Macys Vs Harrods

macy's Harrods Versus History Founded in 1858 by Rowland Hussey Macy Founded in 1849 by Charles Henry Harrod. Originally was a wholesale grocery with a 6o special interest in tea. Originally selling small, fancy dry goods. Sells *........* Clothing Footwear Accessories Clothing Footwear Accessories .... Bedding Jewelry Beauty products Bedding Jewelry Beauty products .......... Housewares Furniture Housewares Souvenirs Motto Omnia, Omnibus, = Al Be everyuhere, do everything, and never fuil to astonish the customer. Ubique. things for all people, averyuhere. Employees 172,500 12,000 employees (approx) employees (approx) ......I I Territories Knightbridge, London Herald Square location on Broadway and 34th Street, New York City Approx 800 stores primarily on the East and West Coasts of the USA. By 2000, the Harrods empire had expanded to take in outlets at airports (Heathrow & Gatwick) and on the QE2 cruise ship. Operates macys.com (worldwide shipping) Operates harrods.com (worldwide shipping) www www In the News Destroyed by a fire in 1883 It featured one of the world's first escalators in 1898 First retailer to promote a woman, Harrods has twice experienced Margaret Getchell, to an executive position. bomb attacks by the IRA. Achievements WORLD'S LARGEST According to Deloitte, Macy's, Inc. is the world's largest fashion goods retailer. 2011 Harrods achieves a world record as the only stand-alone department store in the world to hit £1bn in sales in RETAILER a year. Acquisitions and Takeovers In 1959 MAY High Street department store group House of Fraser bought Harrods. DEPARTMENT STORES acquisition In 1985 2005 the store returned to private ownership when Egypt-born Mr. Al Fayed and his brother Ali bought House of Fraser for £615m, snatching it from mining conglomerate Lonrho. Sold by Mr. Al Fayed to the Qatari royal family for £1.5bn in 2010 * Finance + *..': *-- Became a public Fiscal 2013 sales Became a public £652 million sales company in 1922 of $27.9 billion. company in 1889 at end of 2012 Future Co Global expansion to Abu Dhabi (UAE) planned for 2018. First Macy's store outside USA. Possibility of opening a store in NYC and talks about a Harrods Hotel. References www.bbc.com/news/10103783 www.globalblue.com/brands/speclals/harrods/history-of-harrods-luxury-department-store-london www.macysinc.com/about-us/macysinc-history/macys-a-history/default.aspx www.cityam.com/article/1383542037/harrods-pays-its-directors-100m-bumper-year www.fashionunited.co.uk/fashion-news/design/harrods-future-plans-unveiled-2014021220071 SMS storetraffic.com www.storetraffic.com Olii