In 1858, entrepreneur Rowland Hussey Macy moved to New York City after several business failures in Haverhill, Massachuusetts. In New York, he established a new dry goods store called R. H. Macy & Co. farther north than similar establishments on Sixth Avenue between 13th and 14th Streets. On its first day of business, the store had total sales of just over $11 dollars. On December 7, 1944, having moved even farther north to Herald Square between 34th and 35th Streets and Broadway and 7th Avenue, Macy’s announced sales of $1 million for the first time.
Macy’s move to Herald Square wasn’t a smooth transition. At the turn of the century, Macy’s began acquiring property in Herald Square, quickly snapping up all but one plot at the corner of Broadway and 34th. Macy’s had a verbal agreement for its purchase, but in 1911 an agent representing Macy competitor Siegel-Cooper upended the deal, paying the unheard of price of $1 million for what has come to be known as the Million Dollar Corner. Siegel-Cooper hoped to work out a trade for Macy’s 14th Street store, but Macy wouldn’t bite. The new store was built around the corner plot. A few years later, probably just to annoy the Macy’s folks, Siegel-Cooper built a five-story building on it.
These days, the five-story building is leased by Macy’s and is hidden behind a giant shopping bag facade, proclaiming Macy’s to be the world’s largest store.











