The nation's #1 department store chain has adopted the name of its most famous brand and cash cow: Macy's. Macy's, Inc. (formerly Federated Department Stores) operates about 850 stores in 45 states and rings up more than $26 billion in annual sales. The name change comes on the heels of its acquisition of rival May Department Stores in 2005. The retail giant operates four regional divisions: Macy's East, Macy's Central, Macy's Florida, and Macy's West, and the upscale Bloomingdale's chain. The department stores sell men's, women's, and children's apparel and accessories, cosmetics, and home furnishings (including the Martha Stewart Collection), among other things.
Sector: Services
Industry: Retail
