- Previous Rank425
- Revenues ($M)$24,837
- Revenue Percent Change-3.7%
- Profits ($M)$1,547.00
- Profits Percent Change149.9%
- Assets ($M)$19,381.00
- Employees130,000
The retailer that operates the Macy’s and Bloomingdales department store chains slipped 10 spots on this year’s list, but it ended fiscal year 2017 on a high note, reporting its first quarterly comparable sales increase since the end of 2014. After shuttering some 100 underperforming stores in the past year and seeing its headcount drop by 12% to 130,000, Macy’s is trying to stage a dramatic corporate turnaround amid a reckoning in traditional retail. Its comeback plan includes de-emphasizing discounting, ramping up exclusive products, and boosting its online shopping experience with services like faster delivery.
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Company Information
| CEO | Jeffrey Gennette |
| Sector | Retailing |
| Industry | General Merchandisers |
| HQ Location | Cincinnati |
| Website | http://www.macysinc.com |
| Years on Global 500 List | 24 |
| Employees | 130,000 |
Figures are for fiscal year ended Jan. 31, 2018.
Macy’s Rank History
Key Financials (Last Fiscal Year)
| ($ Millions) | % change | |
|---|---|---|
| Revenues ($M) | $24,837 | -3.7% |
| Profits ($M) | $1,547.00 | 149.9% |
| Assets ($M) | $19,381.00 | - |
| Total Stockholder Equity ($M) | $5,673.00 | - |
Profit Ratios
| Profit as % of Revenues | 6.2% |
| Profits as % of Assets | 8% |
| Profits as % of Stockholder Equity | 27.3% |
