Macy's, Inc.
Explore Macy's
Core profile pages, annual revenue records, and related research hubs for this company.
Macy's, Inc.
Explore Macy's
Core profile pages, annual revenue records, and related research hubs for this company.
Company History
Founded 1858 in New York, New York, United States
Rowland Hussey Macy opened his New York dry goods store in 1858. The Herald Square flagship opened in 1902 and helped turn Macy's into a national retail symbol. The modern Macy's, Inc. corporate structure emerged through Federated Department Stores' 1994 acquisition of R.H. Macy and the 2005 acquisition of May Department Stores.
Rowland Hussey Macy built the New York dry goods store that became one of America's most recognizable department store brands.
Rowland Hussey Macy opens a dry goods store in New York.
The flagship store opens and becomes central to Macy's public identity.
The Macy's Thanksgiving Day Parade becomes a major national tradition.
Federated Department Stores acquires R.H. Macy & Co.
Federated acquires May Department Stores and later consolidates many regional banners under Macy's.
Macy's adds a prestige beauty specialty retailer.
Macy's launches a strategy to close underperforming stores and invest in stronger locations and growth banners.
Macy's reports $22.621B in total revenue and $642M in net income.
Created the corporate foundation for the modern Macy's, Inc.
Expanded national scale and added regional department store banners later consolidated under Macy's.
Added prestige beauty and specialty retail growth exposure.