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Macy’s to invest $5B in social responsibility efforts

March 1, 2022

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With Mission Every One Macy’s is making it clear that it is committed to being a socially responsible company.

The new platform, CEO Jeff Gennette said, is a way to show how the retailer is doing that work. “We are transforming our business from a position of legacy to one of leadership,” he said in a statement. “In this evolution, how we run the business is as important as what we sell.”

Under its “people” pillar Macy’s will invest in underrepresented designers, brands and partners across its namesake and Bloomingdale’s brands. The company also will achieve 30% ethnically diverse representation at the director level and above by 2025. Macy’s reiterated its stance that it will invest in education benefits and will boost minimum hourly pay to $15 per hour by May 1.

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