Macy's
Macy's (originally R. H. Macy & Co.) is a North American department store chain, originally headquartered in New York until 1994. The company expanded through buyouts of various department stores and companies. Macy's status as an independent company ended in 1992 after filing for bankruptcy.[1] The company was later bought by Cincinnati-based Federated 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 rival The 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.
International Operations change
Macy's has fully retreated from Asia and China after it announced plans to close down its online retail store on Alibaba's Tmall marketplace except for the Arabic-speaking Middle East region.
Latin America change
Puerto Rico (October 26, 2000 - present)
References change
- ↑ "Macy's, Inc. History". Macy’s, Inc. Archived from the original on 24 September 2017. Retrieved 3 October 2016.
- ↑ "Federated Department Stores, Inc. History". Funding Universe. Retrieved 3 October 2016.
- ↑ ""Macy's, Inc. History, 1990-1999"". Macy's, Inc. October 17, 2006. Archived from the original on September 24, 2017. Retrieved October 17, 2016.
- ↑ ""No More Regional Brands For Federated; Retailer Makes Macy's A National Chain"". National Real Estate Investor. May 25, 2003. Retrieved October 17, 2016.
- ↑ ""Federated-May set $11B deal"". CNN Money. CNN. February 28, 2005. Retrieved October 17, 2016.
- ↑ ""After Smooth Sales Talk, Stores Take Macy's Name"". The New York Times. August 28, 2006. Retrieved October 17, 2016.
- ↑ ""Federated name change to Macy's approved"". NBC News. NBC News. May 18, 2007. Retrieved October 17, 2016.