Who owns Macy's?

Macy's is owned by Macy's, Inc., a leading American holding company that also operates other well-known retail brands.

Understanding Macy's Ownership

Macy's, a household name in American retail, has a rich history that dates back over a century. Its ownership structure reflects a significant evolution in the department store landscape.

A Legacy of Retail Innovation

Macy's was originally founded as R. H. Macy & Co. in 1858 by Rowland Hussey Macy. From its beginnings, it grew to become one of the most iconic department store chains in the United States, known for its extensive product offerings and flagship stores.

The Path to Macy's, Inc. Ownership

The current ownership of Macy's can be traced back to 1994 when it was acquired by the holding company Federated Department Stores. This acquisition brought Macy's under the umbrella of a larger retail conglomerate. Years later, to reflect its expanded portfolio and the prominence of the Macy's brand, Federated Department Stores underwent a significant corporate renaming. In 2007, Federated Department Stores officially renamed itself Macy's, Inc. This strategic move solidified Macy's, Inc. as the corporate entity overseeing the Macy's chain and its sister brands.

Corporate Structure and Sister Brands

As a division of Macy's, Inc., Macy's operates alongside other notable retail entities. For instance, the Bloomingdale's department store chain has been a sister brand to Macy's since the acquisition by Federated Department Stores in 1994, both now operating under the Macy's, Inc. corporate umbrella.

Here's a brief timeline of key ownership milestones:

In summary, while Macy's began as an independent entity, its ownership evolved through corporate acquisitions and rebrandings, leading to its current status as a flagship brand under Macy's, Inc.