Corporate Vision
Macy's, Inc. is a premier national retailer with brands
that reflect the spirit of America. The timeless values
that made our nation strong are the same values that
make our company strong.
- A belief in the promise of the future with the
energy and determination to get us there.
- A belief that our heritage mirrors the optimism,
inclusion and integrity that provide for both
stability and growth.
- A belief that taking advantage of the right opportunities
will continue to lead us to success in all that we do.
Corporate Philosophy
Macy's, Inc. clearly recognizes that the customer is
paramount, and that all actions and strategies must be
directed toward providing an enhanced merchandise
offering and better service to targeted consumers through
dynamic department stores and direct-to-customer retail
formats.
Aggressive implementation of the company's strategies,
as well as careful and thorough planning, will provide
Macy's, Inc.'s department stores with an important
competitive edge.
Macy's, Inc. is committed to open and honest
communications with employees, shareholders, vendors, customers, financial analysts and the news
media. The company seeks to be proactive in sharing
information and in keeping these key stakeholder groups
up-to-date on important and material developments.
At Macy's, Inc., our greatest strength lies in the skill,
judgment and talent of our people. Every day a production
of enormous magnitude takes place on our selling floors
and behind the scenes, where our people bring the
company's strategic goals to life. Our priority of attracting,
retaining and growing the most talented people in the
retail industry has been and will continue to be our
greatest advantage.
Corporate Financial Objectives
The objectives of Macy's, Inc. are:
- To accelerate comp-store sales growth.
- To continue to increase the company's profitability
levels (earnings before interest, taxes, depreciation
and amortization) as a percent of sales to a level of
14 percent to 15 percent.
- To effectively utilize excess cash flow through a
combination of strategic growth opportunities and
stock buybacks.
- To grow earnings per share while increasing return
on gross investment.
|