Macy’s (originally R. H. Macy & Co.) can be an American department store chain founded in 1858 by Rowland Hussey Macy. It became a division of the Cincinnati-based Federated SHOPS in 1994, by which it is associated with the Bloomingdale’s department store chain; the holding company was renamed Macy’s, Inc. in 2007. By 2015, Macy’s was the major U.S. department store company by retail sales. By August 1, 2020, there have been 546 stores (607 boxes), including 11 flagships (16 boxes) and 384 magnets (429 boxes), for a complete of 395 core stores (445 boxes), and 94 neighborhood stores (100 boxes, for a complete of 546 full line stores), 48 furniture galleries (53 boxes), 2 furniture clearance centers, 6 freestanding Backstage stores and 1 Market by Macy’s with the Macy’s nameplate in procedure throughout the USA. Its flagship store is situated at Herald Square in the Manhattan borough of NEW YORK. The business had 130,000 employees and earned gross annual earnings of $24.8 billion by 2017.
Macy’s has conducted the twelve-monthly Macy’s Thanksgiving Day Parade in NEW YORK since 1924 and has sponsored the city’s twelve-monthly Fourth of July fireworks display since 1976. Macy’s Herald Square is probably the greatest department stores on the planet. The flagship store covers almost a whole NEW YORK 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 worthiness of Herald Square has been estimated at around $3 billion.