Martine Reardon to Depart Macy’s, Inc.

CINCINNATI–(BUSINESS WIRE)–Martine Reardon, Macy’s chief marketing officer, has decided to leave
the company, effective May 13, after 32 years of service.

“I am extremely proud of the work that I have led in building Macy’s
into an international omnichannel brand. We have established a clear and
compelling brand promise rooted in fashion, entertainment, pop culture,
value and newness, and opened potential new avenues for growth,” Reardon
said. “I will miss my Macy’s family terribly, but I am looking forward
to taking time for me now. The marketing organization at Macy’s is
incredibly deep and talented, and I am excited for my colleagues to
carry on the work we began together.”

Terry Lundgren, Macy’s, Inc. chairman and chief executive officer, said,
“It is with deep sadness that we accept Martine’s resignation from
Macy’s. Martine is a very special executive who has come to personify
the spirit, energy and integrity of Macy’s. She has poured her mind,
heart and soul into making Macy’s the industry leader it is today.
Martine’s leadership, insight, creativity and expertise have enabled
Macy’s to compete in physical stores and digitally as customer shopping
preferences have evolved. Our entire organization will miss Martine. We
salute her many accomplishments and wish her the very best in the next
chapter of her life and career.”

Reardon was named Macy’s Chief Marketing Officer in February 2012. She
leads Macy’s multi-faceted world of marketing, including macys.com and
the company’s advertising, creative development, social, mobile, and
digital media, brand public relations, cause and tourism marketing,
special events, media planning, consumer insights and data analysis for
its 730 stores nationwide. Under Reardon’s direction, Macy’s highly
acclaimed national marketing team has received numerous honors,
including Emmys, Reggies, Clios, Effies, Racies and Art Directors Club
Awards.

Reardon rose through the ranks at Federated Department Stores, Inc. and
Macy’s, Inc., beginning in the special events department at Abraham and
Straus. Under her leadership, Macy’s has received many significant
retail industry accolades for marketing, including Mobile Marketer of
the Year, Direct Marketer of the Year, Brandweek Marketer of the Year
and the L2 Genius Award for digital relevance in retail marketing
several years running.

Reardon has received the “Power of Women to Make A Difference” Award
from the United Way of New York City, the Lifetime Mission Achievement
Award from the American Heart Association, and the Matrix Award from the
New York Women in Communications, and has served as Advertising Women of
New York’s honoree at its Annual Roast.

A member of Macy’s Executive Committee, Reardon sits on the board of the
Make-A-Wish Foundation, as well as the Retail Advertising Marketing
Association (RAMA), a division of the National Retail Federation. She
has chaired the American Heart Association’s annual Go Red For Women New
York City luncheon since 2006, is a member of the International Women’s
Forum, and participates in many industry events and conferences as
keynote speaker.

A search for Reardon’s successor is now beginning.

Macy’s, Inc. (NYSE:M), with corporate offices in Cincinnati and New
York, is one of the nation’s premier retailers, with fiscal 2015 sales
of $27.079 billion. The company operates about 870 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.

(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