CINCINNATI, Ohio, June 22, 2015
– Macy’s, Inc. today announced that its wholly owned subsidiary, Macy’s
Retail Holdings, Inc., will redeem for cash the entire $76.016 million aggregate principal amount outstanding of its
8.125% Debentures due 2035 (CUSIP 577778BC6) on August 17, 2015. The 2035 debentures were issued in August
1995 by The May Department Stores Company and assumed by Macy’s in conjunction with its acquisition of May in
The 2035 debentures will be redeemed at par together with interest accrued and unpaid to the redemption date.