Macy's 2010 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 29, 2011 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 ...................................... 107 55 33 19 3 2
North ............................................ 84 65 15 4 2 2
Northeast ......................................... 104 54 41 9 2 2
Northwest ........................................ 126 39 69 18 3 1
Southeast ......................................... 110 72 17 21 3 2
Southwest ........................................ 117 45 48 24 3 3
Midwest ......................................... 96 58 27 11 2 2
South Central ..................................... 106 79 18 9 3 2
850 467 268 115 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:
2010 2009 2008
Store count at beginning of fiscal year ............................................ 850 847 853
New stores opened and other expansions .......................................... 7 9 11
Stores closed ................................................................ (7) (6) (17)
Store count at end of fiscal year .................................................. 850 850 847
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 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 lawsuit has been
conditionally certified as a class action. The complaint alleges that the Company, as well as members of the
Company’s board of directors and certain members of senior management, breached various fiduciary duties
owed under the Employee Retirement Income Security Act (“ERISA”) to participants in the 401(k) Plan and the
May Plan, by making 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 and “imprudent investment” by the 401(k) Plan and the May Plan in Macy’s stock.
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