Market Overview

Macy's, Inc. Board Declares Quarterly Dividend

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The board of directors of Macy's, Inc. (NYSE:M) today declared a regular
quarterly dividend of 37.75 cents per share on Macy's, Inc.'s common
stock, payable October 1, 2018, to shareholders of record at the close
of business on September 14, 2018.

About Macy's, Inc.

Macy's, Inc. is one of the nation's premier retailers. With fiscal 2017
sales of $24.837 billion and approximately 130,000 employees, the
company operates more than 690 department stores under the nameplates
Macy's and Bloomingdale's, and more than 170 specialty stores that
include Bloomingdale's The Outlet, Bluemercury, Macy's Backstage and
STORY. Macy's, Inc. operates stores in 44 states, the District of
Columbia, Guam and Puerto Rico, as well as macys.com,
bloomingdales.com
and bluemercury.com.
Bloomingdale's stores in Dubai and Kuwait are operated by Al Tayer Group
LLC under license agreements. Macy's, Inc. has corporate offices in
Cincinnati, Ohio, and New York, New York.

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

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