Business & Finance: Bamberger to Macy

"I want you to notice this corner very carefully. Florence. A half-century hence the business of New York will be centred between 34th and 42nd Streets. Here is to be the future business of this wonderful city."

So, in 1870, said Captain Rowland H. Macy, onetime whaling skipper, then a storekeeper, to his daughter. Thirty-two years later the R. H. Macy & Co. store was located on the corner (34th and Broadway) which the Captain had pointed out. Last week Macy's climaxed more than 70 years of steady...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!