Macy’s Annual Report Project

In: Business and Management

Submitted By jasmine13
Words 1523
Pages 7
Executive Summary Macy’s, Inc. is one of the Nation’s Premier Retailers, with Fiscal 2010 sales of $25.0 billion. Macy’s, Inc. operates the Macy’s and also Bloomingdale’s brands. The company has approximately 850 department stores in 45 states, DC, Guam and Puerto Rico, and also the macys.com and Bloomingdales.com websites. Macy’s, Inc. also operates four Bloomingdale’a outlet stores. Macy’s, Inc. has been a strong company and has maintained stable earnings in the midst of an economic recession. After analyzing the long term debt strategies to decrease the cost of capital, the investors grew confidence in 2010. Introduction
Macy’s, Inc was established in 1858. It has been named the Great American Department Store-an iconic retailing brand with nearly 810 stores operating coast to coast and online at macys.com. (website) In my reading I noticed that Macy’s is distinctly different from other major retailers. Macy’s Chairman, President and Chief Executive Officer is Terry J. Lundgren. The fiscal year for 2010 ended on December 31, 2010. Bloomingdale’s performance was strong in 2010 with sales growth that compared favorably to its upscale competitors. The impact of all of these fundamental changes began coming to fruition in 2010. Simply put, it was a terrific year.
• Same-store sales were up 4.6 percent.
Additional information about the Company’s stores and warehouses, distribution and fulfillment centers (“DC’s”) as of January 29, 2011 is as follows: Stores
Geographic Region Subject to Total Owned Leased a Ground Total Owned Stores Stores Stores Lease DC’s DC’s

Mid-Atlantic . . . . . . . . . . . . . . . . . . . . . . . 107 55 33 19 3 2
North . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84 65 15 4 2 2
Northeast . . . . . . . . . . . .…...

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