Macy's 2001 Annual Report Download - page 2

CO MMUN ITY
IN VO LVEMEN T
Each Federat ed depart ment st ore division is
well established in it s operat ing areas.
The company believes in giving back t o t he
communit ies f rom which it draws st rengt h
and sust enance. Federat ed underst ands t hat
st ronger, healt hier and more vibrant
communit ies provide bet ter environment s
f or our st ores t o do business and f or our
employees and cust omers t o live and work.
In 2001, cash cont ribut ions t o charit able
organizat ions by Federat ed, it s divisions and
subsidiaries – including t hose made by t he
Federat ed Depart ment Stores 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 volunt eers gave
nearly 116,000 hours of t ime – t ouching
nearly every segment of American society.
DIVERSITY
As t he leading retailer in some of America’s
largest and most diverse met ropolit an areas,
Federat ed prides it self on aggressively encouraging
inclusion of individuals of all t ypes wit hin it s
workf orce, vendor relat ionships and cust omer
base. M anagement ’s philosophy is int ended t o
help ensure t hat appreciat ion f or t he unique
charact erist ics and st rengt hs of every person is
pervasive at every level of t he company.
Of Federated’s t ot al management /professional
ranks, 68 percent of our execut ives are
women and 23 percent are racial minorit ies.
This makes Federated among t he leaders in
diversit y in our industry, as well as among
major U.S. corporat ions.
Addit ionally, Federated’s vendor development
program seeks t o source goods and services –
eit her f or resale or in support of business
operat ions – f rom qualif ied minorit y- and
women- owned ent erprises. In 2001, t hese
purchases t ot aled approximately $300 million.
One of the nation's leadi
Federat ed Depart ment Stores, Inc. current ly operat es more t han 450 st ores
in 34 st at es, Guam and Puert o Rico under t he names of Bloomingdale’s,
The Bon Marché, Burdines, Goldsmit h’s, Lazarus, Macy’s and Rich’s. It also
operat es macys.com, Bloomingdale’s By M ail, and a network of online
bridal gif t regist ries operat ed in conjunct ion wit h WeddingChannel.com.