Macy's, Inc. Contributes to Japan Disaster Relief Efforts
Product partnership with Polo Ralph Lauren will support fundraising
CINCINNATI--(BUSINESS WIRE)-- Macy's, Inc. (NYSE:M) today announced a three-part contribution to international relief efforts in Japan following the disastrous earthquakes and tsunami. Together, these contributions have the potential to raise more than $1 million for this important humanitarian cause.
-- Macy's, Inc. will make a corporate contribution of $100,000 in cash to the American Red Cross for earthquake and tsunami relief on behalf of Macy's and Bloomingdale's associates across America. -- The Macy's Foundation will match, on a dollar-for-dollar basis, all employee contributions of $25 or more to the American Red Cross and other U.S.-based organizations providing rescue and relief assistance in Japan. The contributions are subject to the customary guidelines and limits of the Macy's Foundation's Matching Gifts program. -- Macy's and Bloomingdale's will support Polo Ralph Lauren's effort by offering a Ralph Lauren mesh Japan Relief polo shirt that will be sold to customers at select Macy's stores, Bloomingdale's stores and on macys.com and bloomingdales.com. The shirt will sell for $98, with 100% of the proceeds donated to Central Community Chest of Japan, part of United Way Worldwide.
"We are deeply moved by the series of recent events which are having such a devastating effect on the people of Japan and we wish to offer our support to help them endure and recover from the widespread destruction of the earthquake and tsunami," said Terry J. Lundgren, Macy's, Inc. chairman, president and chief executive officer. "In times like these, the world comes together and we are always so proud to see the outpouring of generosity by our company's associates, customers and vendors. As Americans, we have a special relationship with the Japanese. We hope that our role in the larger international relief effort can help alleviate the suffering and devastation of those who lost family, friends, homes, possessions and peace of mind."
Macy's, Inc., with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2010 sales of $25 billion. The company operates about 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's, as well as the macys.com and bloomingdales.com websites. The company also operates four Bloomingdale's Outlet stores.
(NOTE: Additional information on Macy's, Inc., including past news releases, is available at www.macysinc.com/pressroom).
Source: Macy's, Inc.
Released March 21, 2011