Is Macy’s Thanksgiving Parade Its Most Valuable Asset? (Update)

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4d ago 52:31

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The iconic department store calls the parade its “gift to the nation.” With 30 million TV viewers, it’s also a big moneymaker — at least we think it is: when it comes to parade economics, Macy’s is famously tight-lipped. In this 2024 episode, we try to loosen them up. (Part one of a two-part series.)

SOURCES:
- John Cheney, carpenter at Macy’s Studios.
- Will Coss, vice president and executive producer of Macy’s Studios.
- Jeff Kinney, author, cartoonist, and owner of An Unlikely Story Bookstore and Café.
- Kevin Lynch, vice president of global helium at Messer.
- Jen Neal, executive vice president of live events and specials for NBCUniversal Entertainment.
- Tony Spring, chairman and C.E.O. of Macy’s Inc.
- Jessica Tisch, New York City police commissioner, former commissioner of the New York City Department of Sanitation.
- Dawn Tolson, executive director of Citywide Event Coordination and Management and the Street Activity Permit Office for the City of New York.

RESOURCES:
- Macy’s: The Store. The Star. The Story., by Robert M. Grippo (2009).
- History of Macy’s of New York, 1853-1919: Chapters in the Evolution of the Department Store, by Ralph M. Hower (1943).
- Macy’s Thanksgiving Day Parade.

EXTRAS:
- "Helium," by The Economics of Everyday Things (2024).

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