Macy's (originally R. H. Macy & Co.) is an American department store chain founded in 1858 by Rowland Hussey Macy. It was originally named after Macy Stevenson who was the daughter of Mr. Stevenson. It became a division of the Cincinnati-based Federated Department Stores in 1994, through which it is affiliated with the Bloomingdale's department store chain; the holding company was renamed Macy's, Inc. in 2007. As of 2015, Macy's was the largest U.S. department store company by retail sales. As of February 1, 2020, there were 551 stores (613 boxes), including 11 flagships (16 boxes) and 385 magnets (431 boxes), for a total of 396 core stores (447 boxes), and 96 neighborhood stores (102 boxes, for a total of 549 full line stores, including 212 that feature Backstage, 20 that feature Bluemercury and 36 that feature STORY), 49 furniture galleries (54 boxes), 4 furniture clearance centers and 6 freestanding Backstage stores with the Macy's nameplate in operation throughout the United States, Puerto Rico, and Guam. Its flagship store is located at Herald Square in the Manhattan borough of New York City. The company had 130,000 employees and earned annual revenue of $24.8 billion as of 2017.Macy's has conducted the annual Macy's Thanksgiving Day Parade in New York City since 1924 and has sponsored the city's annual Fourth of July fireworks display since 1976. Macy's Herald Square is one of the largest department stores in the world. The flagship store covers almost an entire New York City block, features about 1.1 million square feet of retail space, includes additional space for offices and storage, and serves as the endpoint for the Thanksgiving Day parade. The value of Herald Square has been estimated at around $3 billion.\n\n
Macy's