Macy’s has grown to be one of the largest department store retailers in the world. Starting out as a small, fancy dry goods store that opened on 14th street and 6th avenue Summary: Starting out as a small, fancy dry goods store that opened on 14th street and 6th avenue in New York City in 1858, Macy’s has grown to be one of the largest department store retailers in the world. Macy’s was the first retailers to promote a woman to an executive position as well as pioneering revolutionary practices such as the one-price system, in which the same item was sold to every customer for the same price. Macy’s was also the first to introduce products such as the tea bag, the Idaho baked potato and colored bath towels. By the turn of the century, Macy’s had moved uptown to it’s present Herald Square location at Broadway and 34th street making the location a destination for shoppers and tourists alike. Over the years, Macy’s has become an integral part of American culture by hosting the annual Macy’s Thanksgiving Day Parade and the Macy’s 4th of July Fireworks display. Macy’s currently serves customers through approximately 800 stores in every geographic market in the U.S. as well as the macys.com website.

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