By  on October 30, 2008

Macy’s 150th birthday is being celebrated coast-to-coast, but the national chain staged its biggest bash Tuesday in New York, the department store’s hometown. Macy’s served up cocktails, fireworks and a red carpet for the top brass as well as 1,200 employees, celebrities, designers and vendors at Gotham Hall, a block from the Herald Square flagship. The timing was perfect, with the Dow soaring almost 900 points and taking Macy’s Inc. up 15.9 percent.

“It’s the Barack [Obama] bounce,” said shoe designer Steve Madden. “He’s so fashionable, with it and cool — he’ll be great for the fashion industry.”

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