The new millennium saw Federated make the bold move of acquiring long-time department store competitor, May Company. Both companies had very similar histories and cultures, and both represented decades of roll-ups of local family-owned department stores. Each had similar sales volume and stores.

United, a retail powerhouse was created with Macy's stores in 63 of the top 65 markets. We truly are "America's Department Store." The acquisition was completed in August 2005, nearly doubling the size of the company and making Federated the fourth largest non-food retailer in the country.

Seventy-nine years after its founding, Macy's, Inc. (formerly Federated Department Stores, Inc.) is one of the nation's most successful and respected retail institutions. The company continues to prosper by adapting and flowing with new demands on department stores in an ever-changing society. Embracing the words and philosophy of one of its founders, Fred Lazarus Jr., Macy's, Inc. succeeds by striving to be "a living mirror of our civilization in which we see the constant changing needs and wishes of our people."