Macy's, Inc. (NYSE: M) is a department store holding company and owner of Macy's and Bloomingdale's department stores. Macy's Inc.'s stores specialize mostly in retail clothing, jewelery, watches, dinnerware, and furniture.
Macy's Inc. is headquartered in Cincinnati, Ohio and operates just over 850 stores in the United States. The company's Macy's locations and related operations account for 90 percent of the company's revenue, while luxury-oriented Bloomingdale's stores and associated ventures represent the balance of the company's business. Macy's is well known for its flagship department stores, most notably in New York, San Francisco, Los Angeles, Boston, the former Dayton's in Minneapolis, the former Kaufmann's in Pittsburgh, the former Burdine's in Miami, the former Wanamaker's in Philadelphia, and the former Marshall Field's location in Chicago and the former Famous Barr in St. Louis.
Macy's Inc. was founded as Federated Department Stores in 1929 in Columbus, Ohio. Federated was originally a department store holding company for Abraham & Straus, F&R Lazarus & Company (including its Cincinnati division, then known as The John Shillito Company) and William Filene's Sons of
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