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Federated Stores

Corporate Headquarters: 7 West Seventh Street
Cincinnati, OH 45202
513-579-7000
NY Headquarters: 151 West 34th Street
New York, NY 10001
212-494-1602
Employees: 210,000
CEO: Terry Lundgren
Stock Symbol: FD

Website: http://www.fds.com

Career Page

Federated is the nation's largest operator of department stores. Federated currently runs more than 850 stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's.

The company announced it will change its name by June to Macy's Group to reflect the national brand of its stores.

Federated also operates macys.com, bloomingdales.com and Bloomingdale's By Mail.

The company sold the Lord and Taylor chain in 2006 to a private equity firm for $1.195 billion in cash. Federated also sold off its bridal division made up of David's Bridal and Priscilla of Boston for $850 million. The sale includes 273 David's Bridal stores and 10 Priscilla of Boston locations.

Federated is also unloading its 507-store After Hours Formalwear business, which includes Mr. Tux stores in New England, to Houston-based Men's Wearhouse for approximately $100 million

Federated headquarters are in Cincinnati with corporate offices also located in New York at Macy's Herald Square.

In fiscal 2006, the company reported revenues of $26.9 billion and net income of $1.8 billion.

In the fourth quarter of 2006, the company opened a new Bloomingdale's in San Diego, CA, and a Bloomingdale's replacement store in Boston, MA. Macy's stores damaged by Hurricane Wilma in 2005 were reopened in Miami and Ft. Lauderdale, FL.

The company plans to open seven new stores in 2007 - Macy's in Bolingbrook, IL, Boston, MA, Collierville, TN, and Austin, TX; a Macy's Furniture Gallery in Lake Grove, NY; and Bloomingdale's in Costa Mesa, CA, and Chevy Chase, MD. In addition, a replacement Macy's Furniture Gallery will open in Littleton, CO.

Here is a breakdown of Federated's regional store operations:

Bloomingdale's
Headquarters: New York, NY
38 stores in California, Florida, Georgia, Illinois, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, Pennsylvania and Virginia.
Macy's East
Headquarters: New York, NY
190 stores in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Virginia, Washington, D.C. and Puerto Rico.
Macy's Florida
Headquarters: Miami, FL
60 stores in Florida.
Macy's Midwest
Headquarters: St. Louis, MO
93 stores in Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Pennsylvania, West Virginia, and western New York.
Macy's North
Headquarters: Minneapolis, MN
63 stores in Illinois, Michigan, Minnesota, North Dakota, northern Ohio, South Dakota and Wisconsin.
Macy's Northwest
Headquarters: Seattle, WA
68 stores in Idaho, Montana, Oregon, Utah, Washington and Wyoming.
Macy's South
Headquarters: Atlanta, GA
156 stores in Alabama, Georgia, Indiana, Kentucky, Louisiana, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and West Virginia.
Macy's West
Headquarters: San Francisco, CA
190 stores in Arizona, California, Colorado, Hawaii, Minnesota, Nevada, New Mexico, Texas and Guam.

History

Federated's history is a combination of many great retailers forming to become one.

Rowland H. Macy opens R.H. Macy & Co. as a dry goods store in New York City in 1858. First-day sales totaled $11.06. First year sales would total $86,000. The Straus family acquired a general partnership with Macy's in 1888.

In 1872, the Bloomingdale Brothers, Inc. was founded in New York City by Lyman and Joseph Bloomingdale. First-day sales totaled $3.68.

In 1902, Macy's moves to Herald Square in New York City. In 1924, Macy's Herald Square location becomes largest store in the world, following completion of 7th Avenue addition. Also, 10,000 people watch Macy's first Thanksgiving Day parade

Federated Department stores was born on March 1929 through the combination of Abraham & Straus of Brooklyn, Filene's of Boston, F&R Lazarus & Co. of Columbus, OH and Bloomingdale's of New York. As the company emerged from the Great Depression and World War II, Federated would experience significant growth. New shopping malls began to sprout across the country beginning in the 1960s and these centers would greatly expand Federated sales as it became anchor tenants in the malls.

Federated acquired May Department Stores in 2005. In September 2006, 400 former May stores around the country converted their names to Macy's. These regional stores include Marshall Field's, Filene's, Hecht's/Strawbridge's, Kaufmann's and Robinsons-May.

The company today operates only Macy's and Bloomingdale's stores, with both brands expanding nationwide.

Benefits

Federated offers medical and dental benefits, short-term disability and group life insurance. Associates receive 20% discount on most regular-priced and sale merchandise (10% on some items).

Federated also offers a 401(k) plan with company match and fully-paid pension.

Special awards are given out during the year to top company sales performers.

New York workers can get a subsidy to cover the costs of commuting to work.

Federated has its own separate site for job seekers at http://www.retailology.com/

Updated March 1, 2007

 

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