Macy's 2009 Annual Report Download - page 18

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Additional information about the Company’s stores and warehouses, distribution and fulfillment centers
(“DC’s”) as of January 30, 2010 is as follows:
Geographic Region
Total
Stores
Owned
Stores
Leased
Stores
Stores
Subject to
a Ground
Lease
Total
DC’s
Owned
DC’s
Mid-Atlantic ....................................... 106 55 32 19 3 2
North ............................................. 67 51 13 3 1 1
Northeast .......................................... 118 62 47 9 2 2
Northwest ......................................... 139 52 69 18 4 1
Southeast .......................................... 119 80 17 22 4 3
Southwest ......................................... 131 56 49 26 4 4
Midwest .......................................... 105 61 28 16 2 2
South Central ...................................... 65 52 9 4 1 1
850 469 264 117 21 16
The eight geographic regions detailed in the foregoing table are based on the Company’s Macy’s branded
operational structure.
The Company’s retail stores are located at urban or suburban sites, principally in densely populated areas
across the United States. Store count activity was as follows:
2009 2008 2007
Store count at beginning of fiscal year ............................................ 847 853 858
New stores opened and other expansions .......................................... 9 11 13
Stores closed ................................................................ (6) (17) (18)
Store count at end of fiscal year .................................................. 850 847 853
Item 3. Legal Proceedings.
On October 3, 2007, Ebrahim Shanehchian, an alleged participant in the Macy’s, Inc. Profit Sharing 401(k)
Investment Plan (the “401(k) Plan”), filed a purported class action lawsuit in the United States District Court for
the Southern District of Ohio on behalf of persons who participated in the 401(k) Plan and The May Department
Stores Company Profit Sharing Plan (the “May Plan”) between February 27, 2005 and the present. The complaint
charges the Company, as well as members of the Company’s board of directors and certain members of senior
management, with breach of fiduciary duties owed under the Employee Retirement Income Security Act
(“ERISA”) to participants in the 401(k) Plan and the May Plan, alleging that the defendants made false and
misleading statements regarding the Company’s business, operations and prospects in relation to the integration
of the acquired May operations, resulting in supposed “artificial inflation” of the Company’s stock price between
August 30, 2005 and May 15, 2007. The plaintiff seeks an unspecified amount of compensatory damages and
costs. The Company believes the lawsuit is without merit and intends to contest it vigorously.
The Company and its subsidiaries are also involved in various proceedings that are incidental to the normal
course of their businesses. As of the date of this report, the Company does not expect that any of such
proceedings will have a material adverse effect on the Company’s financial position or results of operations.
Item 4. Reserved.
12