Macy’s Competitors | Alternatives of Macy’s

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Macy’s is an American origin public company that was founded in the year 1858 by its founder Rowland Hussey Macy.  It serves with headquarters based at New York in the United States.

Macy’s is a chain of department stores with five hundred and fifty-one stores spread all over the United States, Guam and Puerto Rico. It acts as a subsidiary of its parent company Macy’s Inc and works with the help of its subsidiary Macy’s Furniture Gallery.

The company posted revenues for the fiscal year 2018 at 24.97 billion US dollars. It is associated with the retail industry and deals with housewares, beauty products, jewellery, footwear, furniture, accessories, bedding, apparel etc.

The retailing industry is highly competitive especially its department store format where Macy’s has to compete with several well-known and established brands. It has increased its customer base by offering superior selections, premier locations, exciting shopping environment, impeccable services and distinctive marketing that have lured in consumers of every generation.

It faces stiff competition from several companies and some of the major Macy’s competitors in the retail industry are listed below.

1 J C Penney

J C Penney

With revenues and total assets at 12.019 billion US dollars and 7.721 billion US dollars respectively in the fiscal year 2019, J. C. Penney has become one of the topmost Macy’s competitors in the department store format of the retail industry. Since the year 1998, it has stepped into the world of internet retailing and streamlined its catalogue to include consumer preferences.

  1. C. Penney is an American origin public company that was founded in the year 1902 by its founders William Henry McManus and James Cash Penney. It serves with headquarters based at Plano, Texas in the United States.
  2. C. Penney is a chain of department stores with eight hundred and fifty-three stores spread in forty-nine states of the United States as well as Puerto Rico. Nearly ninety-five thousand employees are working for the established brand. It is associated with the retail industry and deals with conventional merchandise. Its product portfolio includes electronics,  housewares, beauty cosmetics, jewellery, footwear, furniture, accessories, toys, appliances etc.

2. Kohl’s

Kohl’s | Macys Competitor

With revenues at 20.229 billion US dollars in the fiscal year 2018, Kohl’s has the distinction of being the largest chain of department stores in the United States and second-largest based on retail sales since the year 2013. It is no doubt one of the strongest Macy’s competitors.

Kohl’s is an American origin public company that was founded in the year 1962 by its founder Maxwell Kohl.   It serves with headquarters based at Menomonee Falls, Wisconsin in the United States. Kohl’s is a retail chain of department stores with one thousand, one hundred and fifty-eight stores spread all over the United States.

Its product portfolio includes housewares, electronics, appliances, decor, toys, beauty products, jewellery, footwear, furniture, accessories, bedding, apparel etc.

The stores include diffusion lines from reputed designers like Vera Wang and prominent celebrities like Jennifer Lopez and Tony Hawk have also sold their branded clothing through the Kohl’s stores in the market. Its in-house clothing brands include Urban Pipeline, Tek Gear, Jumping Beans, American Beauty etc.

3. Nordstrom

Nordstrom

With revenues and net income at 15.86 billion US dollars and 564 million US dollars respectively in the fiscal year 2019, Nordstrom has gained entry in the list of Macy’s competitors. Nordstrom is an American origin public company that was founded in the year 1901 by its founders Carl F Wallin and John W Nordstrom   It serves with headquarters based at Seattle, Washington in the United States.

Nordstrom is a chain of luxury department stores with one hundred and seventeen stores spread all over forty states of the United States, Puerto Rico and three provinces in Canada. It works with the help of its subsidiary companies Jeffrey Boutique, Trunk Club, Nordstrom Rack and HauteLook.

The company started its journey as a footwear store and with time became a full-time retailer with separate departments for fragrances, cosmetics, accessories, jewellery, handbags, footwear and apparel. Some of its stores have wedding departments and home furnishings and in-house express bars, restaurants and cafes to lure in customers.

4. GAP Inc

GAP Inc | Macys Competitor

With revenues at 16.6 billion US dollars, GAP Inc is considered one of the Macy’s competitors in the apparel industry. The company has the distinction of being the largest speciality retailer in the United States and is placed at 3rd position in the international arena.

GAP Inc is an American origin public company that was founded in the year 1969 by its co-founders Doris F Fisher and Donald F Fisher. It serves with headquarters based at San Francisco, California in the United States. It operates with help of six divisions Athleta, Hill City, Intrix, Old Navy, Banana Republic and Gap.

GAP Inc is associated with the retail industry and deals in clothing and accessories. Its product portfolio includes apparel for men, women, girls, boys, toddler and babies. The various items include outerwear, sleepwear,  loungewear, jeans, shirts, school uniforms, bodysuits, swimwear, one-pieces etc.

5. Bed Bath & Beyond

Bed Bath & Beyond

Bed Bath & Beyond posted 12.0 billion dollars of revenues in the fiscal year 2018 and is considered one of the strongest Macy’s competitors in the industry. It has the distinction of being amongst the Forbes Global 2000 and Fortune 500 companies.

Bed Bath & Beyond is an American origin public company founded in the year 1971. It serves with headquarters based at New Jersey in the United States and has spread its presence to one thousand, four hundred and sixty locations in Mexico, Canada and the United States.

Bed Bath & Beyond deals in home-furnishings and domestic merchandise. The product portfolio includes kitchen related products, doormats, window panel. mattress pad, bath towel, comforter set, headboard, hair care products, oral care items, mirror, grooming items, skincare related products, fitness and wellness items etc. The company also sells made-to-order furniture for dining room, kitchen, bedroom, living room, entryway, office, nursery, bathroom, kid’s room and games room.

6. Amazon

Amazon

With revenues and net income at 280.522 billion dollars and 11.588 billion US dollars respectively in the fiscal year 2019, Amazon has gained entry in the list of Macy’s competitors. It has total assets of 225.248 billion and its employee count was at seven lakh and ninety-eight thousand in the year 2019. Ranked as the most valuable company its product portfolio and active users exceed one hundred and nineteen billion items and one hundred million respectively.

Amazon is an American origin public company that was founded in the year 1994. It has spread its presence to seventy-three cities in thirty-three countries and has headquarters based at Seattle, Washington in the United States.

Amazon has various products in its portfolio that have helped in maintaining high revenues. It is associated with numerous industries like e-commerce, Artificial Intelligence, Cloud Computing, Consumer Electronics, Grocery Stores and Digital Distribution. It competes with Macy’s through Amazon Home that includes product categories like bedding and bath, kitchen, home decor, furniture, lawn and garden, lighting, home improvement, floor care, storage, handmade items, pet supplies etc.

7. Target

Target

Target is a discount retailer that generates revenues by offering consumer goods at competitive pricing. It is the 8th-largest retailer in the United States and with revenues, for the fiscal year, 2019 at 75.356 billion US dollars is considered one of the strongest Macy’s competitors and retail players in the market. Launching schemes like Expect More Pay Less and Low Price Promise has helped to attract new customers and retain the loyalty of existing ones.

Target is an American origin public company that was founded in the year 1902 by its founder John Geisse and George Dayton. It operates in the United States with headquarters based at Minneapolis, Minnesota and has spread its presence with one thousand eight hundred and sixty-eight outlets in that country.

Target is associated with the retail industry and includes small format, hypermarket and discount store. It deals in a diversified product portfolio that includes toys/games, footwear, pet supplies, small appliances, lawn and garden items, jewellery, furniture, food, electronics, accessories, apparel, health, beauty and bedding etc.

By the year 2015 Macy’s was considered the largest department store in the United States by retail sales. It had surpassed the sales figures for every comitor. With time the department store has faced immense online competition and in the year 2019 announced a restructuring plan to make structural changes. In such times it becomes important to know about the Macy’s competitors.