Macy's 2000 Annual Report Download - page 3

Community Involvement
Each Federated department store division and direct-to-customer
subsidiary is well established in its operating areas.
The company believes in giving back to the communities from
which it draws strength and sustenance. Federated understands that
stronger, healthier and more vibrant communities provide better
environments for our stores to do business and for our employees
and customers to live and work.
In 2000, cash contributions to charitable organizations by Federated,
its divisions and subsidiaries – including those made by the Federated
Department Stores Foundation – totaled approximately $16.3 million.
A significant and growing percent of direct giving was devoted to two
areas of strategic focus – women’s issues and HIV/AIDS.
Partners in Time, the company’s nationally recognized employee
volunteer program, involves all divisions and support operations.
In 2000, more than 53,500 volunteers gave nearly 102,300 hours
of time – touching nearly every segment of American society.
Diversity
As a leading retailer in some of America’s largest and most diverse
metropolitan areas, Federated prides itself on aggressively encouraging
inclusion of individuals of all types within its workforce, vendor relation-
ships and customer base. Management’s philosophy is intended to help
ensure that appreciation for the unique characteristics and strengths of
every person is pervasive at every level of the company.
Of Federated’s total workforce, approximately 76 percent are women
and 44 percent belong to a racial minority group. In management ranks,
66 percent of our executives are women and 23 percent are racial
minorities. This makes Federated among the leaders in diversity in our
industry, as well as among major U.S. corporations.
Additionally, Federated’s vendor development program seeks to source
goods and services – either for resale or in support of business
operations – from qualified minority- and women-owned enterprises.
In 2000, these purchases totaled approximately $317 million.
Federated Department Stores, Inc.,
is one of the nation's leading department store retailers. Federated currently operates
more than 425 department stores in 33 states and Puerto Rico under the names of
Bloomingdale's, The Bon Marché, Burdines, Goldsmith's, Lazarus, Macy's and Rich's,
as well as
macys.com, bloomingdales.com and Bloomingdale's By Mail. Federated also
operates the Fingerhut catalog and e-commerce subsidiary.