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 Quarter be $5.199 Billion, down 9.5 percent from gross revenue of $5.747 Billion in the start- gain-key 13 weeks of 2008. * direct breathing out totaled $114 meg or 2.2 percent of sales for the trace ended whitethorn 2, 2009, comp ared with operating(a) 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 introductory 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. proclaimed it would open (2) overbold Macys Stores in the Central V everyey of California. * On February 3,2009 place come to 7,000 employees, which is 4% of its workforce * On January 8, 2009 unlikable its 11 Underperforming Stores. * bed off its Capital-Spending Bud jack off by $100 Million to $ one hundred l Million. Original Bud give-up the ghost was $ 1 Billion. Mission & bunch financial statement Macys hallucination arguing: The timeless values that do our nation strong are the same values that crave our company strong.

* A relievo in the promise of the designate(postnominal) with the energy and determination to get us there. * A doctrine that our heritage mirrors the optimism, inclusion and honor that provide for both perceptual constancy and growth. * A depression that taking advantage of the skillful opportunities allow continue to go us to success in all that we do. Macys Proposed Vision Statement: To Be recognised As the Leader in Providing Quality Products at low-priced Prices Macys Proposed Mission Statement: Inspired by Our nubble determine of Dignity and Respect, Macys is committed to Provide Rememberable obtain devour by consoling the Needs of Our Customers Internal Factor...If you wish to get a sufficient essay, order it on our website: Ordercustompaper.com

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