Macy's Merchandising Group

11 Penn Plaza
New York, NY 10001
646-429-6000

Macy's Merchandising Group (MMG) is responsible for conceptualizing, designing, sourcing and marketing private label and private branded goods sold at Macy's and, in some cases, at Bloomingdale's. Some of our highly successful private brands are I·N·C, Charter Club/Club Room, Alfani, Style & Co., Tasso Elba, Tools of the Trade, Hotel Collection, The Cellar, Greendog and First Impressions.

In-house design and production teams work with product developers to identify trends in the marketplace. MMG identifies the best source for each product to bring definitive value at competitive retail prices to Macy's, Inc.'s customers with the support of 500 associates in offices in 14 nations. Private brand sales are driven through aggressive and innovative marketing and sales promotion programs. MMG's private brand merchandise represents about 19 percent of total Macy's sales - amounting to about $4.3 billion a year at retail.

MMG also is charged with managing core vendor relationships in the domestic-branded market. MMG works with national brands - such as Polo/Ralph Lauren, Kenneth Cole, DKNY, Jones New York, Nine West, Tommy Hilfiger, and Estee Lauder - to strategically guide the Macy's divisions in buying product assortments for stores across the country. Additionally, MMG identifies product from these brands that will be exclusive to Macy's stores.

Employment: www.macysjobs.com

College Recruiting: www.macyscollege.com

Janet E. Grove
Chairman & Chief Executive Officer

Leonard Marcus
President & Chief Operating Officer

Janet E. Grove and Leonard Marcus head MMG. Grove, who also serves as a corporate vice chair of Macy's, Inc., was named chairman and CEO of Federated Merchandising Group (predecessor of MMG) in February 1998. She previously served as executive vice president for center core, cosmetics and home merchandise. She added the title of chief executive officer in December 1999. Previously, she was executive vice president for ready-to-wear and center core. Grove joined Federated Merchandising Group in January 1996 as a senior vice president from Broadway Stores, Inc., where she was executive vice president for home merchandise and center core. She began her retail career in 1973 at Macy's West and held various positions there over the next 19 years.

Marcus joined Federated Merchandising Group as president and COO in June 1997 from Stern's, where he had been president since 1995. Previously, he was president of the A&S/Jordan Marsh division of Federated since 1989. Marcus began his retail career at A&S in 1974.