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Macy's

From Simple English Wikipedia, the free encyclopedia
Macy's Department inBoise, Idaho

Macy's (originallyR. H. Macy & Co.) is aNorth Americandepartment store chain, originallyheadquartered inNew York until 1994. Thecompany expanded through buyouts of various department stores and companies. Macy's status as anindependent company ended in 1992 after filing forbankruptcy.[1] The company was later bought byCincinnati-basedFederated Department Stores in 1994.[2] The company moved its headquarters to Cincinnati that year. From 1995-2005 Federated began to fold its less popular chains such as Stern's, Lazarus and many others into Macy's.[3][4] In 2005 Macy's acquired rivalThe May Department Stores Company creating the nation's largest department store holding company, with over 800 locations.[5] On September 9, 2006 Macy's became a national brand after Federated retired the former May regional chains.[6] In 2007 Federated announced it would re-brand to Macy's, Inc. as an effort to focus on the Macy's name.[7] As of 2016 Macy's has stores in 45 states.

References

[change |change source]
  1. "Macy's, Inc. History". Macy’s, Inc. Archived fromthe original on 24 September 2017. Retrieved3 October 2016.
  2. "Federated Department Stores, Inc. History". Funding Universe. Retrieved3 October 2016.
  3. ""Macy's, Inc. History, 1990-1999"".Macy's, Inc. October 17, 2006. Archived fromthe original on September 24, 2017. RetrievedOctober 17, 2016.
  4. ""No More Regional Brands For Federated; Retailer Makes Macy's A National Chain"".National Real Estate Investor. May 25, 2003. RetrievedOctober 17, 2016.
  5. ""Federated-May set $11B deal"".CNN Money. CNN. February 28, 2005. RetrievedOctober 17, 2016.
  6. ""After Smooth Sales Talk, Stores Take Macy's Name"".The New York Times. August 28, 2006. RetrievedOctober 17, 2016.
  7. ""Federated name change to Macy's approved"".NBC News. NBC News. May 18, 2007. RetrievedOctober 17, 2016.
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