Macy's 2012 Annual Report Download - page 15

Download and view the complete annual report

Please find page 15 of the 2012 Macy's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 104

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

10
Additional information about the Company’s logistics network as of February 2, 2013 is as follows:
Location Primary Function Owned or
Leased Square Footage
(thousands)
Cheshire, CT.................................................................................... Direct to customer Owned 565
Chicago, IL...................................................................................... Stores Owned 861
Denver, CO...................................................................................... Stores Leased 20
Goodyear, AZ.................................................................................. Direct to customer Owned 600
Hayward, CA................................................................................... Stores Owned 386
Houston, TX .................................................................................... Stores Owned 1,453
Joppa, MD ....................................................................................... Stores Owned 850
Kapolei, HI ...................................................................................... Stores Owned 260
Los Angeles, CA.............................................................................. Stores Owned 1,178
Martinsburg, WV............................................................................. Direct to customer Owned 1,300
Miami, FL........................................................................................ Stores Leased 535
Portland, TN .................................................................................... Direct to customer Owned 950
Raritan, NJ....................................................................................... Stores Owned 560
Sacramento, CA............................................................................... Direct to customer Leased 96
Secaucus, NJ.................................................................................... Stores Leased 675
South Windsor, CT.......................................................................... Stores Owned 668
St. Louis, MO .................................................................................. Stores Owned 661
Stone Mountain, GA........................................................................ Stores Owned 1,000
Tampa, FL........................................................................................ Stores Owned 670
Tukwila, WA.................................................................................... Stores Leased 500
Youngstown, OH............................................................................. Stores Owned 851
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 parties have reached an agreement to settle the matter, subject
to the court's final approval of the settlement terms.
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.