Macy's Term Paper Example | Topics and Well Written Essays - 2250 words

Macys - Term typography ExampleMacys over the years has had a long and eventful history to get where it is today. Macys was the first retailer to promote a woman to an executive position, making business history. Furthermore, Macys, also, pioneered business practices kindred the one-price system, one price for an item to dispense to everyone, and advertising prices for goods in newspapers. Furthermore, the also were the first store to sell tea bags, the Idaho baked potato, and colored bath towels, even the first store to hold a pertly York liquor license. By 1918, Macys was starting to average $36 million in annual gross gross sales. And the immigrant employees, in 1924, to celeb enumerate their new American Heritage, organized the first Christmas Parade which featured floats, bands, animals from the zoo and 10,000 onlookers. This became the Annual Macys Thanksgiving Day Parade. Macys has grown over the years by acquiring other stores and renaming them Macys as a way to expand their brand. Federated Department Stores (now known as Macys Inc.) bought R.H. Macy & Co. in 1994, and then renamed all their regional nameplates to Macys and in 2006, Macys acquired The May Department Store go with and converted all their regional nameplates to Macys. These acquisitions, eventually, led Macys to grow to over 800 stores covering virtually every major geographic market in the United States, plus they also have their internet sales through macys.com. Control of Economic Indicator The frugal indicators are controlled by various governmental agencies, such as the Census part, the Bureau of Economic Analysis, and the Bureau of stab. Most economists and investors pour over the compilation reports from these agencies, same(p) tea leaves, (Steiner, 2009) for any signs of economic improvement. They are looking for trends that will likely increase consumer spending, especially, since nearly 70% of the GDP of the United States is tied up in consumer spending. There are phoebe bird main economic indicators that are being looked at to determine if the economy is going to get back on its feet. These five indicators are consumer-related indicators which include employment, retail sales, personal income and outlays, consumer price index, and new home sales. These five indicators detail consumer spending, sales by retailers, details the amount of inflation or deflation (consumer price index), new residential sales to the public, and the unemployment rate (the higher the unemployment rate, the less likely people are to buy consumer based products, unless they are necessities). The reports are scripted by the government agencies that compile them, such as the employment situation is written by the Bureau of Labor and has pages upon pages of data showing the amount of employees added to and subtracted from the workforce. Economic Indicator Collection The economic indicators are calculated, afterward a thorough collection of the appropriate statistical dat a needed to perform the calculation. For example, the Bureau of Labor receives a report from all employers each month which indicates how many employees that was added to an employers payroll as head as how employees were removed from the payroll. Then, to get the unemployment rate, the number of unemployed people is divided by the number of employable people. This gives us the percentage of how many people are unemployed currently. But, this unemployment rate can further be broken down into the various industries to see which industries have a higher unemployment rate than