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Company Description

Contact Info

7 West Seventh Street

Cincinnati, OH 45202

United States

Phone: 513-579-7000

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Macy's, Inc., together with its subsidiaries, operates stores, Websites and mobile applications that sell a range of merchandise in the United States. As of January 30, 2016, the operations of the company included 870 Macy's, Macy's Backstage, Bloomingdale's, Bloomingdale's Outlet and Bluemercury stores in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com. In addition, Bloomingdale's in Dubai, the United Arab Emirates is operated under a license agreement with Al Tayer Insignia, a company of Al Tayer Group, LLC. The company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods. The specific assortments vary by size of store, merchandising assortments and character of customers in the trade areas. Majority stores are located at urban or suburban sites, principally in densely populated areas across the United States. In 2015, the company’s subsidiaries provided various support functions to the company’s retail operations on an integrated, company-wide basis. The company’s bank subsidiary, FDS Bank, provides credit processing, certain collections, customer service, and credit marketing services in respect of all credit card accounts that are owned either by Department Stores National Bank, a subsidiary of Citibank, N.A., or FDS Bank and that constitute a part of the credit programs of the company’s retail operations. Macy’s Systems and Technology, Inc., a wholly-owned indirect subsidiary of the company, provides operational electronic data processing and management information services to all of the company’s operations other than Bluemercury, Inc. Macy’s Merchandising Group, Inc. (MMG), a wholly-owned direct subsidiary of the company, and its subsidiary Macy's Merchandising Group International, LLC., are responsible for the design, development and marketing of Macy’s private label brands and certain licensed brands. Bloomingdale’s uses MMG for only a very small portion of its private label merchandise. MMG also offers its services, either directly or indirectly, to unrelated third parties. The principal private label brands offered by the company include Alfani, American Rag, Aqua, Bar III, Belgique, Charter Club, Club Room, Epic Threads, first impressions, Giani Bernini, Greg Norman for Tasso Elba, Home Design, Hotel Collection, Hudson Park, Ideology, I-N-C, jenni, JM Collection, John Ashford, Karen Scott, Maison Jules, Martha Stewart Collection, Material Girl, Morgan Taylor, Studio Silver, Style & Co., Sutton Studio, Tasso Elba, Thalia Sodi, the cellar, and Tools of the Trade. The trademarks associated with all of the foregoing brands, other than American Rag, Greg Norman for Tasso Elba, Martha Stewart Collection, Material Girl and Thalia Sodi are owned by the company. The American Rag, Greg Norman, Martha Stewart Collection, Material Girl and Thalia Sodi brands are owned by third parties, which license the trademarks associated with such brands to Macy’s pursuant to agreements, which have renewal rights that extend through 2050, 2020, 2027, 2030 and 2030, respectively. Macy’s Logistics and Operations, a division of a wholly-owned indirect subsidiary of the company, provides warehousing and merchandise distribution services for the company’s operations and digital customer fulfillment. Seasonality The retail business is seasonal in nature with a high proportion of sales and operating income generated in the months of November and December. Working capital requirements fluctuate during the year, increasing in mid-summer in anticipation of the fall merchandising season and increasing substantially prior to the holiday season when the company must carry significantly higher inventory levels. Competition The retailers with which the company competes include Amazon, Bed Bath & Beyond, Belk, Bon Ton, Burlington Coat Factory, Dillard’s, Gap, J.C. Penney, Kohl’s, L Brands, Lord & Taylor, Neiman Marcus, Nordstrom, Ross Stores, Saks, Sears, Target, TJ Maxx and Wal-Mart. History Macy’s, Inc. was founded in 1830. The company was incorporated under the laws of the State of Delaware in 1985.

 

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