Introduction Macy’s was founded in 1858 in New York City, New York. Macy’s headquarters is in Cincinnati, OH. Macy’s founders were Isidor Straus and Rowland Hussey Macy were. Mr. Macy was an american business man. Macy is a part of two divisions with the other part being Bloomingdale’s in Herald Square. Which is one of the biggest department stores in the world. Mr. Isidor Straus was also a co-owner of Macy’s department store with his brother Nathan. He also was a Representative of the United States House where he serves a short period of time in New York, New York. Isidor Straus passed away in April of 1912. He and his wife were on the RMS Titanic ship that sanked in April 15,1912. By looking at Macy’s financial ratios company of the years of 2014 to 2015 Macy’s net sales were down by almost a million dollars. When comparing Macy’s assets of 2015 …show more content…
Macy’s had a system of the one price or same price for every customer. Macy’s also was the first department store to introduce products like Idaho baked potatoes and colored bath towels. Macy’s was the first department store to hold a New York liquor license by 1918 Macy’s department store was generating about $36 million dollars a year. To celebrate their New American heritage, Macy’s immigrant employees organized the first Christmas parade in 1924. This parade had floats, bands and animals from the zoo. This began the Macy’s Day Thanksgiving Parade which turn out to be over the years one of the biggest parade today. Macy’s department store sells clothes, furniture, cosmetics, jewelry, intimate apparel and beauty products. There are 870 locations in the United States. Macy’s is also located in Gwam and Puerto Rico as well.
FINANCIAL ANALYSIS PAPER