Macys

This paper will give a brief description of Macys, the characteristics of leaders

Macy’s (formerly Federated Department Stores)was once a small, fancy dry good store that opened on the corner of 14th Street and 6th Avenue in New York City in 1858 that would grow to be one of the largest department store retailers in the world. Rowland Hussey Macy’s at the age of 36 launched R.H. Macy & Co. He adopted a red star as his symbol of success dating back to his days as a sailor. First day sales totaled $11.06 but by the end of the first full year, sales grossed almost $90,000. By 1877, R.H. Macy’s & Co. had become a full- fledged department store occupying the ground space of 11 adjacent buildings.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2011 sales of $26.4 billion. The stores sell men's, women's, and children's apparel and accessories, cosmetics, and home furnishings, among other things. The Macy’s brand operates about 800 Macy’s department stores and furniture galleries in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com. The Bloomingdale’s brand includes 37 department stores and home stores in 11 states, bloomingdales.com, seven Bloomingdale’s Outlet stores in five states, and a licensed store in Dubai. Macy’s, Inc.’s diverse workforce includes approximately 171,000 employees. It also operates eSpot ZoomShops kiosks in over 300 store locations selling consumer electronics. Localization is a key component of Macy’s strategic formula for continued growth and success.

Characteristics of Leaderships and the impact on organizational behavior

These direct reporting relationships most often include: Chief Executive Officer, Chief Operating Officer Chief Financial Officer. Although not an Executive, the Director of Human Resources and managers plays a vital role within any corporation.

CEO, Chief Executive Officer.

A CEO is a powerful entity of an...