After a string of seven business failures, Roland Macy finally hit the jackpot in 1858 when he founded his own department store, named R.H. Macy's & Co. The New York City store, located at 204-206 6th Ave and 14th street was a ‘fancy dry goods store’ and packed with a variety of useful products. It was an immediate success. Today, Macy's is the biggest department store in the world. The red Macy’s star apparently came from one tattooed on Mr. Macy’s arm (a tribute to the star that guided him when he was lost at sea).