MACYS INC

Ticker: M CUSIP: 55616P104 Class: Common Stock

GARNET EQUITY CAPITAL HOLDINGS, INC.'s Holding History (CIK: 0001423876)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 100,000 Value ($000) $6,575 Avg Close $60.49 Range $54.84 - $66.59

Q3 2014

Shares 120,000 Value ($000) $6,982 Avg Close $59.28 Range $55.81 - $63.10

Q2 2014

Shares 100,000 Value ($000) $5,802 Avg Close $58.04 Range $54.82 - $61.26

Q1 2014

Shares 80,000 Value ($000) $4,743 Avg Close $55.60 Range $50.05 - $59.95

Q4 2013

Shares 83,300 Value ($000) $4,448 Avg Close $48.46 Range $42.18 - $54.07

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	100,000	$6,575	$60.49	$54.84 - $66.59
Q3 2014	120,000	$6,982	$59.28	$55.81 - $63.10
Q2 2014	100,000	$5,802	$58.04	$54.82 - $61.26
Q1 2014	80,000	$4,743	$55.60	$50.05 - $59.95
Q4 2013	83,300	$4,448	$48.46	$42.18 - $54.07