Stull, Stull & Brody Announces Investigation Relating to Class Action on
Behalf of Shareholders of Macy's Inc. (f/k/a Federal Department Stores, Inc.)

ATTORNEY ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME.

NEW YORK, June 14, 2007 — Notice is hereby given that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of publicly traded securities of Macy’s Inc. (“Macy’s”) (NYSE: M - News) (formerly known as Federated Department Stores, Inc.) (formerly NYSE:FD - News), during the period between February 8, 2007 and May 15, 2007 (the “Class Period”).

Stull, Stull & Brody has substantial experience representing employees who suffered losses from purchases of their employer’s stock in their 401(k) plans. If you bought Macy’s stock through your Macy’s retirement account and have information or would like to learn more about these claims please contact us.

The lawsuit alleges that Macy’s and certain of its officers and directors (“Defendants”) violated the Securities Exchange Act of 1934 through misstatements and omissions that caused Macy’s shares to trade at artificially inflated prices throughout the Class Period. The lawsuit alleges that Defendants concealed Macy’s failure to integrate the May Department Stores Co. (“May”) and the Company’s diminished sales growth and deteriorating business which caused the Company’s sales projections to be grossly overstated. The lawsuit alleges that Defendants’ positive statements had their intended effect and caused the Company’s stock price to reach a Class Period high of $46.70 by March 23, 2007.

According to the complaint, Macy’s stock price plummeted between May 10, 2007 and May 15, 2007, as the Company disclosed that customers of the former May stores had actually rejected the rapid conversion to Macy’s; sales at the Company’s new Macy’s stores had declined during the first quarter of 2007; and Macy’s decision to dramatically cut the number of days that coupons could be used at the former May locations negatively impacted sales. Upon these disclosures, the Company’s stock price plunged to a price nearly 18% lower than its Class Period high, eliminating over $3 billion in market capitalization.

If you purchased Macy’s common stock during the Class Period, you may request that the Court appoint you as lead plaintiff no later than August 3, 2007. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members and that the class member will adequately represent the class. Under certain circumstances, one or more class members may serve together as “lead plaintiff.” Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Stull, Stull & Brody or other counsel of your choice to serve as your counsel in this action. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 30 years and has obtained court approval of substantial settlements on numerous occasions.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Tzivia Brody, Esq. at Stull, Stull & Brody by e-mail at ssbny@aol.com, by calling toll-free (800) 337-4983, or by fax to (212) 490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com. Stull, Stull & Brody has offices in New York and Los Angeles.

ATTORNEY ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME.

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