Money Sink

This is Macy's in Dadeland Mall, one of several such stores in Miami. Macy's, Inc., with corporate offices in Cincinnati and New York, is one of the nation's upscale retailers, with year 2008 sales of US $24.9 billion. The company operates more than 800 Macy's department stores and furniture galleries in 45 states, the District of Columbia, Guam and Puerto Rico, as well as 40 Bloomingdale's stores in 12 states. Macy's, Inc.'s workforce includes approximately 167,000 employees. The company also operates macys.com and bloomingdales.com. Prior to June 1, 2007, Macy's, Inc. was known as Federated Department Stores, Inc. The company's shares are traded under the symbol "M" on the New York Stock Exchange.