Federated Ranks Number 20 on the 2006 DiversityInc ``Top 50 Companies for Diversity'' List.CINCINNATI -- Federated Connected and treated as one. See federated database and federated directories. Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , Inc. (NYSE NYSE See: New York Stock Exchange :FD)(NYSE Arca:FD) today announced that it has been ranked number 20 on the 2006 DiversityInc "Top 50 Companies for Diversity" list. Federated is the only retailer to make the Top 50 list. The DiversityInc list, in its sixth successful year of empirically and objectively demonstrating corporate diversity success, is considered the nation's most credible business list for diversity. A total of 256 companies, a 100 percent increase over the last three years, competed for a spot on the highly coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. list. The list of winners was announced yesterday on www.DiversityInc.com and a more detailed analysis of the winners and the results will be featured in the June issue of DiversityInc magazine. New this year was the requirement that companies on The DiversityInc Top 50 Companies for Diversity list demonstrate consistent strength in the four areas the survey measures. Also, more weight was given to CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Commitment, the most crucial of the four areas measured. The others are Human Capital, Corporate Communications and Suppler Diversity. "Federated Department Stores' commitment to diversity starts with its CEO and extends to all aspects of its business," said Luke Visconti, partner and cofounder co·found tr.v. co·found·ed, co·found·ing, co·founds To establish or found in concert with another or others. co·found of DiversityInc. "As a Top 50 company, Federated demonstrated strong unbiased recruitment and retention as well as excellence in communications and supplier diversity. It is a commitment to these management practices that have earned Federated the recognition on the Top 50 list." "Diversity is an important and holistic strategy for Macy's and Bloomingdale's," said Terry J. Lundgren Terry J. Lundgren (b. 1952) is the CEO, Chairman of the Board, President, and Director at Macy's, Inc., the parent company of Macy*s and Bloomingdale's department stores. Lundgren is also the namesake of the Terry J. , chairman, president and CEO of Federated. "It's aligned with our business priorities and integrated into all areas of our business: workforce initiatives, marketing, supplier diversity, communication and community partnerships. Reflecting a diverse marketplace is good for our customers, associates, suppliers and shareholders. Simply put, diversity is key to our business and we are delighted to be recognized as part of DiversityInc's Top 50." Federated, with corporate offices in Cincinnati and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , is one of the nation's premier retailers, with fiscal 2006 sales expected to be more than $27 billion. Federated operates more than 850 department stores and more than 720 bridal and formalwear stores in 49 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , Guam and Puerto Rico under the names of Macy's, Bloomingdale's, Famous-Barr, Filene's, Foley's, Hecht's, Kaufmann's, Lord & Taylor, L.S. Ayres, Marshall Field's, Meier & Frank, Robinsons-May, Strawbridge's, The Jones Store, David's Bridal, After Hours Formalwear After Hours Formalwear is a clothier business that specializes in the renting and selling of formal wear for men, especially tuxedos and business suits. It is specifically popular for weddings and school dances like prom, homecoming, and winter formal. and Priscilla of Boston. The company also operates macys.com and Bloomingdale's By Mail. (Note: Additional information on Federated, including past news releases, is available at www.fds.com/pressroom). DiversityInc is published by Allegiant Media, a privately owned company with no outside investors. Launched in 2002 as an extension of DiversityInc.com, DiversityInc magazine is the nation's leading source of information for cutting-edge knowledge of the business case for diversity. DiversityInc magazine offers readers more in-depth articles and substantive analysis, building on the company's history as the premier expert on reporting and analyzing diversity issues and their impact on U.S. business and society. |
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