Macy's 1999 Annual Report Download - page 12
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10
The most effective way to improve a business is to step back and look for fresh approaches
to persistent challenges, with the understanding that conventional wisdom cannot be allowed
to impede success.
Federated made a quantum leap forward
in 1999 toward its objective of recruiting
the brightest and most promising
college graduates for entry-level
executive management training
positions. The company became
the first major retailer – and
among the first major corporations
in any industry – to build and
launch a separate Internet site
specifically for college recruiting.
Since hitting the web in the fall, Federated’s
retailology.com site has attracted thousands of
student visitors – and hundreds of qualified
applicants for full-time and intern positions.
To facilitate professional growth at the
middle- and senior-management levels, the
Federated Leadership Institute was
introduced to provide advanced
training in management skill
development. The Leadership
Institute has been named an
“American Retailing Best Practice” by
American Express and the National Retail
Federation, and more than 400 employees,
including division principals, corporate
executives and store managers benefited
from the program in 1999. This year, the program will be expanded to
encompass management-level merchants and operating executives.
Technology and ingenuity continue to make Federated’s methods
of transacting business more sophisticated and efficient.
New Energy/New Attitudes
New Energy/New Attitudes