Macy’s was founded in 1858 in New York City by Rowland Macy. Originally a dry goods retail shop on 6th Ave, the store was located far north of most existing dry good stores.
In 1875, Macy took on 2 partners (Robert Valentine and Abiel La Forge) . All 3 partners died by 1879.
In 1895, the Macy family sold the business to the Straus brothers.
In 1902, the flagship store was moved to Herald Square, where it remains today.
In 1986, a leveraged buyout of the company was led by CEO Edward Finkelstein. The company filed for bankruptcy in 1992.
In 1994, the company merged with Federated Department Stores.
In 2008, Macy’s celebrated its 150th birthday.
The company currently operates over 850 stores in the US. The Macy’s corporate office is located in Cincinnati, Ohio.