Macy's 2009 Annual Report Download - page 10

competitors and delivers exceptional value to its customers. The principal private label brands currently
offered by Macy’s include Alfani, American Rag, Charter Club, Club Room, Epic Threads, first
impressions, Giani Bernini, greendog, Holiday Lane, Hotel Collection, I-N-C, jenni by jennifer moore,
John Ashford, JM Collection, Karen Scott, Martha Stewart Collection, Morgan Taylor, Style & Co.,
Tasso Elba, the cellar, Tools of the Trade, and Via Europa. The trademarks associated with all of the
foregoing brands, other than the American Rag and Martha Stewart Collection brands, are owned by
Macy’s. The American Rag and Martha Stewart Collection brands are owned by third parties, which
license the trademarks associated with such brands to Macy’s pursuant to agreements which are
presently scheduled to expire in 2050 and 2027, respectively.
• Macy’s Logistics and Operations (“Macy’s Logistics”), a division of a wholly-owned indirect
subsidiary of the Company, provides warehousing and merchandise distribution services for the
Company’s operations.
MMG also offers their services, either directly or indirectly, to unrelated third parties.
The Company’s executive offices are located at 7 West Seventh Street, Cincinnati, Ohio 45202, telephone
number: [phone] and 151 West 34th Street, New York, New York 10001, telephone number:
[phone].
Employees. As of January 30, 2010, the Company had approximately 161,000 regular full-time and part-
time employees. Because of the seasonal nature of the retail business, the number of employees peaks in the
holiday season. Approximately 10% of the Company’s employees as of January 30, 2010 were represented by
unions. Management considers its relations with its employees to be satisfactory.
Seasonality. The retail business is seasonal in nature with a high proportion of sales and operating income
generated in the months of November and December. Working capital requirements fluctuate during the year,
increasing in mid-summer in anticipation of the fall merchandising season and increasing substantially prior to
the holiday season when the Company must carry significantly higher inventory levels.
Purchasing. The Company purchases merchandise from many suppliers, no one of which accounted for
more than 5% of the Company’s net purchases during 2009. The Company has no material long-term purchase
commitments with any of its suppliers, and believes that it is not dependent on any one supplier. The Company
considers its relations with its suppliers to be satisfactory.
Competition. The retailing industry is intensely competitive. The Company’s stores and direct-to-customer
business operations compete with many retailing formats in the geographic areas in which they operate, including
department stores, specialty stores, general merchandise stores, off-price and discount stores, new and
established forms of home shopping (including the Internet, mail order catalogs and television) and
manufacturers’ outlets, among others. The retailers with which the Company competes include Bed Bath &
Beyond, Belk, Bon Ton, Burlington Coat Factory, Dillard’s, Gap, J.C. Penney, Kohl’s, Limited, Lord & Taylor,
Neiman Marcus, Nordstrom, Saks, Sears, Target, TJ Maxx and Wal-Mart. The Company seeks to attract
customers by offering superior selections, obvious value, and distinctive marketing in stores that are located in
premier locations, and by providing an exciting shopping environment and superior service through a multi-
channel experience. Other retailers may compete for customers on some or all of these bases, or on other bases,
and may be perceived by some potential customers as being better aligned with their particular preferences.
Available Information. The Company makes its annual reports on Form 10-K, quarterly reports on
Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to
Section 13(a) or 15(d) of the Exchange Act available free of charge through its internet website at
http://www.macysinc.com as soon as reasonably practicable after it electronically files such material with, or
furnishes it to, the SEC. The public also may read and copy any of these filings at the SEC’s Public Reference
Room, 100 F Street, NE, Washington, D.C. 20549. Information on the operation of the Public Reference Room
may be obtained by calling the SEC at 1-800-732-0330. The SEC also maintains an Internet site that contains the
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