Macy's 2005 Annual Report Download - page 14

page ten
A Culture of Diversity
and Inclusion
Macy’s and Bloomingdale’s stores serve a culturally
diverse marketplace, and about 30 percent of our core
customers are racial and ethnic minorities. Recognizing
the importance of attracting and reflecting our diverse
customers, Federated sees inclusion as a business imperative
and an integral part of our company’s core values.
By connecting with diverse customers, associates,
communities and vendors, Federated distinguishes
itself from other retailers and gives the company a clear
competitive advantage. On a day-to-day basis, diversity
manifests itself in the respectful way we treat our customers,
vendors, members of our communities and one another.
Our workforce initiatives include talent acquisition
and succession management, diversity training through
workshops and computer-based training, and events
sponsored by diversity councils and affinity groups.
A commitment to an inclusive work environment allows
us to attract and retain a talented workforce and encourage
creative thinking and innovation, which are at the heart of
our success.
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 aligned with
our business priorities.”