Macy’s Investor Relations Material
Iconic Department Store
Macy's is an American department store chain. The company sells a wide range of products, Macy's offers everything from clothing and accessories to home furnishings and beauty products, catering to a diverse customer base. Macy's operates numerous stores across the United States and also has a significant online presence
Founded in the mid-1800s
Macy's was founded in 1858 by Rowland Hussey Macy in New York City and has grown from a single dry goods store into one of America's most recognized department store chains. Its flagship store in Herald Square opened in 1902 was once the world's largest store and remains a popular spot to shop to this day. A significant part of Macy's heritage is its famous Thanksgiving Day Parade, first held in 1924. This parade features large balloons, floats, and performances, attracting millions of spectators both in-person and via television. Over the years, Macy's has become deeply ingrained in American culture and remains one of the most popular department store chains in the country.
Macy's operates as a nationwide chain of department stores in the United States, known for its broad assortment of merchandise including clothing, accessories, cosmetics, home goods, and essential groceries and snacks. Macy's stores are strategically located in urban and suburban areas, often serving as anchor stores in shopping malls. The company emphasizes customer service, offering personalized shopping experiences, and often hosts events and sales. Some of the closest competitors to Macy’s include names such as Target, Nordstrom, and Kohl's.
Macy's complements its network of department stores with a robust online shopping platform, enabling customers to browse and purchase a wide array of products from their website. This online presence allows shoppers to find products otherwise sold in the stores online. Customers can also take part in online-exclusive deals, and the option for in-store pickup or home delivery.