Macy’s Inc. (M), like most retail outlets, is gearing up for the thanksgiving holiday season. They are hiring extra help and planning to be open extra hours. In addition, there are 10-15% discounts to attract customers on this amazingly competitive shopping season. All of the retail stores, such as JCPenney, Target and Wal-Mart are all competing for this holiday business. They all know that consumers will spend less this year because of economic constraints and every store wants to get as much of the sales that they can.
Macys Inc. (M) operates department stores under the names Macy’s and Bloomingdales and also internet stores under those names. The Macy’s stores sell clothes, home furnishings, cosmetics and other consumer goods. Bloomingdales adds jewelry, handbags and intimate apparel into the product mix. Macy’s owns 850 department stores located in 45 states in the U. S. The original Macy’s was founded in 1820 so the chain has 190 years of experience.
The company seems to be managed fairly well with a return on assets of 6.53% and a return on equity of 21.93%.
Some of the directors and staff are: Janine Durborow, Wilberte Paul, Stephen F. Bollenbach, and Karen M. Hoguet.