Strategic Managment

Summary * Established By Rowland Hussey Macy in 1851. * Operates 850 Stores in 45 states. * Has been in Business for 151 years * Sales in the first of all Quarter be $5.199 ane million million, down 9.5 portion from sales of $5.747 Billion in the first 13 weeks of 2008. * direct Loss add up $114 Million or 2.2 percent of sales for the quarter finish may 2, 2009, comp bed with Operating Income of $30 Million or 0.5 percent of sales for the very(prenominal) period last year * Online Sales (Macys.com and Bloomingdales.com combined) were up 16.2 percent in the first quarter of 2009 * On May 15, 2009, the Board of Directors of Macys, Inc. state a regular Quarterly Dividend of 5 cents per share on Macys Common Stock * On June 11, 2009, Macys, Inc. announced it would open (2) overbold Macys Stores in the primal V everyey of California. * On February 3,2009 place off 7,000 employees, which is 4% of its custody * On January 8, 2009 Closed its 11 Underperforming Stores. * bed off its Capital-Spending bud jack off by $100 Million to $ one hundred fifty Million. Original Bud occur was $ 1 Billion. billing & pot statement Macys mint program line: The timeless values that do our nation strong are the same values that ask our company strong.

* A printing in the promise of the incoming with the energy and determination to get us there. * A ruling that our heritage mirrors the optimism, inclusion and right that provide for both perceptual constancy and growth. * A belief that taking advantage of the! right opportunities allow continue to orchestrate us to success in all that we do. Macys Proposed Vision Statement: To Be Recognized As the Leader in Providing Quality Products at Affordable Prices Macys Proposed Mission Statement: Inspired by Our Core determine of Dignity and Respect, Macys is committed to Provide Rememberable Shopping devour by substantive the Needs of Our Customers Internal Factor...If you want to get a profuse essay, order it on our website: OrderCustomPaper.com

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