Macy’s Honored for Diversity of Board of Directors

Terry Lundgren accepts the Women’s Forum of New York’s Muriel F.
Siebert Leadership Award

NEW YORK–(BUSINESS WIRE)–Macy’s, Inc. (NYSE:M) today was presented with the prestigious Muriel F.
Siebert Leadership Award for extraordinary diversity of its board of
directors by the Women’s Forum of New York. The award was accepted by
Terry J. Lundgren, chairman and chief executive officer of Macy’s, Inc.

An audience of more than 650 corporate executives, public company
directors and opinion leaders gathered in Manhattan to honor Macy’s,
Inc. and those 27 other companies among the Fortune 1000 and S&P 500
with boards of directors comprised of more than 40 percent women.

Macy’s, Inc. is considered to have among the strongest and most diverse
boards in Corporate America. Currently, six of Macy’s directors are
women (43 percent of the total board of 14 members). Among Macy’s
directors are four members who are ethnic minorities (Black, Hispanic
and Asian-American).

“Macy’s is a company that demonstrates that having directors with a
range of experiences and perspectives leads to better decisions and
governance for all of our stakeholders,” said Joyce M. Roché, an
independent director who chairs the Macy’s board’s Nominating and
Corporate Governance Committee, in introducing Lundgren for the award.
“Terry Lundgren has been a strong leader whose commitment and leadership
have made Macy’s a model that inspires other companies.”

“We are very proud of the strength of experience and knowledge that each
of our directors brings to the board table. They help our business to
reflect our very diverse marketplace of customers, of whom about 70
percent are women,” Lundgren said. “Our directors constantly challenge
us to be a better company with a long-term view for serving emerging
customer needs and creating shareholder value. Diversity at every level
is a strength of Macy’s, Inc., and we are proud of the guidance we
receive from these extraordinary individuals. Through this award today,
all public companies are encouraged to accelerate progress in making
boards more diverse.”

The Muriel F. Siebert Award was named for the first woman (in 1967) to
own a seat on the New York Stock Exchange. Siebert was also the first
woman to head one of the NYSE member companies.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one
of the nation’s premier retailers, with fiscal 2014 sales of $28.105
billion. The company operates about 900 stores in 45 states, the
District of Columbia, Guam and Puerto Rico under the names of Macy’s,
Bloomingdale’s, Bloomingdale’s Outlet, Macy’s Backstage and Bluemercury,
as well as the macys.com, bloomingdales.com and bluemercury.com
websites. Bloomingdale’s in Dubai is operated by Al Tayer Group LLC
under a license agreement.

All statements in this press release that are not statements of
historical fact are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements are
based upon the current beliefs and expectations of Macy’s management and
are subject to significant risks and uncertainties. Actual results could
differ materially from those expressed in or implied by the
forward-looking statements contained in this release because of a
variety of factors, including conditions to, or changes in the timing
of, proposed transactions, prevailing interest rates and non-recurring
charges, competitive pressures from specialty stores, general
merchandise stores, off-price and discount stores, manufacturers’
outlets, the Internet, mail-order catalogs and television shopping and
general consumer spending levels, including the impact of the
availability and level of consumer debt, the effect of weather and other
factors identified in documents filed by the company with the Securities
and Exchange Commission. In light of these risks and uncertainties,
readers are cautioned not to place undue reliance on forward-looking
statements. Except as may be required by applicable law, Macy’s
disclaims any obligation to update its forward-looking statements for
any reason.

(NOTE: Additional information on Macy’s, Inc., including past news
releases, is available at www.macysinc.com/pressroom)

Contacts

Macy’s, Inc.
Media – Jim Sluzewski, 513-579-7764
or
Investor
– Matt Stautberg, 513-579-7780