Macy's 2005 Annual Report Download

Download and view the complete annual report

Please find the complete 2005 Macy's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 18

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18

2005 ANNUAL REPORT
NATIONWIDE BRANDS. REGIONAL DECISIONS. CUSTOMERS FIRST.
FEDERATED DEPARTMENT STORES, INC.

Table of contents

  • Page 1
    F E D E R AT E D D E PA R T M E N T S T O R E S , I N C . N A T I O N W I D E B R A N D S . R E G I O N A L D E C I S I O N S . C U S T O M E R S F I R S T . 2005 ANNUAL REPORT

  • Page 2
    ... - Macy's and Bloomingdale's. Both are known for offering customers quality and fashion in an environment of exciting stores, as well as convenient online shopping sites. As Federated has evolved in recent years from a collection of regional nameplates to two nationwide brands, we have positioned...

  • Page 3
    .... Each Macy's and Bloomingdale's store reflects the lifestyles and needs of the customer who shops that location. We know we will succeed if we keep our eye on the customer. We need to have the right assortments, the right pricing, the right store environments and the right service everywhere we...

  • Page 4
    ... used to acquire The May Department Stores Company and $3,583 million of cash provided by the sale of credit card accounts and related receivables. Net cash provided by continuing operating activities in 2003 benefited from lower income tax payments resulting from the use of Fingerhut net operating...

  • Page 5
    ... stores Macy's South Support Divisions Federated Corporate Services Macy's Corporate Marketing Headquarters: Atlanta, GA 163 stores Macy's West Headquarters: Cincinnati, OH Federated Logistics & Operations Headquarters: New York, NY Macy's Home Store Headquarters: Secaucus, NJ Federated Systems...

  • Page 6
    ... the conversions, Macy's will grow to more than 800 locations and Bloomingdale's will add at least four new locations. • We also entered into a strategic alliance with Citigroup by selling Federated's proprietary and co-branded Visa credit card receivables to Citigroup. The sale involves multiple...

  • Page 7
    ...flagship in New York City. Bloomingdale's will be growing again in 2006 and 2007 with the conversion of four former May Company locations in Southern California, Boston and suburban Washington, D.C., as well as the opening of a spectacular new West Coast flagship store in San Francisco. An Exciting...

  • Page 8
    ... businesses at Bloomingdale's. More than one-third of Macy's sales in 2005 came from unique and distinctive product. This included Macy's exclusive private brands - such as I.N.C, Charter Club, Alfani, Style & Co., American Rag, Greendog, Hotel Collection and Tools of the Trade - which reached...

  • Page 9
    ..., private brands at Macy's are positioned to appeal to the lifestyle needs of our core customer. We've learned that lifestyle - not age, demographics or income - is the key determining factor in what customers buy, how they shop and the value they expect. Macy's also works closely with market...

  • Page 10
    ... in areas such as ready-to-wear, kids and soft home. Selected items from our private brands, as well as market brands, are included in the program. With Everyday Value our customers don't need to have a coupon or wait for merchandise to go on sale. Our second price simplification initiative...

  • Page 11
    ... Macy's and former May Company stores, allowing customers to understand the price even before they buy. Wayfinding signs are guiding shoppers through hundreds of Macy's stores, while shopping buggies are helping customers navigate home merchandise departments and making shopping easier. Bloomingdale...

  • Page 12
    ..., the value inherent in our pricing and the excitement in our stores. Our print and broadcast ads, mailers, signage, shopping bags, visual merchandising, community involvement and public relations - all integrated and working together - educate our customer and set the tone. At Bloomingdale's, the...

  • Page 13
    ...luxury expand to multiple new markets across the country. In 2005, for example, Macy's adopted a distinctive and energetic photographic style for its fall and holiday marketing campaigns, including television commercials, in-store signage, customer mailers and national ads in magazines such as Vogue...

  • Page 14
    .... Additionally, Federated's Supplier Diversity Program seeks to source goods and services - either for resale or in support of business operations - from qualified minority- and women-owned enterprises. In 2005, these purchases totaled $491.8 million. "Diversity is a holistic strategy that is...

  • Page 15
    ... through customer and employee initiatives such as the Thanks for Sharing gift rewards program, a nationwide relief campaign for victims of Hurricane Katrina, and cause-related activities on behalf of breast cancer research. Macy's has extended through 2010 its national sponsorship of the American...

  • Page 16
    ...Investor Relations Department 7 West Seventh Street Cincinnati, OH 45202 TRANSFER AGENT FOR FEDERATED SHARES: The Bank of New York Shareholder Relations Department Church Street Station P.O. Box 11258 New York, NY 10286-1258 1-800-524-4458 VISIT US ON THE INTERNET: www.fds.com • www.bloomingdales...

  • Page 17
    ...Sluzewski Corporate Communications & External Affairs Ronald W. Tysoe Vice Chair Cynthia Ray Walker Area Research Karen M. Hoguet Executive Vice President & Chief Financial Officer Felicia Williams Internal Audit Michael Zorn Employee Relations Division Senior Executives BLOOMINGDALE'S Michael...

  • Page 18
    7 West Seventh Street Cincinnati, OH 45202 151 W. 34th Street New York, NY 10001 www.fds.com www.macys.com www.bloomingdales.com