Macy’s is one of the most iconic department stores in the United States, known for its flagship store in New York City and its rich history that spans over a century. Here are some interesting facts about Macy’s:
1. Founding and Early History
- Founder: Macy’s was founded by Rowland Hussey Macy in 1858. The first store was located on the corner of 14th Street and 6th Avenue in New York City.
- Origins: Initially, the store was called “R.H. Macy & Co.” and started as a dry goods store. Macy used a red star as the store’s symbol, inspired by a tattoo he got as a teenager while working on a whaling ship.
2. The Macy’s Parade
- Thanksgiving Tradition: The Macy’s Thanksgiving Day Parade, first held in 1924, has become an annual tradition watched by millions. It features giant balloons, floats, performances, and marching bands.
- Balloon Innovation: In 1927, the parade introduced the first giant balloons, which included Felix the Cat. These balloons quickly became a hallmark of the event.
3. Iconic Flagship Store
- Herald Square: The Macy’s flagship store at Herald Square in New York City opened in 1902 and is one of the largest department stores in the world, covering an entire city block.
- Historic Designation: The building is a National Historic Landmark, known for its classic Beaux-Arts design and innovative wooden escalators, some of which are still in operation today.
4. Retail Innovations
- Window Displays: Macy’s is famous for its elaborate and creative holiday window displays, which attract visitors from around the world during the Christmas season.
- One Day Sale: The concept of the “One Day Sale” was popularized by Macy’s, becoming a major retail event that many other stores have since adopted.
5. Macy’s Flower Show
- Annual Event: Macy’s Flower Show is an annual event held in the spring, transforming its flagship stores into floral wonderlands with elaborate gardens and installations. This tradition has been delighting visitors for over 70 years.
6. Expansion and Acquisitions
- National Chain: Macy’s expanded beyond New York, becoming a national chain with stores across the United States. It has grown through acquisitions, including the purchase of major regional department store chains like Marshall Field’s and Bloomingdale’s.
- Online Presence: Macy’s has also embraced the digital age, establishing a strong online presence and becoming a major player in e-commerce.
7. Corporate Social Responsibility
- Community Engagement: Macy’s is known for its community engagement and philanthropic efforts. The company supports various causes, including education, arts, and disaster relief.
- Sustainability Initiatives: Macy’s is committed to sustainability, implementing eco-friendly practices in its operations, such as energy-efficient lighting and waste reduction programs.
8. Pop Culture
- “Miracle on 34th Street”: Macy’s gained significant pop culture recognition from the 1947 film “Miracle on 34th Street,” where the store plays a central role in the story. This classic movie has helped cement Macy’s place in American culture.
9. Financial Milestones
- Stock Exchange: Macy’s was the first department store to be listed on the New York Stock Exchange, in 1922. This milestone marked the company’s significant growth and importance in the retail industry.
- Innovative Marketing: Macy’s has been a pioneer in marketing strategies, from its early use of illuminated store signs to modern digital marketing campaigns.
10. Employee Culture
- Diversity and Inclusion: Macy’s is dedicated to fostering a diverse and inclusive workplace. The company has received recognition for its efforts to promote diversity in its workforce and create an inclusive environment for all employees.