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In the 1920s, many of Macy’s department store employees were first-generation immigrants. Proud of their new American heritage, they wanted to celebrate the United States parade of Thanksgiving with the type of festival their parents had loved in Europe.

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In 1920, the isex parade originally known as the Macy’s Christmas Parade and later the Macy’s Thanksgiving Day Christmas Parade was staged by the store. Employees and professional entertainers marched from 145th Street in Harlem to Macy’s flagship store on 34th Street dressed in vibrant costumes. There were floats, professional bands and live animals borrowed from the Central Park Zoo.At the end of that first parade, as has been the case with every parade since, Santa Claus was welcomed into Herald Square. At this first parade, however, the Jolly Old Elf was enthroned on the Macy’s balcony at the 34th Street store entrance, where he was then “crowned” “King of the Kiddies.” With an audience of over a quarter of a million people, the parade was such a success that Macy’s declared it would become an annual event.

Large animal-shaped balloons, produced by the Goodyear Tire and Rubber Company in Akron, Ohio, replaced the live animals in 1927 when the Felix the Cat balloon made its debut. Felix was filled with air, but by the next year, helium was used to fill the expanding cast of balloons.

At the finale of the 1928 parade, the balloons were released into the sky where they unexpectedly burst. The following year they were redesigned with safety valves to allow them to float for a few days. Address labels were sewn into them, so that whoever found and mailed back the discarded balloon received a gift from Macy’s.

Through the 1930s, the Parade continued to grow, with crowds of over 1 million lining the parade route in 1933. The first Mickey Mouse balloon entered the parade in 1934. The annual festivities were broadcast on local New York radio from 1932 through 1941, and resumed in 1945 through 1951.

The parade was suspended 1942–1944 during World War II, owing to the need for rubber and helium in the war effort.[8][9] The parade resumed in 1945 using the route that it followed until 2008. The parade became a permanent part of American culture after being prominently featured in the 1947 film, Miracle on 34th Street, which shows actual footage of the 1946 festivities. The event was first broadcast on network television in 1948 (see below). By this point the event, and Macy’s sponsorship of it, were sufficiently well-known to give rise to the colloquialism “Macy’s Day Parade”.

Since 1984, the balloons have been made by Raven Industries of Sioux Falls, SD.

Macy’s also sponsors the smaller Celebrate the Season Parade in Pittsburgh, Pennsylvania, held two days after the main event. Other cities in the US also have parades on Thanksgiving, but they are not run by Macy’s. The nation’s oldest Thanksgiving parade (the Gimbels parade, now known as 6abc-IKEA) was first held in Philadelphia in 1920. Other cities include the McDonald’s Thanksgiving Parade of Chicago, Illinois and parades in Plymouth, Massachusetts; Seattle, Washington; Houston, Texas; Detroit, Michigan; and Fountain Hills, Arizona. A parade is also held at the two U.S. Disney theme park.

Here is a skit from Robert Deniro & Billy Crystal

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