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Bloomingdales is an upscale department store owned by Macys, Inc. It was founded in 1861. Brothers Joseph and Lyman G. Bloomingdale founded Bloomingdales in 1861, when they began selling hoop skirts in their Ladies Notions' Shop on Manhattans Lower East Side. The pair were sons of Benjamin Bloomingdale, a Bavarian-born salesman who had lived in North Carolina and Kansas, and settled in New York City. In 1872, the Bloomingdale brothers opened their first store at 938 Third Avenue, New York City. As the hoop skirts popularity was declining, the brothers closed their East Side Bazaar in 1872, in a small row house on Third Avenue and 56th Street, selling a variety of garments such as ladies' skirts, corsets, "gents furnishings", and European fashions. At the time the East Side was a working class neighborhood with shanty towns, garbage dumps, and stockyards. Most of their customers and competitors were in the Upper West Side, and at that time most "respectable" stores only specialized in one trade.


Revenue$1 billion
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