Macy's 2002 Annual Report Download - page 2

COMMUNITY INVOLVEMENT
Each Federated department store division 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 2002, cash contributions to charitable organizations
by Federated, its divisions and subsidiaries – including
those made by the Federated Department Stores
Foundation – totaled approximately $14.7 million.
Partners in Time, the company’s nationally recognized
employee volunteer program, involves all divisions
and support operations. In 2002, more than 60,000
volunteers gave more than 116,000 hours of time –
valued at nearly $2 million – 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
relationships 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 management/professional ranks,
67 percent of our executives are women and 24 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 2002,
these purchases totaled more than $343 million.
ONE OF THE NATION'S LEADING DEPARTMENT STORE RETAILERS,
FEDERATED DEPARTMENT STORES, INC. CURRENTLY OPERATES MORE THAN
450 STORES IN 34 STATES, GUAM AND PUERTO RICO UNDER THE NAMES
OF BLOOMINGDALE’S, THE BON MARCHÉ, BURDINES, GOLDSMITH’S,
LAZARUS, MACY’S AND RICH’S–MACY’S. IT ALSO OPERATES MACYS.COM,
BLOOMINGDALE’S BY MAIL, AND A NETWORK OF ONLINE BRIDAL GIFT
REGISTRIES OPERATED IN CONJUNCTION WITH WEDDINGCHANNEL.COM.