Executive Summary

1598 Words Jan 1st, 2012 7 Pages
Macy’s:
Executive Summary
Macy’s, Inc. Macy’s, Inc. is known as the one of the leading retail corporations worldwide. It offers its customers a wide range of products including clothing, footwear, jewelry, beauty products, and even home décor. Macy’s has opened more than 800 stores across the U.S. and reported fiscal year (FY) 2009 sales of $23.5 billion. Although Macy’s is a prominent retailer today, their success had to start somewhere. In this summary we will take a glance at Macy’s history as well as their prior and current financial information.
Brief History of Macy’s, Inc. Before Macy’s, Inc became a household name Rowland H. Macy, the founder of Macy’s Inc., started a dry-goods store in 1851 in Haverhill, Massachusetts where
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Macy’s Investor Relations
On March 28, 2007, Macy’s, Inc. announced that they would be sharing and trading on the New York Stock exchange under the ticker symbol “M”.
Macy’s Assets
The two most recent annual reporting periods for Macy’s, Inc. cash and cash equivalents are FY 2009 (ending January 30, 2010) and FY 2010 (ending January 29, 2011). FY 2009 cash and cash equivalents were $1,686 million. By January 30, 2011, cash and cash equivalents had decreased by more than 13% to $1,464 million.
Macy’s total current assets for its FY 2009 and FY 2010 increased less than 1% by January 29 2011. Total assets for FY 2009 were worth $6,882 million while total assets for FY 2010 were worth $6,899 million.
The order of current assets for Macy’s, Inc. is presented as follows (millions): FY 2010 FY 2009 -Cash and cash equivalents $1,464 $1,686
-Receivables 392 358
Merchandise inventories 4,758 4,615
-Prepaid expenses and other current assets

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