Macy's 2003 Annual Report Download - page 2

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ONE OF THE NATION'S LEADING
DEPARTM ENT STORE RETAILERS,
FEDERATED DEPARTM ENT STORES, INC.
OPERATES MORE THAN 450 STORES IN 34 STATES, GUAM AND PUERTO RICO UNDER
THE NAMES OF MACY'S, BLOOMINGDALE'S, BON-MACY'S, BURDINES-MACY'S,
GOLDSMITH'S-MACY'S, LAZARUS-MACY'S AND RICH'S-MACY'S. THE COMPANY ALSO
OPERATES MACYS.COM AND BLOOMINGDALE'S BY MAIL.
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 2003, cash contributions to charitable organizations by
Federated, its divisions and subsidiaries – including those made
by the Federated Department Stores Foundation – totaled
approximately $14.9 million.
Partners in Time, the company’s nationally recognized
employee volunteer program, involves all divisions and support
operations. In 2003, more than 50,000 volunteers gave nearly
110,000 hours of time – valued at more than $1.8 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, 65 percent
of our executives are women and 25 percent are racial minorities.
This ranks 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 2003, these purchases totaled
more than $365 million.