Guidelines for High-Quality Vendors
As a company with more than 150 years of retail history, we ask a lot of our partners. In keeping with our standards of quality and service, we seek conscientious and reliable vendors who can provide us with high quality, high-performance and competitive prices.
As a potential vendor to Macy’s, you should be prepared to discuss the following.
For Product Vendors
Target Customer:
Age, average income, median family size, geographic location, population size and expected growth.
Product Demand:
Where you see it coming from in the future.
Benefits for Macy’s:
- How your product will help position Macy’s to take advantage of future demand.
- How Macy’s can gain market share with your product, control costs and/or maximize sales. The added value your product has over your competition.
- How your packaging enhances the image and appearance of the product compared to the products currently carried by Macy’s, Inc.
- How your product will positively impact related products in our stores.
Competition:
Your direct and indirect competition in the market.
For Service Vendors
Cost Savings:
How your service will save Macy’s, Inc. money.
Efficiency:
How your service will increase speed, accuracy and /or quality to Macy’s operations.
Growth:
Where you see it coming from in the future and ways growth in your service will help Macy’s.
Benefits for Macy’s:
How Macy’s can gain market share with your service and control costs and/or maximize sales. The advantages and benefits of using your service rather than a competitor’s similar service.
Competition:
Your direct and indirect competition in the market.
Related Services:
Whether your service impacts other related services or products in our stores and if so, how.
For Vendors of Non-retail
Products Savings:
How your non-retail products will reduce costs for Macy’s.
Efficiency:
How your service will increase speed, accuracy and /or quality to Macy’s operations.
Benefits for Macy’s:
How Macy’s can gain market share with your service, control costs and/or maximize sales. The advantages and benefits of using your service rather than a competitor’s similar service.
Competition:
Your direct and indirect competition in the market.
Related Services:
Whether your non-retail product impacts other related services or products we buy and if so, how.