Macy's 2011 Annual Report Download - page 15

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Additional information about the Company’s stores and warehouses, distribution and fulfillment centers (“DC’s”) as of
January 28, 2012 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 ................................................... 105 55 33 17 3 2
North............................................................... 82 65 13 4 2 2
Northeast......................................................... 105 55 41 9 2 2
Northwest........................................................ 126 39 69 18 3 1
Southeast......................................................... 110 72 18 20 3 2
Southwest........................................................ 117 45 48 24 2 2
Midwest .......................................................... 94 56 27 11 2 2
South Central .................................................. 103 77 17 9 3 2
842 464 266 112 20 15
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:
2011 2010 2009
Store count at beginning of fiscal year............................................................ 850 850 847
Stores opened and other expansions ............................................................... 4 7 9
Stores closed ................................................................................................... (12)(7)(6)
Store count at end of fiscal year...................................................................... 842 850 850
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. Mine Safety Disclosures.
Not Applicable.