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Macy’s, Inc. Creates Bold Vision To Advance Diversity and Inclusion and Ensure The Company Reflects The Diversity Of The Customers and Communities Served

September 10, 2019

CINCINNATI--(BUSINESS WIRE)--Sep 10, 2019--

Macy’s, Inc. (NYSE: M) today announced a five-point approach to further ensure the company reflects the diversity of the customers and communities it serves. As part of this effort, the company has set goals and outlined specific strategies to increase its impact.

“At Macy’s, diversity and inclusion are essential to our culture and core values. Our mission is to embed D&I into how we think, act, and operate by fostering an inclusive culture and an environment that inspires, reflects, and embraces everyone,” said Jeff Gennette, chairman and chief executive officer of Macy’s, Inc. “We hope the steps we are taking will encourage others to reaffirm their commitments to inclusion for all.”

The newly established approach and goals will position the company to use its scale and reach to help set the tone and influence inclusivity standards and practices across the retail industry.

“We are proud of the work we’ve done over the last 10 years to become a more inclusive organization. Today’s announcement marks the next step on our journey as we continue to challenge ourselves to do more,” said Shawn Outler, chief diversity officer of Macy’s, Inc. “The strategy and goals we’ve set put us on a clear path to becoming best-in-class, and we hope to be the beacon of change that motivates other retailers and companies outside of our industry to do the same.”

The new vision is centered on five key focus areas of impact opportunity within the company’s customer base, marketing, colleagues, suppliers and community. Each focus area has specific performance objectives for 2019 and beyond.

Macy’s, Inc. today also published its fiscal 2018 corporate sustainability report and 2025 Sustainable Stewardship Goals. The company has taken concrete steps to refine its sustainability strategy and has set clear goals for a more sustainable future, while strengthening the policies and programs that support its efforts. Macy’s, Inc. is committed to creating a more sustainable future by achieving meaningful progress against Sustainable Stewardship Goals in critical areas including energy, waste & recycling, materials & fibers, chemical management, products, sourcing, transparency and diversity.

The 2018 Corporate Sustainability Report is available for download on macysinc.com.

For more information on diversity and inclusion at Macy’s, Inc., visit macysinc.com/social-responsibility/diversity-inclusion.

About Macy’s, Inc.

Macy’s, Inc. is one of the nation’s premier retailers, with fiscal 2018 sales of $24.971 billion and approximately 130,000 employees. The company operates approximately 680 department stores under the nameplates Macy’s and Bloomingdale’s, and approximately 190 specialty stores that include Bloomingdale’s The Outlet, Bluemercury, and Macy’s Backstage. Macy’s, Inc. operates stores in 43 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com. Bloomingdale’s stores in Dubai and Kuwait are operated by Al Tayer Group LLC under license agreements. Macy’s, Inc. has corporate headquarters in Cincinnati, Ohio, and New York, New York.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190910005266/en/

CONTACT: Media - Radina Russell, Macy’s Media Relations

646-429-7358;radina.russell@macys.comMedia - Emily Hawkins, Macy’s Media Relations

646-429-7458;emily.hawkins@macys.comInvestors - Mike McGuire

513-579-7780;investors@macys.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK OHIO

INDUSTRY KEYWORD: DEPARTMENT STORES GAY & LESBIAN HOME GOODS FASHION CONSUMER RETAIL ONLINE RETAIL

SOURCE: Macy’s, Inc.

Copyright Business Wire 2019.

PUB: 09/10/2019 10:00 AM/DISC: 09/10/2019 10:01 AM

http://www.businesswire.com/news/home/20190910005266/en

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