Macy's Financial Analysis
Macy’s, Inc. is known as the Great American Department Store was established in 1858 and now has 810 stores operating in the United States, coast-to-coast. Macy’s stores nationwide are grouped into 69 geographic districts that average ten to twelve stores each. Most stores are located at urban or suburban areas. As of January 30, 2010, the Company’s operations were conducted through four retail operating divisions – Macy’s, macys.com, Bloomingdale’s, and bloomingdales.com. The Company is a retail organization operating retail stores and Internet websites under two brands (Macy’s and Bloomingdale’s) that sell a wide range of merchandise, including men’s, women’s and children’s apparel and accessories, cosmetics, home furnishings and other consumer goods. Macy’s and Bloomingdale’s branded operations are located primarily in New York which involve central buying, merchandising planning, stores senior management and marketing functions. The business functions, such as finance, human resources, law, property development and supply purchasing are located primarily in Cincinnati.
However, for the purpose of this paper, I will specifically analyze Macys’ inc and utilize the SWOT analysis for Macy’s only, as well as the financial worksheets.
The Company’s retail stores and Internet websites sell a variety of different merchandise which includes men’s, women’s and children’s apparel, accessories, cosmetics, home furnishings and other goods. The merchandise varies by size of store, known as “merchandising character” and “character of customers in the trade areas”.
Macy’s is not your average department store. It is distinctly different from other major retailers of it’s kind. Aside from the department store sales, Macy’s heritage includes special events – the Macy’s Thanksgiving Day Parade, Fourth of July Fireworks, flower shows, fashion extravaganzas, celebrity appearances, cooking demonstrations and holiday traditions such as the arrival of Santa Claus to tree
However, for the purpose of this paper, I will specifically analyze Macys’ inc and utilize the SWOT analysis for Macy’s only, as well as the financial worksheets.
The Company’s retail stores and Internet websites sell a variety of different merchandise which includes men’s, women’s and children’s apparel, accessories, cosmetics, home furnishings and other goods. The merchandise varies by size of store, known as “merchandising character” and “character of customers in the trade areas”.
Macy’s is not your average department store. It is distinctly different from other major retailers of it’s kind. Aside from the department store sales, Macy’s heritage includes special events – the Macy’s Thanksgiving Day Parade, Fourth of July Fireworks, flower shows, fashion extravaganzas, celebrity appearances, cooking demonstrations and holiday traditions such as the arrival of Santa Claus to tree
Cited: "Investor Relations - Macy 's, Inc." Macy 's, Inc. Web. 06 Dec. 2010. <http://www.macysinc.com/ir/>. "M Income Statement | Macy 's Inc Common Stock Stock - Yahoo! Finance." Yahoo! Finance - Business Finance, Stock Market, Quotes, News. Web. 06 Dec. 2010. <http://finance.yahoo.com/q/is?s=M>. Month, By. "Financial Statements - Macy 's, Inc. - Macy 's, Inc." Macy 's, Inc. Web. 06 Dec. 2010. <http://www.macysinc.com/investors/FinancialInformation/Statements.aspx>. Yahoo! Finance - Business Finance, Stock Market, Quotes, News. Web. 06 Dec. 2010. <http://finance.yahoo.com/>.