Last $66.08 USD
Change Today +0.25 / 0.38%
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As of 8:04 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

macy's inc (M) Snapshot

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01/8/15 - $68.30
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02/5/14 - $50.05
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macy's inc (M) Details

Macy's, Inc., together with its subsidiaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The company also operates Bloomingdale’s Outlet stores that offer a range of apparel and accessories, including women's ready-to-wear, fashion accessories, jewelry, handbags, and intimate apparel, as well as men's, children's, and women's shoes. As of October 28, 2014, it operated approximately 840 stores under the Macy's and Bloomingdale's names in 45 states of the United States, the District of Columbia, Guam, and Puerto Rico, as well as the and Websites; and 13 Bloomingdale's Outlet stores. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy’s, Inc. in June 2007. Macy’s, Inc. was founded in 1830 and is headquartered in Cincinnati, Ohio.

172,500 Employees
Last Reported Date: 04/2/14
Founded in 1830

macy's inc (M) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.6M
Total Annual Compensation: $870.8K
Chief Financial Officer
Total Annual Compensation: $870.8K
Chief Stores Officer
Total Annual Compensation: $870.8K
Chief Private Brand Officer
Total Annual Compensation: $842.5K
Compensation as of Fiscal Year 2013.

macy's inc (M) Key Developments

Macy's, Inc. to Relocate its West Sacramento, CA, Direct-To-Consumer Fulfillment Center

Macy's, Inc. announced it plans to relocate its West Sacramento, CA, direct-to-consumer fulfillment center to a larger facility in a nearby location in Sacramento County to support continued sales growth driven by Macy’s omni channel strategy. Contingent on approvals by the Sacramento County Board of Supervisors, Macy’s will begin operations in summer 2015 at a 385,000-square-foot facility at 6200 Franklin St., creating approximately 100 new jobs. The current 92,000-square-foot fulfillment center is located about 10 miles away at 3919 Channel Drive in West Sacramento. The current workforce of 72 associates is planned to grow to more than 175 after the move. Macy’s multi-million-dollar upgrade to the new fulfillment center will include building modifications and the latest technology in material handling equipment and warehouse management systems.

Macy's, Inc. Closes 14 Retail Stores; Announces Two New Stores At Bloomingdale's in San Jose, Calif., and Los Angeles

Macy's, Inc. is closing 14 retail stores as the company invests more in technology. The 14 stores are expected to close by early spring and do not include the retailers two Milwaukee-area locations. The stores to be closed account for $130 million in annual sales. The company expects some of that to be retained by nearby stores and online sales. The company said employees displaced by store closings will be offered positions in nearby stores where possible or be given severance benefits. The company also announced that it is laying off an average of two to three employees per store as it refocuses its staffing. The cut amounts to between 1,660 and 2,500 total workers. The 14 stores that are closing are: Metro Center, Phoenix; Cupertino Square Mall, Cupertino, Calif.; Promenade (main store), Woodland Hills, Calif.; Promenade (furniture gallery), Woodland Hills, Calif.; Gulf View Square, Port Richey, Fla.; Northland Center, Southfield, Mich.; Wendover, Greensboro, N.C.; Ledgewood Mall, Ledgewood, N.J.; ShoppingTown Mall, DeWitt, N.Y.; Rotterdam Square, Schenectady, N.Y.; Kingsdale Shopping Center, Columbus, Ohio; Richmond Town Square, Richmond Heights, Ohio; Upper Valley Mall, Springfield, Ohio and Southland Mall, Memphis. The company announced two new stores: a Bloomingdale's in San Jose, Calif., and a Macy's in Los Angeles, which will replace an existing one in Westfield Century City.

Macy's, Inc. Elects Leslie D. Hale to Board of Directors

Leslie D. Hale, executive vice president, chief financial officer and treasurer of RLJ Lodging Trust, has been elected to the Macy’s, Inc. board of directors. Hale, 42, was promoted in April 2013 to executive vice president, chief financial officer and treasurer of RLJ Lodging Trust, she was RLJ’s chief financial officer and senior vice president for real estate and finance.


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