Body and Spirit Magazine

 

 








 


Click Logo To Page

Federated Prepares to Absorb May Department Stores

The American retailing industry is witnessing the absorption of The May Department Stores Company ["May"] into the Federated Department Store group of companies. Pending federal approval, Federated will sell off as many as 68 May stores after the upcoming holiday season is complete. How this plan will affect shoppers is only beginning to now be realized.

When Federated announced their interest in acquiring May earlier this year, not too many people were surprised. Yes, the size of the acquisition is huge and some wondered aloud how Federated would fit May into the fold, especially with a huge overlap of store brands and locations. Still, Federated was looking at the merger as an opportunity to expand their venerable Macy's name to areas of the country not served by the chain.

With the pending acquistion we know the following:

  • All 330 May's stores will be converted to the Macy's brand.

  • Long time brand names such as Filene's, Hecht's, and Kaufmann's will disappear.

  • Lord and Taylor, with 58 stores, will remain a brand and could be expanded, as well as Marshall Fields which has 60 stores.

  • The 243 David's Bridal stores, 453 After Hours Formalwear stores, and 11 Priscilla of Boston stores compromising May's Bridal Group will probably be left alone.

    Analysts are concerned that the bigger Macy's brand may run into some difficulty. Long accustomed to serving a higher end clientele, Macy's may find it difficult selling their wares in stores throughout the heartland that is currently dominated by the likes of Target and WalMart. Income levels in many of these served areas are far lower than the major metropolitan areas where Macy's dominates. Some are wondering if the Macy's name will have to "drop down" to accommodate the new markets.

    It has been forecast that federal approval will given by the end of the third quarter, just in time for the big holiday shopping season. Federated's present to itself this Christmas season will be a bigger retail family to support; time will tell if consumers "buy into" the expanded retail giant or go elsewhere in search of other opportunities, especially in the heartland where the Macy's brand is currently unavailable.

    Regardless, 2006 will shape up as a year of change with recognized store brand names such as Filene's disappearing and with the Macy's name expanding. Let's see how the American consumer reacts!




    Summary
    Federated Prepares to Absorb May Department Stores
    The American retailing industry is witnessing the absorption of The May Department Stores Company ["May"] by the Federated Department Store group of companies. Pending federal approval, Federated will sell off as many as 68 May stores after the upcoming holiday season has been completed. How this plan will affect shoppers is only beginning to now be realized.

    Keywords:
    Federated Department Stores, Macy's, Filene's, May's, Lord and Taylor, David's Bridal Shops

    Word Count:406

    [#1598 of 2596] -end


    NEW Articles of the day for
    Body and Spirit Magazine

    [an error occurred while processing this directive]

  •   Visit Our Advertisers -
    They help keep this service FREE!

    NEW Ads every day in
    Body and Spirit Magazine

    I USED TO BE ON A FIXED INCOME.
    NOT ANYMORE!

    Let Me Send You Some Of The Great Programs Which Got Me Off Food Stamps and Into A Better Ride!
    These Programs Are The Best!
    Send #10 LSASE and 2 loose Forever Stamps:
    HONEST PROGRAMS
    P.O. Box 159 C
    Rocky Point, NC 28457-0159

    JOBS POWERBALL
    JACKPOT
    FUND RAISER

    To enter, purchase Proxene ES 90 capsules, (an anti-aging supplement), for one of the following prices that you can afford:
    [ ]$50. [ ]Up to $120.
    [ ]More than $120.
    This is a fund raiser so Medicare or Medicaid are not accepted.
    Checks are preferred.
    I will accept money orders and credit cards.
    No orders accepted by E-Mail.
    Allow up to 4 weeks for delivery of Proxene ES 90.
    Send your order to:
    DR. LEMMIE PINKNEY, M.D.
    4075 KAHNVILLE RD.
    GLOSTER, MS 39638

    FREE REPORT!
    How To Legally Make $100.00's To $1'000.00's Of Dollars

    Working From The Comfort-Privacy Of Your Home-Residency.
    No Experience Needed.
    For Free Report, Send 3 Forever Stamps, Shipping And Handling to:
    MILTON DOUGLAS
    POB 200043
    JAMAICA, NY 11420
    Related Opportunities At:
    http://www.miltonsopportunityknockers.info/index.html

    FINALLY START MAKING MONEY

    By Marketing Your Own Products and Ideas
    Or Others' Products And Ideas!
    Send $1.00 Plus 2 F/C Stamps to:
    JAMESINA WENTZ
    412 E. 7th. St., Apt.2
    The Dalles, OR 97058

    FREE FULLER BRUSH-STANLEY CO.
    Dealership, Website & Hosting.

    Earn Money Working From Home.
    1-410-674-0030
    Join:www.FullerBrushgetstarted.com
    Shop at: www.FullerDirect.com
    ENTER Log in #1417663



    Body and Spirit Magazine

    Body and Spirit Magazine - COPYRIGHT - ALL RIGHTS RESERVED

     

    COPYRIGHT 2001 ALL RIGHTS RESERVED