Macy’s Inc owns two divisions Macy’s and Bloomingdale’s, both of which are departmental stores. Macy’s was originally named RH Macy & Co after the founder Rowland Hussey Macy. Macy’s opened in 1858 as a small fancy dry goods store on the corner of a New York street.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Walmart is the leading Multinational retail corporation founded in 1962, and incorporated in 1969, it is headquartered in Bentonville, Arkansas. The company is a family business because it is mainly controlled by the Walton family. Walmart company operates across the globe with over 11,500 retail units in 28 countries and as e-retailers in 11 countries.
Coles is a chain of supermarkets based in Australia. Coles opened its first store in 1914 and completed 100 years in 2014. The chain has 1,00,000 employees working in 2,300+ outlets.
The Kroger Company is one of largest grocery vendors in United States. The company was founded by Bernard Kroger in 1883. The company has established its headquarters in Ohio.
Target Corporation is one of the largest discount retailer and mass merchandiser in the United States. It offers everyday essentials at discounted prices. The company was founded by George Dayton in 1902 and was called “Goodfellow Dry Goods” at that time.
Having started its journey as online book seller, Amazon.com now can be called as global giant in online retail business. The founder of Amazon.com, Jeff Bezos attracted towards growth of internet reach in early 1990s and started this business in Seattle in 1995. Amazon is now a fortune five hundred company offering ecommerce, Prime Video, Amazon Music, AWS, Amazon Pay etc.
Founded in 1962 Kohl’s corporation is a departmental store operator. Its first store was opened in Brookfield, Wisconsin. Kohl’s is a leading retailer in America who sells national and international brands.
7. JC Penny:
JC Penny is an American company. It was founded in 1902 by Jill Soltau. The number of locations are 864 and is present in 49 states in United States, Puerto Rico.
Nordstrom is an American high-end retail sales departmental store chain which was founded by John W Nordstrom and Carl F Wallin in 1901. It has more than 300 stores operating in 40 states across USA and has a workforce of around 70,000 employees. It has an average net revenue of 15 billion dollars annually and has been listed on the New York Stock Exchange.
Dillards is one of the biggest competitors of Macy's.
To conclude, the above article highlights the various competitors which compete with Macy's. This understanding helps to evaluate the various external business factors for any company.
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