Macy’S Net Worth (Updated 2025).
Macy’s, a name synonymous with retail, traces its roots back to the late 19th century when a young entrepreneur named Rowland Hussey Macy set sail for the United States from his native Rhode Island. With a mere $150 and a dream, Macy opened his first dry goods store in Haverhill, Massachusetts, in 1851, marking the beginning of what would become a retail empire.
In 1858, Macy moved his business to New York City, where he established a new store on Sixth Avenue. This store, which would later become the iconic Herald Square location, was the birthplace of the now-famous Macy’s star logo. The star, inspired by a mistake Macy made during his early days as a sailor, has since become an iconic symbol of the retail giant.
**Macy’s Current Net Worth (2025)**
As of 2025, Macy’s, Inc. has an estimated net worth of $7.5 billion. This figure reflects the company’s extensive retail operations and brand value.
**Career**
Macy’s, Inc. was founded in 1858 by Rowland Hussey Macy and has since grown into one of the largest retail department store companies in the United States. It operates over 580 stores under the names Macy’s and Bloomingdale’s.
**Other Ventures**
In addition to its retail stores, Macy’s has expanded into e-commerce, with a robust online presence. It also offers a loyalty program, The Star Rewards, and has ventured into partnerships with other brands for exclusive products.
**Assets**
Macy’s owns numerous properties across the U.S., including flagship stores in cities like New York, San Francisco, and Chicago. Its total assets are valued at over $20 billion, as of 2025.
**Annual Income**
In the fiscal year 2024, Macy’s, Inc. reported a total revenue of $24.6 billion, marking a significant recovery from the COVID-19 pandemic’s impact on the retail industry.
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Frequently Asked Questions about Macy’S
**Frequently Asked Questions: Macy’s Net Worth**
1. What is Macy’s net worth?
Macy’s net worth is estimated to be around $7.5 billion.
2. How many stores does Macy’s have?
As of 2021, Macy’s operates approximately 580 stores in 43 states, the District of Columbia, Puerto Rico, and Guam.
3. When was Macy’s founded?
Macy’s was founded in 1858 by Rowland Hussey Macy and operated as R.H. Macy & Company before being renamed Macy’s in 1902.
4. Who is the current CEO of Macy’s?
The current CEO of Macy’s is Jeff Gennette.
5. How much revenue does Macy’s generate annually?
Macy’s generates approximately $24.5 billion in annual revenue.
6. What are some of Macy’s most popular brands?
Some of Macy’s most popular brands include Macy’s, Bloomingdale’s, Bluemercury, and Backstage.
7. Does Macy’s offer online shopping?
Yes, Macy’s offers online shopping through its website and mobile app.
8. How many employees does Macy’s have?
Macy’s employs approximately 125,000 people.
9. What is Macy’s most famous store?
Macy’s Herald Square in New York City is the company’s flagship store and is famous for its annual Thanksgiving Day Parade.
10. What is the history behind Macy’s Thanksgiving Day Parade?
The Macy’s Thanksgiving Day Parade began in 1924 as a way to promote the Thanksgiving Day holiday and the opening of the company’s flagship store in New York City.
