Macy's, Inc. (owner of Bloomingdale's, Inc)
Jump to Macy's, Inc.: Alerts;
• Federated Department Stores' 2005 merger with main rival May Department Stores created the retail giant, Macy's, Inc, which also owns the upscale chain Bloomingdale’s.
• Accusations of racial profiling and other forms of discrimination taint Macy's record, and the company has been questioned for anticompetitive activities.
• Macy's does have a supplier code of conduct to which it holds vendors accountable, but labor violations are still reported on a regular basis.
• Go Green and look for Fair Trade and sweatshop-free garments.
-- Profile Updated 04/25/2011
About Macy's, Inc.
Cincinnati-based Macy's, Inc. operates more than 824 stores nationwide, including the upscale chain, Bloomingdale's. In 2005, the company acquired its primary rival, May Department Stores, for $11 billion in stock, making it the premier department store giant in the nation. After this merger, the retail giant changed its name from Federated Department Stores to Macy's, Inc, which reported sales of $26.9 billion in FY 2007, and employed 188,000 people.
Advertex Communications Inc. - New York, NY
- Bloomingdale's - New York, NY
- bloomingdales.com - New York, NY
bloomingdales.com - New York, NY
- Burdines - Miami, FL
- Cheshire Direct - Cheshire, CT
- Facs Group Inc. - Mason, OH
- Federated Logistics & Operations (FLO) - Secaucus, NJ
- Federated Merchandising Group (FMG) - New York, NY
- Federated Systems Group (FSG) - Duluth, GA
- Financial Administrative and Credit Services (FACS) Group - Mason, OH
- Macy's - Honolulu, HI
- Macy's - San Francisco, CA
- Macy's East - New York, NY
- Popular Club Plan - Garfield, NJ
- Rich's-Macy's/Lazarus-Macy's/Goldsmith's-Macy's - Atlanta, GA
- Tennessee Distribution Inc. - Piney Flats, TN
- The Bon Marche, Inc. (Other) - Seattle, WA
Contact Macy's, Inc.
Cincinnatti, OH 54202 USA
Compare Macy's, Inc. to other companies in these industries
In early 2009, Macy's, Inc announced plans to cut 7,000 jobs, or 4 percent of its workforce. While no stores are expected to close, the layoffs will affect about 40 percent of executive positions in addition to 5,100 jobs in the chain's 850 stores. The cuts come in response to slumping retail sales and the tumultuous economic environment.
-- Daily Business Review, 02/02/2009
Forbes did a piece on the current use of child labor around the world and linked the practice to brands such as GapKids, Macy's, Ikea, Lowe's and Home Depot. The retailers say they are aware of child-labor problems and use strict policies to combat them but the magazine states that "there are many links in a supply chain, and even a well-intentioned importer can't police them all."
-- Forbes, 01/31/2008
Source URL: http://www.forbes.com/forbes/2008/0225/072.html
According to Washington, D.C. based Rugmark, an organization focused on ending illegal child labor in the carpet industry, Federated Department Stores was engaged in ongoing dialogue about carrying Rugmark-certified rugs. Federated executives expressed openness toward getting Rugmark products into their stores; however, they have been very slow to enact any changes and the acquisition of May Department Store Company further disturbed the process. Federated is a major rug retailer in the U.S. and its purchasing of Rugmark-certified products would have a significant impact on the fight to eliminate forced child labor in the rug industry.
-- Rugmark, 09/01/2005
Source URL: www.rugmark.org
Sweatshop Watch reported in March of 2004 that the remaining 500 workers at the Tarrant Apparel Group's factory in Ajalpan, Mexico, were fired after trying to organize a union. The mass firing brought to 5,000 the number of Tarrant layoffs in Mexico since union organizing began in June 2003. Workers allege working 24-hour shifts for Tarrant, without overtime pay or the profit-sharing bonuses mandated under Mexican law. Tarrant denies the charges and says losing contracts to China forced the layoffs. Federated inked a deal with Tarrant in April 2004 to begin production on a line of clothing called "American Rag" to be sold at Macy's.
-- Sweatshop Watch, 04/01/2004
Source URL: www.sweatshopwatch.org/index.php?s=89
In June 2002, Federated Department Stores was one of a handful of companies (including Home Depot and Dayton Hudson) that declined a U.S. Department of Labor request to make public whether they employed a system of labeling or a code of conduct protecting against child labor in their supply chains. In April of 2002, Pax World representatives met with Federated Department Stores investors to discuss stocking their stores with Rugmark-certified rugs. Federated was a natural target for this campaign because of the volume of their sales and their unparalleled ability to set new industry standards.
-- Pax World Funds, 06/01/2002
Source URL: www.paxworld.com/News19/story4.htm
Ethics and Governance
In 2009, the CEO of Macy's Inc, Terry J. Lundgren received $16,092,487 in total compensation. The median worker, however, made $33,190 in 2010. Thus, Lundgren made 484 times the median worker's pay.
-- AFL-CIO, 04/25/2011
In 2006, T. Lundgren , President and CEO, made $15,647,117 in total compensation including stock option grants from Federated Dept. Stores. Terry J. Lundgren has another $23,162,092 in unexercised stock options from previous years.
-- AFL-CIO, 04/05/2006
In 2005, Macy's paid $600,000 to settle a 2003 civil rights lawsuit that alleged the stores in New York City employed a pattern of racial profiling that discriminated against black and other minority shoppers. The suit was filed after a black woman was handcuffed and detained in a holding cell, and pressured to make a false confession, even though she had presented receipts for the items she had bought at the company's flagship Herald Square store. Under terms of the settlement, the company said it also agreed to change its training practices to ensure that security officers do not use racial profiling to detect shoplifters.
-- Reuters, 01/14/2005
Source URL: none available
In January 2005, James M. Zimmerman, the retired chairman and chief executive of Federated Department Stores, was indicted for perjury over statements he made in 2004 to investigators from the New York State attorney general's office looking into alleged anticompetitive activities by the company. Prosecutors allege Zimmerman lied under oath on April 9, when he was asked whether he had discussed ways to keep Bed, Bath & Beyond stores from selling Lenox tableware and Waterford Wedgwood USA crystal and china products. Zimmerman pled not guilty to the charges.
The case was later dismissed.
-- Saint Paul Pioneer Press, 01/05/2005
Source URL: none available
Macy's paid $3 million to disabled customers who shopped at its California stores since 1995 and agreed to widen its aisles to 32 inches in the stores in a settlement for a class-action lawsuit that claims the company violated the Americans with Disabilities Act. The law requires main store aisles to be 36 inches wide; actual footage in many aisles had been narrowed to 17 inches. A partial settlement in December 2001 required Macy's to widen entrances, fitting rooms and rest rooms in its 75 California stores.
-- San Francisco Chronicle, 02/13/2004
Health and Safety
In 2003, Federated Department Stores, Kmart and JCPenney were among the list of retailers implicated for selling costume jewelry containing unsafe levels of lead. The Center for Environmental Health selected hundreds of pieces of costume jewelry to undergo safety testing, and more than one-third of the items chosen had concentrations of lead that could pose a significant health risk to children and adults alike.
-- Center for Environmental Health, 01/27/2006
Source URL: www.cehca.org/jewelry.htm
Although many retailers started pulling business out of Burma in recognition of the widespread human rights violations by the country's ruling military junta, Federated Department Stores had ties to Burma until early 2003.
In July 2003, Congress made it illegal to import garments from Burma into the United States.
-- Campaign for Labor Rights, 03/14/2003
-- Forest Ethics, 12/09/2009