[JONES DAY LETTERHEAD]

July 11, 2013

Mr. Andrew Mew

Accounting Branch Chief

Securities and Exchange Commission

Division of Corporation Finance

100 F Street, N.E.

Mailstop 3561

Washington, D.C. 20549

Re: Macy's, Inc.

Form 10-K for the Fiscal Year Ended February 2, 2013

Filed April 3, 2013

Response dated June 25, 2013

File Number 1-13536                    

Dear Mr. Mew:

On behalf of Macy's, Inc. (the “Company”), we are writing to respond to your letter dated July 9, 2013 containing a comment of the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) in regard to the above-referenced filing and response.

The Company's response to the comment presented in your letter is set forth below. The text of the applicable comment precedes the Company's response.

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations, page 14

Important Information Regarding Non-GAAP Financial Measures, page 16

1. We note your response to prior comment 4. In future filings, please expand your ROIC disclosure to more clearly indicate that including the net rent expense that is multiplied by a factor eight is to approximate a capitalized value of non-capitalized leases consistent with industry and credit rating agency practice, and that the specified assets and liabilities that are subjected to a four point average is to compensate for seasonal fluctuations.

Response: The Company will add the requested disclosures in future filings.

* * * * * * *

Mr. Andrew Mew

Securities and Exchange Commission

July 11, 2013

Page 2

The Company hereby acknowledges that:

• The Company is responsible for the adequacy and accuracy of the disclosures in the filing;

• Staff comments or changes to disclosure in response to Staff comments do not foreclose the Commission from taking any action with respect to the filing; and

• The Company may not assert the action as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

If you have any questions regarding the foregoing, please do not hesitate to contact me at (214) 969‑3704, or by facsimile at (214) 969‑5100.

Very truly yours,

/s/ Mark E. Betzen

Mark E. Betzen

cc:    Scott Stringer, United States Securities and Exchange Commission

Karen M. Hoguet, Macy's, Inc.

Dennis J. Broderick, Macy's, Inc.

Linda J. Balicki, Macy's, Inc.

Joel A. Belsky, Macy's, Inc.

Scott Flynn, KPMG LLP