Exhibit 12.1

Federated Department Stores, Inc.
Computation of Historical Ratios of Earnings to Fixed Charges(a)
(in millions, except ratio data)

	26 Weeks
	Ended		Fiscal Year Ended
	7/29/2006		1/28/2006		1/29/2005		1/31/2004		2/1/2003		2/2/2002
Income from continuing operations before income taxes	$	205	$	2,044	$	1,116	$	1,084	$	1,048	$	764
Add: Interest Expense		265		422		299		266		311		347
Portion of rents representative of the interest factor		71		122		91		132		130		126
Adjusted Income	$	541	$	2,588	$	1,506	$	1,482	$	1,489	$	1,237
Fixed Charges:
Interest Expense	$	265	$	422	$	299	$	266	$	311	$	347
Capitalized Interest		6		1		—		—		1		3
Portion of rents representative of the interest factor		71		122		91		132		130		126
Total Fixed Charges	$	342	$	545	$	390	$	398	$	442	$	476
Ratio of earnings to fixed charges		1.6x		4.7x		3.9x		3.7x		3.4x		2.6x

(a) For purposes of determining the ratio of earnings to fixed charges, earnings consist of income from continuing operations before income taxes plus fixed charges (excluding interest capitalized). Fixed charges represent interest incurred, amortization of debt expenses, and that portion of rental expenses on operating leases deemed to be the equivalent of interest.