- Macy's began as a small dry goods store in New York City in 1858 and has since grown to become a major American retailer through expansion, acquisitions of other stores, and pioneering business practices. - Federated Department Stores acquired Macy's in 1994, expanding its operations further. By 2006, Macy's operated approximately 800 stores across the US. - Macy's strategy focuses on localization, omnichannel integration, and tailoring assortments and marketing to individual store locations and customer demographics. The company aims to provide seamless shopping experiences across stores and online.