Macy’s, Inc. to Expand Arizona Fulfillment Center

  Macy’s, Inc. to Expand Arizona Fulfillment Center

Business Wire

CINCINNATI -- March 21, 2013

Macy’s, Inc. (NYSE:M) today announced that it will expand its online order
fulfillment center in Goodyear, AZ, to accommodate continued sales growth as
part of the company’s omnichannel strategy. The company is expected to invest
more than $35 million in capital in the project.

The Goodyear facility, with 600,000 square feet of space, was built by Macy’s,
Inc. and opened in spring 2008. The expansion will add 360,000 square feet of
space. Construction is expected to begin this summer so the expanded facility,
with a total of 960,000 square feet, can be operational in spring 2014.

“Macy’s omnichannel strategy has helped us to accelerate sales growth – from a
combination of stores and online – in recent years as we position our company
to serve customers no matter wherever, however and whenever they prefer to
shop. Our online fulfillment centers, as well as the 500 Macy’s stores that
will be equipped to fulfill orders by the end of 2013, handle customer orders
placed online, as well as ship products to customers who shop in stores that
may not stock the specific product they need. Through our omnichannel
strategy, we can access the total inventory of our company for every
customer,” said R.B. Harrison, Macy’s, Inc.’s chief omnichannel officer.

“Going forward, it is important that our systems and facilities continue to
develop so we have the capacity to continue to serve customer demand and grow
sales. Goodyear already is a state-of-the-art fulfillment center, and this
expansion will allow us to scale up its capabilities to handle the higher
level of volume expected in the years ahead,” Harrison said.

The Goodyear fulfillment center currently employs more than 500
full-time-equivalent associates. With the expansion, employment is expected to
grow to more than 625 full-time equivalents.

“We are thrilled with Macy's decision to select Goodyear for its next major
expansion of its online business fulfillment capacity. Macy's has been a great
corporate citizen, community partner and major employer these past five
years,” said Goodyear Mayor Georgia Lord. “To have Macy's grow jobs to 625
full-time equivalents, with a new $35 million capital investment, is a
wonderful testament to our commitment to provide a place for businesses to
grow and our citizens to enjoy good jobs with top tier employers. Macy's is
one of our most critical corporate anchors. Their expansion demonstrates
Goodyear is continuing to grow and we're ready for businesses to grow with
us."

In addition to Goodyear, the company’s omnichannel strategy also is supported
by major fulfillment centers located in Martinsburg, WV, Portland, TN, and
Cheshire, CT.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the
nation’s premier retailers, with fiscal 2012 sales of $27.7 billion. The
company operates about 840 stores in 45 states, the District of Columbia, Guam
and Puerto Rico under the names of Macy’s and Bloomingdale’s, as well as the
macys.com and bloomingdales.com websites. The company operates 12
Bloomingdale’s Outlet stores. Bloomingdale’s in Dubai is operated by Al Tayer
Group LLC under a license agreement.

All statements in this press release that are not statements of historical
fact are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are based upon the
current beliefs and expectations of Macy’s management and are subject to
significant risks and uncertainties. Actual results could differ materially
from those expressed in or implied by the forward-looking statements contained
in this release because of a variety of factors, including variability in the
costs of providing healthcare and retirement benefits to current or former
employees, conditions to, or changes in the timing of, proposed transactions,
prevailing interest rates and non-recurring charges, competitive pressures
from specialty stores, general merchandise stores, off-price and discount
stores, manufacturers’ outlets, the Internet, mail-order catalogs and
television shopping and general consumer spending levels, including the impact
of the availability and level of consumer debt, the effect of weather and
other factors identified in documents filed by the company with the Securities
and Exchange Commission.

(NOTE: Additional information on Macy’s, Inc., including past news releases,
is available at www.macysinc.com/pressroom).

Contact:

Macy’s, Inc.
Media – Jim Sluzewski, 513-579-7764
Investor – Matt Stautberg, 513-579-7780
 
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