Macy's 2013 Annual Report Download - page 6

Table of Contents
Unless the context requires otherwise, references to “Macy’s” or the “Company” are references to Macy’s and its subsidiaries and references to
“2013,” “2012,” “2011,” “2010” and “2009” are references to the Company’s fiscal years ended February 1, 2014, February 2, 2013, January 28,
2012, January 29, 2011 and January 30, 2010, respectively. Fiscal years 2013, 2011, 2010 and 2009 included 52 weeks; fiscal year 2012 included 53
weeks.
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This report and other reports, statements and information previously or subsequently filed by the Company with the Securities and Exchange
Commission (the “SEC”) contain or may contain forward-looking statements. Such statements are based upon the beliefs and assumptions of, and on
information available to, the management of the Company at the time such statements are made. The following are or may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995: (i) statements preceded by, followed by or that include the words
“may,” “will,” “could,” “should,” “believe,” “expect,” “future,” “potential,” “anticipate,” “intend,” “plan,” “think,” “estimate” or “continue”
or the negative or other variations thereof, and (ii) statements regarding matters that are not historical facts. Such forward-looking statements are
subject to various risks and uncertainties, including risks and uncertainties relating to:
•the possible invalidity of the underlying beliefs and assumptions;
•competitive pressures from department and specialty stores, general merchandise stores, manufacturers’ outlets, off-price and discount
stores, and all other retail channels, including the Internet, mail-order catalogs and television;
•general consumer-spending levels, including the impact of general economic conditions, consumer disposable income levels, consumer
confidence levels, the availability, cost and level of consumer debt, the costs of basic necessities and other goods and the effects of the
weather or natural disasters;
•conditions to, or changes in the timing of, proposed transactions and changes in expected synergies, cost savings and non-recurring
charges;
•possible changes or developments in social, economic, business, industry, market, legal and regulatory circumstances and conditions;
•possible actions taken or omitted to be taken by third parties, including customers, suppliers, business partners, competitors and
legislative, regulatory, judicial and other governmental authorities and officials;
•changes in relationships with vendors and other product and service providers;
•currency, interest and exchange rates and other capital market, economic and geo-political conditions;
•severe or unseasonable weather, possible outbreaks of epidemic or pandemic diseases and natural disasters;
•unstable political conditions, civil unrest, terrorist activities and armed conflicts;
•the possible inability of the Company’s manufacturers or transporters to deliver products in a timely manner or meet the Company’s
quality standards;
•the Company’s reliance on foreign sources of production, including risks related to the disruption of imports by labor disputes, regional
health pandemics, and regional political and economic conditions;
•duties, taxes, other charges and quotas on imports; and
•possible systems failures and/or security breaches, including, any security breach that results in the theft, transfer or unauthorized
disclosure of customer, employee or company information, or the failure to comply with various laws applicable to the Company in the
event of such a breach.
In addition to any risks and uncertainties specifically identified in the text surrounding such forward-looking statements, the statements in the
immediately preceding sentence and the statements under captions such as “Risk Factors” and “Special Considerations” in reports, statements and
information filed by the Company with the SEC from time to time constitute cautionary statements identifying important factors that could cause actual
amounts, results, events and circumstances to differ materially from those expressed in or implied by such forward-looking statements.