Macy's 2001 Annual Report Download

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2001 Annual Report
Standing Still
Gets You
Nowhere...

Table of contents

  • Page 1
    2001 Annual Report Standing Still Gets You Nowhere...

  • Page 2
    ... and subsidiaries - including t hose made by t he Federat ed Depart ment St ores Foundat ion - t ot aled approximat ely $15.2 million. Part ners in Time, t he company's nat ionally recognized employee volunt eer program, involves all divisions and support operat ions. In 2001, more t han 68,800...

  • Page 3
    ng department store retailers...F I N A N C I A L H I G H L I G H T S O P E R A T I O N S C O N ...axes, depreciat ion, amort izat ion, and unusual it ems in 2001 and 2000. $15.9 14.7% $15.5 $14.8 $15.5 13... ores closed and not replaced, discont inued businesses and 53rd week of 2000) EBITDA From ...

  • Page 4
    Because we believe st anding st ill get s you nowhere, Federat ed is moving aggressively across a number of f ront s t o rest ore sales growt h, increase prof it abilit y and improve ret urn on invest ment .

  • Page 5
    ...a more compelling business proposit ion f or our cust omers t o drive sales growt h. We will not st and st ill unt il t his is accomplished. To achieve t his goal, our object ives are clear: • We will improve t he shopping experience f or our cust omers, making it easier and f ast er t o purchase...

  • Page 6
    ...in growing our junior 's and young men 's businesses, which signif icant ly out perf ormed t he rest of t he st ore in t he last year; • opening of a new prot ot ype depart ment st ore - Lazarus at East on Cent er in Columbus, OH - where we are t est ing an array of new service and merchandising...

  • Page 7
    ... ing a signif icant improvement in earnings and ret urn on invest ment . We plan t o open 14 new st ores t his year - 11 new depart ment st ores, t wo Bloomingdale's home st ores in Las Vegas and Chicago, and a new Burdines Furnit ure Gallery in Fort Lauderdale - and we will cont inue t o t est and...

  • Page 8
    ... e brands - including Chart er Club, I.N.C, Alf ani, The Cellar, Greendog, St yle & Co., Jennif er M oore, First Impressions, Tools of t he Trade and Arnold Palmer - will cont inue t o grow t heir presence t hroughout t he st ore wit h new lines, merchandising programs, sales promot ions and market...

  • Page 9
    ... in you nowhere. Tracks â- So Federat ed is commit t ed t o t aking specif ic niche opport unit ies wit hin t he men 's sport swear depart ment . M eanwhile, Federat ed 's best - selling I .N .C brand has enlist ed Heat her M ills, a celebrat ed model and act ivist , t o represent it s new line of...

  • Page 10
    ... locat ed in suburban cent ers or will st and alone in high- pot ent ial t rading areas. To satisfy the customer...Depart ment st ores rely on knowledgeable sales st af f s - t he service t hey provide and t he relat ionships t hey build - t o sat isf y cust omers and build a loyal client ele. Even...

  • Page 11
    ... in t he way merchandise is organized, displayed and signed. Technology will cont inue t o make t ransact ions f ast er and easier, t o communicat e usef ul inf ormat ion direct ly t o cust omers t hrough in- st ore comput er t erminals and displays, and even t o st reamline bridal regist ry select...

  • Page 12
    ...Direct or of St ores Rudolph J. Borneo Vice Chairman & Direct or of St ores Federated Merchandising Group Janet E. Grove Chairman Federated Logistics, Operations, Store Planning & Systems Tom Cole Chairman Pet er R. Sachse President Macy's East Harold D. Kahn Chairman Rich's/Lazarus/ Goldsmith...

  • Page 13
    ..., FL Burdines Danielle Maple West Covina, CA Macy's West Sally Zaki Short Hills, NJ Bloomingdale's George (King) Knoch Seminole, FL Burdines Anne Salem Pleasanton, CA Macy's West Renee Layton Pocatello, ID The Bon Marché Joseph Gahr Yonkers, NY Macy's East Hyacinth Allen Atlanta, GA Rich...

  • Page 14
    7 West Seventh Street Cincinnati, Ohio 45202 www.federated-fds.com