Macy's, Inc. is known for having very strong leadership development; the company has been described as the "Harvard of Retailing." We believe that great leadership equals great performance, and the company has an exceptional reputation for providing meaningful training and giving people lots of responsibility early in their careers

For senior executives, we created the Leadership Institute - an award-winning "corporate university" - to strengthen leadership and business management skills of our top 2,000 executives. Introduced in 1999, the Leadership Institute has been highly successful in honing the skills of store managers, divisional merchandise managers, support equivalents and their managements.

"Lessons learned from the Leadership Institute are invaluable," said Terry Lundgren, Macy's, Inc. chairman, president and CEO. "Besides the strong partnerships that are developed, participants learn how to become better managers, which helps drive the business. The best executives are those who can pick good people, help them grow and allow them to operate independently so that, collectively, we can get the job done."