. Macys entered 2005 with about 240 locations, primarily on the East and West Coasts. With the conversion of all Federateds regional store nameplates in March 2005, Macys grew to about 425 locations across the country. In September 2006, with the conversion of stores acquired from The May Department Stores Company, Macys now serves customers through more than 800 stores in virtually every major geographic market in the United States, as well as the macys.com website.

52 | Macys, Inc.

BLOOMINGDALES: A HISTORY
Bloomingdales began with a 19th century fad and the extraordinary vision of two brothers. Lyman and Joseph Bloomingdale pioneered nearly every major change in the evolution of department stores if they werent the rst with an idea, they simply did it bigger and better than anyone else. Their innovative retailing philosophy guided Bloomingdales in its beginning and that strategy continues today, justiably earning Bloomingdales the reference Like No Other Store in the World. The rst retail endeavor of the Bloomingdale brothers was a Ladies Notion Shop in New York. In 1872, Bloomingdales opened and expanded their East Side Bazaar, selling a variety of womens fashions. This was a bold move in the era of specialty shops; the Bazaar became a harbinger of the true department store. By 1929, Bloomingdales covered an entire city block. Two years later, the glamorous Art Deco edice that still graces Lexington Avenue was completed. In 1949, Bloomingdales began its real expansion, opening its rst satellite store in Fresh Meadows, Queens, and by 1959, Bloomingdales had created a complete circle of stores around the agship in New Jersey, Westchester County and Long Island. This dramatic growth continued in the 70s and 80s with the opening of stores in the Northeast, Florida and Chicago. Bloomingdales was on its way to becoming a true national entity. That vision culminated in 1996 with the addition of its rst four stores in California, the most ambitious expansion in the companys history, followed by two new stores in the Atlanta market in 2003. From the beginning, the Bloomingdale brothers catered to Americas love of international goods, and by the 1880s, their European selection was dazzling. A buying ofce in Paris in 1886 was the beginning of a network that now spans the globe. The 1960s brought promotions resulting from Bloomingdales fascination with the foreign market: the rst was a small affair called Casa Bella, featuring merchandise for the home from Italy. Over the next 30 years, the promotions took on a grand scale including unique merchandise and cultural exhibits that would touch every department in Bloomingdales. Major transformation of the Bloomingdales image came in the 1960s and 1970s. The promotions were so exciting that the term Retailing as Theater was coined to describe Bloomingdales happenings. It was the era of pet rocks and glacial ice cubes, of visits by movie stars and royalty from Elizabeth Taylor to Queen Elizabeth II. The new direction in merchandising was both to seek and to create. Buyers covered the world to nd exclusive, one-of-

a-kind items. When they couldnt nd what they wanted, they had it made. In fashion, Bloomingdales launched new designers and created boutiques for already-famous names. Among the discoveries: Ralph Lauren, Perry Ellis and Norma Kamali and for the rst time in America: Sonia Rykiel, Kenzo and Fendi ready-to-wear. Designers opening their rst in-store boutiques at Bloomingdales include Yves St. Laurent, Calvin Klein, Claude Montana and Thierry Mugler. In 1961, Bloomingdales made retail history in yet another area by introducing the rst designer shopping bag. Artist Joseph Kinigstein was commissioned to create a bag for the Esprit de France promotion. Rather than doing the obvious ladylike owers in pastel colors he reproduced antique French tarot cards in bold red, black and white. Most daring of all, the bag omitted the store name. Even so, it was unmistakably Bloomingdales, and the collectors shopping bag was launched. Since then, both famous and edgling artists, architects and ad designers have created Bloomingdales bags. Their designs have been featured in art museums all over the world. In 1971 model rooms, a highlight of Bloomingdales since 1947, gained worldwide attention. The Cave, an intricate multi-level frame sprayed entirely in white polyurethane, was a spectacular example of the lengths to which Bloomingdales would go to make a statement of style. Over the years, the model rooms have been showcases for the talents of everyone from architect Frank Gehry to lmmaker Federico Fellini. During the 1970s, Bloomingdales was a favorite stop of the international avant-garde, epitomized locally by the Young East Sider who lived right in the neighborhood. In 1973, the store wanted to stamp the Bloomingdales name on panties to launch an intimate apparel promotion; they chose the company nickname as a nod to the young, trendy crowd, and the Bloomies logo was born. Soon, New Yorkers were affectionately referring to the citys second most popular tourist attraction after the Statue of Liberty as Bloomies and the hottest souvenir in town was anything emblazoned with Bloomies. From the late 80s to the present, the economy and retailing has changed thus changing the buying habits of consumers. As usual, Bloomingdales kept up with the times and prepared for the future. Today, there is an increased emphasis on building customer services and relationships, while continuing the unique and exclusive aspects that made Bloomingdales world famous. With a reputation for quality, creativity and uniqueness, Bloomingdales has remained at the forefront of retailing worldwide. Bloomingdales speaks to its customers in a language they understand: service, selection and fashion, making Bloomingdales Like No Other Store in the World.

2011 Corporate Fact Book | 53

MACYS, INC. HISTORY CHRONOLOGY


1830 Shillitos founded in Cincinnati by John Shillito. Eben Jordan and Benjamin L. Marsh open Jordan Marsh in Boston. F&R Lazarus & Company founded in Columbus, OH, by Simon Lazarus. Rowland H. Macy opens R.H. Macy & Co. as a dry goods store in New York City. First-day sales totaled $11.06. Macys rst-year sales were approximately $85,000 with an advertising budget of $2,800. Wechsler & Abraham (later Abraham & Straus) founded in Brooklyn, NY, by Abraham Abraham and Joseph Wechsler. Richs founded in Atlanta by Morris Rich. Stern Brothers (later Sterns) founded in Manhattan. 1870 1872 Goldsmiths founded in Memphis. Bloomingdale Brothers, Inc. founded in New York City by Lyman and Joseph Bloomingdale. First-day sales totaled $3.68. David May opens the rst store of what was to become The May Department Stores Company in Leadville, CO, a silver-mining boom town. The Straus family acquires a general partnership with Macys. The Bon March founded in Seattle. The Straus family buys out Joseph Wechslers interest in Wechsler & Abraham, changing the stores name to Abraham & Straus. While A&S did not become part of Macys, the two stores kept a close association, even sharing overseas ofces. Burdines founded in Miami. Macys moves to Herald Square in New York City. David May moves the headquarters of his growing retail organization to St. Louis. 1934 1925 1924 1907 Bullocks founded by John Bullock and P.G. Winnett in Los Angeles. The May Department Stores Company is incorporated. The May Department Stores Company is listed on the New York Stock Exchange and opens Famous-Barr in St. Louis. May Company acquires a department store company in Los Angeles, adding to its growing regional coverage in Akron and Cleveland, OH, and St. Louis. Macys Herald Square location becomes the largest store in the world, following completion of the 7th Avenue addition. Also, 10,000 people watch Macys rst parade, now known as Macys Thanksgiving Day Parade. Macys acquires Davison-Paxon of Atlanta. Federated Department Stores, Inc. (now known as Macys, Inc.) is formed as a holding company by several family-owned department stores, including Abraham & Straus and F&R Lazarus (along with its Cincinnati-based subsidiary, Shillitos) and Filenes of Boston. Corporate ofces established in Columbus, OH. Bloomingdales joins Federated. First-year sales for Federated were $112 million. A modern merchandising standard is set when Fred Lazarus (son of Simon) arranges garments in groups of a single size with a range of style, color and price in that size, rather than the other way around. Lazarus based this technique upon observations made in Paris. Bostons Jordan Marsh is one of the founders of New York City-based Allied Stores Corporation, a successor to Hahn Department Stores, Inc. A holding company founded in 1928, Hahn brought chain store advantages to independent, family-owned department stores. 1945 1939 1841 1910 Fred Lazarus Jr. convinces President Franklin Roosevelt that changing the Thanksgiving holiday from the last Thursday of November to the fourth Thursday, extending the Christmas shopping season, would be good for the nations business. A 1941 Act of Congress perpetuated the arrangement. Federated and Allied stores made shopping easier during difcult economic times by offering credit, a pay when you can policy and developing a reputation for community involvement in times of crisis. Federated moves its ofces to Cincinnati. Macys acquires OConnor Moffat & Company of San Francisco. In several ways, Shillitos becomes the rst department store to embrace the African-American community. It is the nations rst department store to give credit to African-Americans, as well as employ them as salespeople and executives. The stores restaurant is the rst in downtown Cincinnati to serve African-American customers. May Company acquires Kaufmanns in Pittsburgh. 1947 OConnor Moffat becomes Macys California. Allied acquires New Jerseys Stern Brothers, later known as Sterns. Miami-based Burdines becomes a division of Federated. May Company begins operating May D&F in Denver. 1957 Seventeen-year-old designer-tobe Ralph Lauren sells sweaters at Bloomingdales over Christmas week. The following year, he joins Allied Stores as assistant menswear buyer. Federated acquires Dayton, Ohiobased Rikes and Memphis-based Goldsmiths. May Company acquires Hechts in Washington, D.C. and Baltimore. 1962 Allied acquires the William H. Block Company of Indianapolis.

1851

1911

1858

1923

1859

1865

1867

1946

1929

1877

1930

1951

1888

1956

1890 1893

1935

1898 1902

1959

1905

54 | Macys, Inc.

1964

Federated breaks the 10-gure barrier for the rst time, netting annual sales of $1.215 billion. Federated acquires Los Angeles Bullocks and I. Magnin. May Company acquires Meier & Frank in Portland, OR. Allied also passes the billion dollar mark, with annual sales of $1.024 billion. Black Retail Action Group (BRAG), founded in part by Abraham & Straus executives, gives technical assistance to minority-owned businesses and scholarships to retailing students. This furthers the A&S commitment to African-Americans. The company was the countrys rst major retailer to sign up for Plans for Progress, President Kennedys commission on job opportunities for African-Americans. Through an exchange of common stock, Federated acquires Atlantabased Richs. To help meet the civic, health and welfare, educational and cultural needs of the communities Federated serves, the company invests $15 million to establish a foundation. The merger of Rikes of Dayton and Shillitos of Cincinnati results in Shillito-Rikes. The newly formed Federated Systems Group (then known as The SABRE Group) begins the conversion of all Federated divisions to a common electronic data processing system. (The group is now known as Macys Systems and Technology.) Davisons of Atlanta changes its name to Macys.

1987

Federated buys Allieds Indianapolisbased Blocks division, incorporating it into Lazarus. Campeau Corporation acquires Federated. Several Federated divisions are sold to other retailers. May Company purchases Foleys and Filenes. Macys purchases Bullocks and I. Magnin from Campeau. To consolidate with Federated, Allieds New York headquarters moves to Cincinnati. Allied operating in tandem with Federated is comprised of The Bon March, Jordan Marsh, Maas Brothers and Sterns. Goldsmiths merges into Richs, although the Goldsmiths nameplate is maintained in the Memphis market.

1988 1966

1967

1968

1976

1980

1982

1985

1986

A single, billion-dollar organization is formed with the merger of Federateds Shillito-Rikes of Cincinnati and Columbus-based Lazarus. With headquarters in Cincinnati, the division operates under the Lazarus name. Campeau Corporation acquires Allied Stores Corporation, which is reorganized under the merger agreement. In what was then retails largest acquisition, May Company acquired Associated Dry Goods and added Lord & Taylor, J.W. Robinsons and L.S. Ayres, among others, to its collection of regional department stores.

2011 Corporate Fact Book | 55

1989

Federated forms its Financial, Administrative and Credit Services operation (The FACS Group) in suburban Cincinnati to centralize credit services for all department store divisions. (The group is now known as Macys Credit and Customer Services.) Federateds employee volunteer program, Partners in Time, is founded at Richs/Goldsmiths as a way to give back to the community.

1990

In January, saddled by debt resulting from the highly leveraged Campeau takeover of Federated, both Federated and Allied le for bankruptcy reorganization. The reorganizing of more than $8 billion of debt begins. Allen Questrom becomes chairman and chief executive ofcer, joining James M. Zimmerman, president and chief operating ofcer, to form the senior management team that would resurrect the company. Divisional consolidations begin. The companys Florida operations, including all former Maas Brothers/Jordan Marsh stores, operate under the Burdines name, and division headquarters are consolidated in Miami. A new public company Federated Department Stores, Inc. emerges from bankruptcy in February with 220 department stores in 26 states and annual sales of approximately $7 billion. The former Allied Stores Corporation is merged into Federated. A consolidation of the A&S and Jordan Marsh divisions results in the A&S/ Jordan Marsh division, headquartered in Brooklyn, NY. Early in the new year, Macys les for protection under Chapter 11. Federated announces the centralization of divisional accounting and accounts payable functions in Cincinnati. In addition, a management realignment recongures merchandise distribution for its northeastern divisions. Federated acquires the Joseph Horne Co. of Pittsburgh, adding 10 Pennsylvania stores to its Lazarus division. In December, Federated acquires R.H. Macy & Co., creating the largest department store retailer in the nation. Acquisition approval, granted by U.S. Bankruptcy Court in December, culminates Macys three-year reorganization plan. Macys East, headquartered in New York City, merges with A&S/Jordan Marsh to form a $4 billion retailing division of Federated. In San Francisco, Macys West continues to operate all West Coast Macys and Bullocks stores, as Federated restores its presence in California and Texas. Federated announces the discontinuation of the I. Magnin chain and 13 I. Magnin stores are sold or converted to Macys or Bullocks.

1994

Continued. Federated Logistics (now known as Macys Logistics and Operations) is formed to coordinate the companys distribution facilities and functions in the northeastern United States. Richs/Goldsmiths and Lazarus are consolidated into one division Richs/Lazarus/Goldsmiths, based in Atlanta and operating stores in nine southeastern and midwestern states. Federated acquires Broadway Stores, Inc., based in Los Angeles. Initially, this added 82 Broadway, Emporium and Weinstocks department stores in California and four other southwestern states with annual sales of more than $2 billion. Federated announces that 56 of these stores will be converted to the Macys nameplate. Five others will become Bloomingdales, while other locations will be sold or closed. Federated Logistics is expanded to handle distribution, logistics functions and vendor technology for all Federated divisions nationwide. A&S stores, already a part of the Macys East division, are converted to the Macys nameplate.

1995

1991

1992

1993

1996

Jordan Marsh stores in the northeastern United States, already part of the Macys East division, are converted to the Macys nameplate. Meanwhile, Bullocks stores in Southern California, already part of the Macys West division, are renamed Macys. May Company acquires Strawbridges in Philadelphia. The Federated Department Stores Foundation is reactivated as the companys primary vehicle for charitable giving. Total contributions by Federated, its divisions and the Foundation were $7.8 million in scal 1996. Bloomingdales opens its rst California stores with four locations three in the Los Angeles area and one in Palo Alto. www.macys.com is launched.

1994

1997

In May, James M. Zimmerman succeeds Allen Questrom as chairman and chief executive ofcer of Federated. Terry J. Lundgren becomes president and chief merchandising ofcer.

56 | Macys, Inc.

1998

For the rst time since 1988, Federateds debt was rated by major agencies as investment grade. In the fall, the company launches a new Macys By Mail catalog and re-launches macys.com. The May Company acquires The Jones Store in Kansas City, MO.

2004

Terry J. Lundgren becomes chairman, president and chief executive ofcer as James M. Zimmerman retires as chairman of the company. Macys Home Store division is formed. May Company acquires Marshall Fields.

2008

Macys began piloting a new localization initiative called My Macys in 20 local markets as it consolidated three divisions Macys North into Macys East, Macys Northwest into Macys West, and Macys Midwest into Macys South (creating a new Macys Central division). The company celebrated Macys 150th birthday on October 28. Macys, Inc. launches a corporatewide sustainability initiative to guide a wide variety of efforts to protect the environment.

2005

1999

Fingerhut Companies, Inc. of Minnetonka, MN, a leading directmarketing company, is acquired by Federated in March. May Company acquires Zions Co-operative Mercantile Institution (ZCMI) department stores in Utah and Idaho.

Federated begins operating nationwide under two store nameplates Macys and Bloomingdales as all regional department store names are converted to the Macys brand. Macys launches a new customer loyalty program, with escalating benets for its largest customers, as it issues new credit cards for about 14 million accounts. Federated acquires The May Department Stores Company. The acquisition creates a stronger, more resourceful company with more stores nationwide.

2009

2000

A new private brand of apparel and accessories for children, called Greendog, debuts at stores across the country. In February, Federated announces that its Sterns division will be closed, with most locations being converted to the Bloomingdales or Macys nameplates. In July, Federated acquires Liberty House, Hawaiis largest retailer and only conventional department store group. It becomes part of Macys West.

Macys rolls out its My Macys localization initiative nationwide, creating 49 new local stores districts (for a total of 69), while adopting a unied national operating structure. Macys and Bloomingdales launched social media programs to reach customers in new ways.

2001

2006

More than 400 former May Company stores convert to Macys, creating a nationwide store focused on delivering fashion and affordable luxury to customers from coast to coast. Macys launches its rst-ever national advertising campaign. Federated divests Lord & Taylor, Davids Bridal and Priscilla of Boston, which were acquired as part of May Company.

2010

After several years of signicant changes to the companys structure and organization, a culture of growth develops at Macys, Inc. Bloomingdales opens in Dubai, the companys rst international presence. Macys ends the year with more than 1.2 million Facebook friends.

2002

Federated disposes of Fingerhut. Terry J. Lundgren becomes chief operating ofcer in addition to president and chief merchandising ofcer.

2007

2003

Federated integrates the Macys nameplates with its regional department stores creating BonMacys, Burdines-Macys, GoldsmithsMacys, Lazarus-Macys and RichsMacys. Macys Corporate Marketing is developed. Bloomingdales enters the Atlanta market for the rst time with two stores. Terry J. Lundgren becomes president and chief executive ofcer. James M. Zimmerman remains chairman of the board. Federated board initiates quarterly dividends.

Federated sells its 507-store After Hours Formalwear business, which was acquired as part of May Company, to Houston-based Mens Wearhouse. Shareholders vote to change the corporate name from Federated Department Stores, Inc. to Macys, Inc.

2011 Corporate Fact Book | 57

MACYS, INC. BOARD OF DIRECTORS

Stephen F. Bollenbach Non-Executive Chairman of the Board of Directors KB Home

Deirdre P. Connelly President, North American Pharmaceuticals GlaxoSmithKline

Meyer Feldberg Dean Emeritus and Professor of Leadership and Ethics Columbia Business School

Sara Levinson Former Chairman and Chief Executive Ofcer ClubMom, Inc.

Terry J. Lundgren Chairman, President and Chief Executive Ofcer Macys, Inc.

Joseph Neubauer Chairman and Chief Executive Ofcer ARAMARK Holdings Corporation

Joseph A. Pichler Former Chairman The Kroger Company

Joyce M. Roch Former President and Chief Executive Ofcer Girls Incorporated

Craig E. Weatherup Former Chairman and Chief Executive Ofcer The Pepsi-Cola Company

Marna C. Whittington Chief Executive Ofcer Allianz Global Investors Capital

58 | Macys, Inc.

EXECUTIVE MANAGEMENT TEAM

Timothy M. Adams Chief Private Brand Ofcer

Thomas L. Cole Chief Administrative Ofcer

Mark S. Cosby President Stores

Jeffrey Gennette Chief Merchandising Ofcer

Julie Greiner Chief Merchandise Planning Ofcer

Michael Gould Chairman and Chief Executive Ofcer, Bloomingdales

Karen M. Hoguet Chief Financial Ofcer

Ronald Klein Chief Stores Ofcer

Terry J. Lundgren Chairman, President and Chief Executive Ofcer

Peter Sachse Chief Marketing Ofcer

2011 Corporate Fact Book | 59

OTHER MACYS, INC. CORPORATE OFFICERS

Joel A. Belsky Controller

Dennis J. Broderick General Counsel and Secretary

David W. Clark Human Resources and Diversity

Amy Hanson Property Development Credit and Customer Services

R.B. Harrison Finance

William L. Hawthorne III Diversity Strategies and Legal Affairs

Bradley R. Mays Tax

James A. Sluzewski Corporate Communications and External Affairs

Ann Munson Steines Deputy General Counsel and Assistant Secretary

Felicia Williams Risk Management and Financial Services

Shirley H. Yoshida Internal Audit

Michael Zorn Associate and Labor Relations

60 | Macys, Inc.

SHAREHOLDER INFORMATION
MACYS, INC. CORPORATE GOVERNANCE
Macys, Inc. believes strongly in good corporate governance and transparency in nancial reporting. If you would like to know more, please visit the Corporate Governance section of our corporate website at www.macysinc.com/corporategovernance.

COMMON STOCK
Shares of Macys, Inc. common stock are traded on the New York Stock Exchange. The companys trading symbol is M. The approximate number of Macys, Inc. shareholders of record, as of Jan. 29, 2011, was 23,000. As of that date, there were approximately 423.3 million shares of Macys, Inc. common stock outstanding, excluding shares held by Macys, Inc.

2010
First Quarter Second Quarter Third Quarter Fourth Quarter

Shares Traded
688,375,100 733,287,400 580,036,000 481,085,900

Average Daily Volume


10,926,600 11,639,500 9,063,100 7,759,500

Prices Low High


15.34 16.93 18.70 22.78 25.25 24.84 25.26 26.32

Dividends Paid
0.0500 0.0500 0.0500 0.0500

2009
First Quarter Second Quarter Third Quarter Fourth Quarter 916,209,500 739,017,300 761,119,900 776,902,500 14,543,000 11,730,400 11,892,500 12,736,100 6.27 10.27 13.58 15.39 14.09 15.29 20.84 19.77 0.0500 0.0500 0.0500 0.0500

TO REACH US www.macysinc.com/ir Sign up to have Macys, Inc.s news releases sent to you via e-mail by subscribing to News Direct. Get the latest stock price and chart, or take advantage of the historical price look-up feature. CALL: Macys, Inc. Investor Relations Department Monday-Friday, 8:30 a.m.-5 p.m. (ET) 1-513-579-7028 Macys, Inc. News & Information Request Hotline: 1-800-261-5385 WRITE: Macys, Inc. Investor Relations Department 7 West Seventh Street Cincinnati, OH 45202

TRANSFER AGENT FOR MACYS, INC. SHARES Macys, Inc. c/o BNY Mellon Shareowner Services P.O. Box 358015 Pittsburgh, PA 15252-8015 Inside the United States and Canada 1-866-337-3311 Outside the United States and Canada 1-201-680-6578 For the hearing impaired 1-800-231-5469 (TDD)
www.bnymellon.com/shareowner/equityaccess

VISIT US ON THE INTERNET:


www.macysinc.com www.macys.com www.macysJOBS.com www.bloomingdales.com www.bloomingdalesJOBS.com

2011 Corporate Fact Book | 61

MACYS, INC. OPERATES STORES IN:*


ALABAMA: 400 Employees Macys (2) ARIZONA: 3,000 Employees Macys (11) CALIFORNIA: 29,100 Employees Bloomingdales (10) Macys (138) COLORADO: 1,600 Employees Macys (14) CONNECTICUT: 2,800 Employees Macys (13) DELAWARE: 600 Employees Macys (4) FLORIDA: 12,800 Employees Bloomingdales (5) Bloomingdales Outlet (2) Macys (61) GEORGIA: 6,000 Employees Bloomingdales (2) Macys (23) HAWAII: 2,100 Employees Macys (18) IDAHO: 700 Employees Macys (7) ILLINOIS: 6,400 Employees Bloomingdales (4) Macys (25) INDIANA: 2,000 Employees Macys (11) KANSAS: 700 Employees Macys (6) KENTUCKY: 1,200 Employees Macys (7) LOUISIANA: 800 Employees Macys (5) MAINE: 300 Employees Macys (2) MARYLAND: 4,000 Employees Bloomingdales (2) Macys (23) MASSACHUSETTS: 4,700 Employees Bloomingdales (2) Macys (29) MICHIGAN: 4,300 Employees Macys (21) MINNESOTA: 3,300 Employees Bloomingdales (1) Macys (13) MISSOURI: 3,400 Employees Macys (15) MONTANA: 200 Employees Macys (2) NEVADA: 1,300 Employees Bloomingdales (1) Macys (8) NEW HAMPSHIRE: 800 Employees Macys (6) NEW JERSEY: 8,100 Employees Bloomingdales (4) Bloomingdales Outlet (1) Macys (30) NEW MEXICO: 200 Employees Macys (2) NEW YORK: 22,800 Employees Bloomingdales (7) Macys (52) NORTH CAROLINA: 1,400 Employees Macys (12) NORTH DAKOTA: 200 Employees Macys (2) OHIO: 8,500 Employees Macys (36) OKLAHOMA: 500 Employees Macys (4) OREGON: 1,900 Employees Macys (15) PENNSYLVANIA: 6,200 Employees Bloomingdales (2) Macys (37) RHODE ISLAND: 300 Employees Macys (2) SOUTH CAROLINA: 300 Employees Macys (2) SOUTH DAKOTA: 100 Employees Macys (1) TENNESSEE: 2,100 Employees Macys (9) TEXAS: 8,900 Employees Macys (57) UTAH: 600 Employees Macys (6) VERMONT: 100 Employees Macys (1) VIRGINIA: 4,500 Employees Bloomingdales (1) Bloomingdales Outlet (1) Macys (27) WASHINGTON: 4,600 Employees Macys (35) WEST VIRGINIA: 300 Employees Macys (2) WISCONSIN: 900 Employees Macys (5) WYOMING: 100 Employees Macys (1) WASHINGTON, D.C.: 300 Employees Macys (1) GUAM: 200 Employees Macys (2) PUERTO RICO: 400 Employees Macys (1)

*Information as of April 2, 2011, except for number of employees, which is as of January 29, 2011. 62 | Macys, Inc.

Number of Stores ..........................................................851 Store Gross Sq. Ft. .........................................154,400,000 Total States .......................................................................45 plus the District of Columbia, Guam and Puerto Rico Total Number of Employees ................................ 166,000
Information as of April 2, 2011, except for number of employees, which is as of January 29, 2011.

2011 Corporate Fact Book | 63

7 West Seventh Street Cincinnati, OH 45202 151 West 34th Street New York, NY 10001 www.macysinc.com

www.macys.com

www.bloomingdales.com