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Tornadoes

Macy's Announces $100,000 Contribution to American Red Cross Disaster Relief Fund

Strategic Insights

— 1 min read

Macy's, Inc., a leading American retailer, has pledged a $100,000 cash contribution to the American Red Cross disaster relief fund to support victims of recent tornados and floods in several states across the country. The company has also launched a Matching Gift program, where the Macy's Foundation will match dollar-for-dollar all employee contributions of $25 or more to the American Red Cross and other qualified U.S.-based organizations providing relief assistance. Furthermore, Macy's stores in affected communities are offering discounts to customers receiving Red Cross or FEMA assistance, enabling them to replace essential items destroyed in the disasters.

Key Takeaways:

  • Macy's has contributed $100,000 to the American Red Cross disaster relief fund to assist victims of tornados and floods in Missouri, Alabama, Louisiana, and other states.
  • The Macy's Foundation will match dollar-for-dollar all employee contributions of $25 or more to the American Red Cross and other qualified U.S.-based organizations.
  • Macy's stores in hard-hit communities are offering discounts to customers receiving Red Cross or FEMA assistance, allowing them to replace essential items destroyed in the disasters.
  • Terry J. Lundgren, Macy's chairman, president, and CEO stated, "We are saddened to see so many lives disrupted and so much destruction from the series of devastating tornadoes and floods this spring across the country."
  • Macy's, Inc. operates approximately 850 department stores in 45 states, the District of Columbia, Guam, and Puerto Rico under the names of Macy's and Bloomingdale's.
  • The company also operates four Bloomingdale's Outlet stores and has online presence through macys.com and bloomingdales.com websites.

Statistics:

  • $100,000: Macy's contribution to the American Red Cross disaster relief fund
  • $25: The minimum contribution threshold for employee matching gift qualifying for the Macy's Foundation's matching gift program.
  • 850: Number of department stores operated by Macy's, Inc. in 45 states, the District of Columbia, Guam, and Puerto Rico.
  • 4: Number of Bloomingdale's Outlet stores operated by the company.
  • $25 billion: Fiscal 2010 sales of Macy's, Inc.
  • Spring: Timeframe during which tornadoes and floods occurred in affected states.

Sources:

  • "Macy's, Inc. Today Announced a $100,000 Contribution" - PR Newswire (no date or publication date mentioned)

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