Macy's 2013 Annual Report Download - page 8

Table of Contents
The Company’s executive offices are located at 7 West 7th Street, Cincinnati, Ohio 45202, telephone number: [phone] and 151 West 34 th Street,
New York, New York 10001, telephone number: [phone].
Employees
As of February 1, 2014, the Company had approximately 172,500 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 1, 2014 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
2013. 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, online retailers, 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, L Brands, Lord & Taylor, Neiman Marcus, Nordstrom, Ross Stores, 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.
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