Macy's

Macy's, Inc. is the largest department store operator in the U.S. with 798 stores (as of January 2013). The holding company is headquartered in Cincinnati, Ohio. Particularly well known is the parent company in New York City, which bills itself as the largest department store in the world. The company is listed on the New York Stock Exchange.

History

Macy's was in New York City on the corner of 6th on October 28, 1858 Avenue/14. Street as R. H. Macy & Company was founded. Founders was Rowland Hussey Macy former whalers. As a company logo, he chose a red star, which he wore as a tattoo from his seafaring time. Later moved Macy's in the 18th Street and Broadway, to which was one of the most expensive shopping streets in the 19th century.

As a Macy died in 1877, his original small shop had grown to eleven buildings. After his death, the shop expanded among the brothers Nathan and Isidor Straus on. The brothers managed under the Macy porcelain and glassware department. After moving to the main house can be found on Herald Square since 1902. Isidor Straus and his wife died in 1912 in the sinking of the Titanic.

To 1920/1930 began Macy's to open stores in other cities. Regardless of the company Federated Department Stores ( Federated short or FDS ) was 1929 in Columbus, Ohio, founded as a holding company of the entities Abraham & Straus, F & R Lazarus & Company and William Filene's Sons. 1930 was added in Bloomingdale's. 1945 FDS moved its headquarters to Cincinnati, Ohio. In the coming decades, followed by further acquisitions. In 1990, Federated went bankrupt after the hostile takeover of a competitor. After conversion into a public limited company, the company could be continued in 1992 and took over in December 1994, RH Macy & Co., which were in turn went bankrupt in 1992.

2003 named Federated Department Stores all his houses with the exception of Bloomingdale's Macy's back in order. 2005, May Department Stores were taken, resulting in the biggest department store chain in the United States was born. In June 2007, the holding in Macy 's, Inc. was renamed. Currently ( early 2008 ) operates this umbrella company more than 810 department stores under the Macy's brand and 40 stores under the brand Bloomingdale's. The company is represented in 45 U.S. states, the District of Columbia, Guam and Puerto Rico.

Since the beginning of the 21st century had to Macy's repeatedly leave parts of the company and make savings, while also degrade several thousand jobs.

The flagship store in New York today

The main house of Macy's in New York with 198,500 m² generally regarded as the largest department store in the world viewed (for comparison: the KaDeWe in Berlin has 60,000 m²). The building has 10 floors. Approximately 3,000 employees are working there today. The value of goods in the warehouse is approximately U.S. $ 700 million. In the Flower Show, you can see 200,000 plants.

As tradition applies the processing performed in New York since 1927 Macy 's Thanksgiving Day Parade. It is annually monitored directly by approximately 250,000 visitors and also broadcast live on television. Such Parade is also seen in the film The Miracle of Manhattan, in the action Macy's plays a big role.

Even the fireworks on July 4 ( the anniversary of the Declaration of Independence of the United States) is sponsored by Macy's.