This article is one for all the female readers, who like shopping at Macy’s, Inc. (NYSE:M). Some big value hedge fund investors own the stock, such as David Tepper, so analysts (both female and male), should enjoy.
Francisco Costa is creating a special new line for S/S 2012 exclusively for Macy’s. The creative director for Calvin Klein has designed a special line of dresses that were inspired by Brazilian design and line. The new item will be sold available exclusively at Macy’s stores and on their website starting May 15th.
This special line will be a boon for Macy’s shoppers everywhere as they often shop with brand and value in mind.
Costa, who joined the Calvin Klein brand a decade ago keeps the line’s simple aesthetic while adding vibrancy and unique details to each garment. His exclusive line for Macy’s is said to be a little different from the norm. His fresh with tropical colors and prints new designs were inspired by his native country of Brazil.
Rowland Hussey Macy founded the four first stores between 1843 and 1855. The stores were all originally dry goods stores. When all the stores failed, he moved to New York City, and opened up another dry goods store which was named R.H. Macy Dry Goods. This time, his idea was a success and the store expanded to other buildings.
The store offered customer-friendly services like a money-back guaranty and made-to-measure apparel that was made right at their on-site factory. The store continued to succeed and they eventually acquired many department stores all over the nation. In 1994, Federated bought out Macy’s, and in 2005, the entire company bought out May’s Department Stores. They subsequently turned all regional stores including Foley’s, Kaufman, Strawbridges, and many others into Macy’s. This made them into a national name.
Macy’s is a true story of American success and they’re still going strong. As of 2:54 pm Eastern Standard time, their current stock is up at 0.64 (1.59%) with $40.82 a share. They are a company that knows exactly what the American public wants and delivers it with real values- and that is the formula for success.