The new millennium saw Federated make the bold move
of acquiring long-time department store competitor, May
Company. Both companies had very similar histories and
cultures, and both represented decades of roll-ups of local
family-owned department stores. Each had similar sales
volume and stores.
United, a retail powerhouse was created with Macy's
stores in 63 of the top 65 markets. We truly are "America's
Department Store." The acquisition was completed in
August 2005, nearly doubling the size of the company and
making Federated the fourth largest non-food retailer in
the country.
Seventy-nine years after its founding, Macy's, Inc.
(formerly Federated Department Stores, Inc.) is one of the
nation's most successful and respected retail institutions.
The company continues to prosper by adapting and
flowing with new demands on department stores in an
ever-changing society. Embracing the words and
philosophy of one of its founders, Fred Lazarus Jr.,
Macy's, Inc. succeeds by striving to be "a living mirror of
our civilization in which we see the constant changing
needs and wishes of our people."