employeesavings.com, the leading provider of Web-based work/life solutions used by Fortune 500 companies to attract and retain employees, today announced that it will provide Macy's West's 45,000 employees in more than 100 stores with an extensive array of customized work/life products and services.

employeesavings.com's work/life solutions will give Macy's West employees access to time-and money-saving products and services, as well as to community-building communication tools, through customized Web sites, printed catalogs and point-of-purchase value cards developed by employeesavings.com. employeesavings.com provides exclusive values on premium consumer products and services through its network of more than 600 regional and national marketing partners. The program is designed to enhance employees' quality of life by saving them valuable time and money, and increasing their sense of community, belonging and support in the workplace.

"Macy's West selected employeesavings.com because of its genuine commitment to help employees achieve work/life balance by offering them quick and easy access to quality of life enhancing products and services," said Michael Montanino, Macy's West executive vice president of Human Resources.

With the continued blurring of employees' personal and professional lives and the most competitive labor market in 30 years, companies are seeking creative work/life solutions like those offered by employeesavings.com. employeesavings.com's work/life solution is now available to 1.7 million corporate employees and their families, up from 1.2 million in February 2000.

"employeesavings.com looks forward to working with retail industry leader Macy's West to enhance their work/life employee programs. Their commitment to work/life demonstrates a growing trend among thought leaders to identify and implement the solutions that assist employees with work/life balance and result in greater productivity," said employeesavings.com President and CEO Norman Behar.

Macy's West joins Agilent Technologies, The Boeing Company, Charles Schwab, the Association of Compaq Employees, Eddie Bauer, Hewlett-Packard Company, Microsoft, Nordstrom, Northwest Airlines, 3M and other innovative thought-leading corporations as clients of employeesavings.com.

About employeesavings.com

Formed in 1997, employeesavings.com is the leading provider of Web-based work/life solutions used by Fortune 500 employers to attract and retain employees. The company's product categories include Employer Sponsored Value Plans (ESVP(TM)s) and its suite of Web-based HR administrative tools. employeesavings.com's cornerstone product, the ESVP, is a free, customized employee value program providing employees with savings on premium products and services. employeesavings.com negotiates exclusive offers on groceries, apparel, electronics, sports equipment, cars, entertainment, travel, financial and insurance services, and more -- all at no cost to employers. Hundreds of discrete savings and special offers are aggregated into a single plan, administered by employeesavings.com under the ESVP umbrella. Corporate employees may access ESVP savings 24 hours a day, seven days a week through an employer-branded extranet Web site, a printed catalog or an employeesavings.com value card accepted at participating retailers.

The suite of Web-based tools includes real-time ESVP reporting, employee classified ads, calendars and other Web-based tools that reinforce corporate culture. The privately held company is backed by Benchmark Capital, Crosslink Capital, Goldman, Sachs & Co. and others, and is based in Bellevue, Wash. employeesavings.com is endorsed by the Employee Services Management Association and may be found on the Internet at www.employeesavings.com.

About Macy's West

Macy's West operates over 100 Macy's department stores west of the Mississippi River. The company is a subsidiary of the Federated Department Stores (NYSE:FD). Federated, with corporate offices in Cincinnati and New York, is one of the nation's leading department store retailers, with annual sales of more than $17.3 billion. Federated currently operates more than 400 department stores in 33 states, under the names of Bloomingdale's, The Bon Marche, Burdines, Goldsmith's, Lazarus, Macy's, Rich's and Stern's. Federated also operates the Fingerhut, Bloomingdale's By Mail, Macy's By Mail and Macy's.com direct-to-consumer catalog and electronic commerce subsidiaries.

Federated Direct, Inc.

Federated Direct, Inc.

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