Macy’s, Inc. Reports New Steps to Enhance Sustainability

  Macy’s, Inc. Reports New Steps to Enhance Sustainability

Actions include installation of additional electric vehicle charging stations,
    continued rollout of LED lighting and solar, and new efforts to reduce
                               packaging waste

Business Wire

CINCINNATI -- July 23, 2014

Macy’s, Inc. (NYSE:M) today reported a series of new initiatives in its
multi-year strategic program to enhance environmental sustainability. They are
consistent with the company’s sustainability principles first adopted in 2008
and implemented with increasing intensity over the past six years. Results
through 2013 include a 38 percent reduction in the company’s electricity usage
since 2002 and a 95 percent adoption rate of recycled or certified paper used
in the company’s marketing materials.

“We have come a long way in making our company more efficient, less wasteful
and greener –which is important to our customers, associates, shareholders and
communities,” said Amy Hanson, the Macy’s, Inc. executive vice president who
oversees sustainability activities. “In all, we have already implemented more
than 100 new sustainability ideas over the past six years. But the more we do,
the more we learn about opportunities for further improvement. We are more
committed today than ever to pursuing new advances in sustainability and
finding pragmatic steps we can take to become responsible stewards of our
environment while also engaging our workforce and reducing costs.”

New and enhanced elements of sustainability at Macy’s, Inc. in 2014 include:

  *Collaborating with Volta Industries to install 17 new free-to-operate
    electric vehicle (EV) charging stations outside eight Macy’s stores in the
    Los Angeles area by late fall 2014. Planned locations include Del Amo
    Fashion Center in Torrance, Los Cerritos Center, Montebello Town Center,
    Montclair Plaza, Pasadena, Sherman Oaks Fashion Square, Simi Valley Town
    Center and The Oaks in Thousand Oaks. This installation will bring to 33
    the number of EV charging stations available to customers at Macy's store
    locations in southern California. In 2011, Macy’s became the first major
    department store to pilot the use of EV charging stations when it forged
    an agreement to install 16 charging stations outside five Macy’s stores
    and one Bloomingdale’s store in the San Diego area which are currently
    being operated as part of the Blink Network. Collectively, these charging
    stations provide an added convenience to EV drivers and help promote the
    reduction of fuel consumption and the transition to clean, renewable
    energy.
  *Entered a new phase of its industry-leading program to install
    energy-saving LED light bulbs in stores nationwide. The company has
    already installed more than 1.1 million LED bulbs in more than 800 Macy’s
    and Bloomingdale’s stores across America, cutting energy consumption used
    in lighting by up to 73 percent compared with conventional bulbs replaced.
    In 2014, LED technology is being extended to begin replacing fluorescent
    fixtures in store locations.

  *Planning and developing 20 additional solar power arrays to be installed
    on the roofs of stores and distribution centers in California,
    Connecticut, Massachusetts, New York and other states in 2014 and 2015. At
    year-end 2013, solar energy was being generated on 55 active installations
    at Macy’s and Bloomingdale’s facilities.
  *Macy’s Private Brands – the company’s product development organization –
    has joined the Sustainable Apparel Coalition, a trade organization working
    to reduce the environmental and social impacts of apparel and footwear
    products around the world. SAC is comprised of brands, retailers,
    manufacturers, government, and non-governmental organizations and academic
    experts, representing more than a third of the global apparel and footwear
    market.
  *Reducing waste in the merchandise supply chain by standardizing the size
    of packing cartons, incorporating recycled polyester fibers in many woven
    garment labels, minimizing packaging materials and adopting paper hangtags
    made from FSC-certified paper. Work on packaging reduction is being
    researched and piloted in Macy’s Private Brands, with plans to collaborate
    with market merchandise vendors in the months ahead.
  *Setting new and higher goals to increase customer adoption of electronic
    (paperless) billing statements and electronic bill payment. In 2013 alone,
    nearly 18 percent of Macy’s and Bloomingdale’s customers opted for
    paperless statements, saving about 745,000 pounds of paper.
  *Driving adoption of digital receipts, which are available in all Macy’s
    stores nationwide. When making a purchase, customers can choose to have a
    copy of their receipt emailed to them, thus eliminating the unnecessary
    use of paper receipts. Digital receipts are a convenience for many
    customers and support the company’s sustainability objective of reducing
    the use of paper in its business operations. In 2013, about 6 percent of
    all store transactions were paperless.
  *This spring, Macy’s raised awareness and more than $700,000 for community
    parks, recreation and conservation across America in collaboration with
    the National Recreation and Park Association through a program called
    Macy’s Heart Your Park. Macy’s stores nationwide each selected a local
    park or green space in their community to support, with more than 550
    local parks benefiting from the program. Macy’s contributed $250,000 in
    matching to customer donations made at Macy’s stores.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the
nation’s premier retailers, with fiscal 2013 sales of $27.931 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 also operates 13
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 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. In light of
these risks and uncertainties, readers are cautioned not to place undue
reliance on forward-looking statements. Except as may be required by
applicable law, Macy’s disclaims any obligation to update its forward-looking
statements for any reason.

(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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