Macy's 2012 Annual Report Download - page 8

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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 February 2, 2013, the Company had approximately 175,700 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 February 2, 2013 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 2012. 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 operations compete with many retailing formats,
including department stores, specialty stores, general merchandise stores, off-price and discount stores, manufacturers’ outlets,
the Internet, mail order catalogs and television shopping, among others. The retailers with which the Company competes
include Amazon, 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 an omnichannel 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 Company’s filings;
the address of that site is http://www.sec.gov. In addition, the Company has made the following available free of charge through
its website at http://www.macysinc.com:
• Audit Committee Charter,
• Compensation and Management Development Committee Charter,
• Finance Committee Charter,
• Nominating and Corporate Governance Committee Charter,
• Corporate Governance Principles,
• Non-Employee Director Code of Business Conduct and Ethics, and
• Code of Conduct.
Any of these items are also available in print to any shareholder who requests them. Requests should be sent to the
Corporate Secretary of Macy’s, Inc. at 7 West 7th Street, Cincinnati, OH 45202.