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In 2023, Macy’s global revenue amounted to approximately 23.1 billion U.S. dollars, down from about 24.4 billion recorded a year earlier. This represents an increase of 33 percent in comparison to 2020.

Fiscal year 2023 ended February 3, 2024.

Macy’s

Macy's Inc. is an American company operating within a range of different consumer goods industries, headquartered in Cincinnati, United States. It operates the department stores Macy's and Bloomingdale's. As of 2023, the company employed around 85,581 people, in both full-time and part-time positions. Macy's Herald Square, located at Herald Square in the Manhattan borough of New York City, acts as the company's flagship store. The department store retailer operated a total of 718 stores around the world, of which 286 were company owned as of the end of fiscal year 2023.

How does Macy’s compare to other retailers?

As of 2022, Macy's was the largest department store company in the world in terms of retail sales, surpassing U.S. competitor Kohl's. Although the company has suffered a decrease on sales since 2014, Macy's made it to the list of world's leading retailers in 2021.

Revenue of Macy's from 2005 to 2023 (in million U.S. dollars)

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Release date

April 2024

More information

Region

Worldwide, United States

Survey time period

2005 to 2023

Special properties

The company's fiscal year ends on the Saturday closest to January 31st each year

Supplementary notes

*The Company changed its methodology for recording deferred state income taxes from a blended rate basis to a separate entity basis, and has reflected the effects of such change retroactively to fiscal 2008. Even though the Company considers the change to have had only an immaterial impact on its financial condition, results of operations and cash flows, the financial condition, results of operations and cash flows for the prior periods as previously reported have been adjusted to reflect the change.

Fiscal years 2012, 2017, and 2023 include 53 weeks.

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