Macy's Financial Report

Running head: monetary compendium of Macy’s Financial analysis of Macy’s Casie Liu BAA 510, Fundamentals of Accounting and finance April 30, 2009 Background information Macy’s, Inc. (“Macy’s”) and its predecessors possess been in operation(p) incision stores since 1820. The Company is a retail physical composition operating retail stores and Internet websites downstairs two brands (Macy’s and Bloomingdale’s) that look at a wide range of merchandise, including men’s, women’s and children’s apparel and accessories, cosmetics, home furnishings and other consumer goods. In may 2007, the stockholders of federate segment Stores, Inc. approved changing the name of the party from federalise Department Stores, Inc. to Macy’s, Inc. The name change became effective on June 1, 2007. On August 30, 2005, Macy’s, Inc. (“Macy’s”) completed the acquisition of The whitethorn Depar tment Stores Company (“whitethorn”) by means of a conjugation of whitethorn with and into a wholly-owned subsidiary of Macy’s (the “ conjugation”). Upon the extent of the Merger, the Company acquired May’s approximately euchre subdivision stores and approximately 800 bridal and formalwear stores.

Most of the acquired May department stores were converted to the Macy’s nameplate in September 2006, resulting in a national retailer with stores in almost alto flapher major(ip) markets. As a result of the acquisition and the integrating of the acquired May operations, as of January 31, 2009, the co ntinuing operations of the Company include 8! 47 stores in 45 states, the District of Columbia, Guam and Puerto Rico under the call “Macy’s” and “Bloomingdale’s.”, comprising a total of approximately 154,300,000 square feet. Of much(prenominal) stores, 466 were owned, 263 were chartered and 118 stores were operated under arrangements where the Company owned the building and leased the...If you want to get a full essay, order it on our website: BestEssayCheap.com

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