Banks' Own `Crowding Out,' Daimler Buybacks, Loews's L: Timshel Jun 19, 2008
Macy's, a Cincinnati-based company that went with M as its ticker after changing its name from Federated Department Stores Inc., has 45 percent since making the shift. Seven letters are still available: H, I, J, P, U, W and Z.. (Bloomberg -- Columnists)
"L" Is for Loews -- Tisch Family Wins Coveted Ticker Jun 17, 2008
Macy's Inc shares, for example, had through Friday fallen 45 percent since the department store retailer took the "M" ticker on June 1, 2007, after changing its name from Federated Department Stores Inc.. 1. (ABC News -- Wire)
Kirkland Ousts Weil Gotshal as Bankruptcy Leader After Bienenstock Bolts Jun 3, 2008
6 billion bankruptcy of Federated Department Stores Inc. and the $3. 3 billion restructuring of Solutia Inc.. (Bloomberg)
As speculation of brewery deal grows, concerns mount in St. Louis May 29, 2008
May Department Stores announced in 2005 that it would be purchased by a rival, Federated Department Stores, based in Ohio and now named Macy's, just after Pulitzer, publisher of the St. Louis Post-Dispatch, said it would be bought by Lee Enterprises, based in Iowa. More recently, the brokerage firm A.G. Edwards was purchased by Wachovia, based in North Carolina. (International Herald Tribune -- Business)
Getting hooked May 28, 2008
Since its launch in 1990, International Hanger has made its mark by providing customized wooden hangers for designers such as Polo Ralph Lauren, Tommy Hilfiger, Liz Claiborne and BCBG. The company also makes wooden hangers for large retailers such as Dillard's Inc. and Federated Department Stores Inc., which owns Macy's. The company also provides wooden hangers to major hotels and resorts, cruise lines, and golfing clubs and retailers. (Austin Business Journal, TX)
St. Louis worries it may lose Anheuser-Busch May 28, 2008
May Department Stores Inc. announced in 2005 it would be purchased by Ohio-based rival Federated Department Stores Inc., just after Pulitzer Inc., publisher of the St. Louis Post-Dispatch, announced it would be bought by Iowa-based Lee Enterprises Inc. More recently, brokerage firm A.G. Edwards Inc. was purchased by North Carolina-based Wachovia Corp.. InBev has not yet made an official offer for Anheuser-Busch. (Anchorage Daily News)
Macy's signs deal to put FAO Schwarz in its stores May 18, 2008
Macy's, formerly known as Federated Department Stores, operates more than 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's. Our two brands have a combined history of 296 years of bringing joy and retail magic to consumers, said Edward Schmults, chief executive officer of FAO Schwarz. (San Diego Union-Tribune -- Business)
FAO Schwarz to sell toys in Macy's May 17, 2008
Macys, formerly known as Federated Department Stores Inc., operates more than 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico, under the names of Macys and Bloomingdales. I think its a fantastic opportunity for us to drive our market share, Schmults said. (MSNBC -- Business)
DENNY (DEMOSTHENES) G. ARVANITES, 77, May 14, 2008
Mr. Arvanites joined Federated Department Stores in Dayton, Ohio in 1955 as an executive trainee. He and his family later relocated to Dallas, Texas with Federated. (Green Valley News & Sun, AZ)
Scripps Names Board Directors for Post-Separation Companies May 13, 2008
-- Jarl Mohn, trustee, Mohn Family Trust, and retired president and chief executive officer, Liberty Digital Inc. -- Jeffrey Sagansky, co-chairman and chief executive officer of Peace Arch Entertainment; chairman of Elm Tree Partners; and chairman, People's Choice Cable TV. -- Ronald W. Tysoe, former senior advisor, Perella Weinberg Partners LP and former vice chairman of Federated Department Stores Inc. (now Macy's Inc.). Also joining the Scripps Networks Interactive board will be Dale Pond,... (Yahoo! Wire -- Entertainment News)
Harrah's Entertainment Names Four Additional Members to Board of Directors Apr 9, 2008
She has held management positions at Victoria's Secret, The Walt Disney Company, Saks Fifth Avenue and Federated Department Stores. Swann, 56, is president of Swann, Inc., a marketing and communications consulting firm, and managing director of Diamond Edge Capital Partners, LLC, a New York-based finance company. (Yahoo! Wire -- Entertainment News)
Carnegie Hall Medal of Excellence Gala Honoring Terry J. Lundgren Raises $4.2 Million Apr 9, 2008
Terry J. Lundgren assumed the title of Chairman, President, and CEO of Macy's, Inc. (formerly known as Federated Department Stores, Inc.) in January 2004 ... Macy's, Inc. is the parent company of Macy's and Bloomingdale's, and was known as Federated Department Stores, Inc. prior to June 1, 2007. (Yahoo! Wire -- Entertainment News)
Eliot Spitzer's Georgia business targets Mar 16, 2008
Target: James Zimmerman, former chief executive of Federated Department Stores. Georgia connection: Chairman of the company's Atlanta-based Rich's division in the 1980s. (Atlanta Journal-Constitution -- Business)
Escondido, Westfield near agreement on lease (775) Mar 3, 2008
The talks took on an added dimension last July, when Federated Department Stores announced its plans to merge with its competitor and consolidate its Robinsons-May stores under the name Macy's. That meant closing Robinsons-May stores in competitive markets with Macy's, including two at the Escondido center. (North County Times)
Finlay fine jewelers to close 94 Macy's locations Feb 11, 2008
In September 2005, the company as a result of the Federated Department Stores acquisition of St. Louis-based May Department Stores. Federated, which completed its $11 billion acquisition of May Department Stores on Aug. 30, 2005, changed its name to Macy's Inc. (NYSE: M) in June 2007. (St. Louis Business Journal, MO)
J.C. Penney's Ullman Bets New Clothing Line Will Spark Second Turnaround Feb 8, 2008
Ullman's resume includes guiding R.H. Macy & Co. through bankruptcy in the 1990s and through its merger with Federated Department Stores Inc. in December 1994 ... Questrom, 67, came to J.C. Penney after stints leading Neiman Marcus, Barney's New York Inc. and bringing the former Federated Department Stores out of bankruptcy. (Bloomberg -- US)
Retailer launches new initiatives Feb 7, 2008
Frank Guzzetta, Bob Soroka, Bill McNamara and Brian Keck are outstanding retailers who have been instrumental in the transition of the Macy's North and Macy's Midwest organizations after the acquisition of The May Department Stores Company in 2005," Lundgren said. Gennette, 46, has been chairman and chief executive officer of Macy's Northwest since February 2006. For the previous two years, he served at Macy's Central in Atlanta as executive vice president and director of stores. Gennette was... (USA Today -- Money)
Hawaiian Telcom ousts CEO Feb 6, 2008
August 2007-present: American Home Mortgage Investment Corp., chief restructuring officer February 2007-present: Collins n Corp., chairman/ interim CEO; chair since 2005 2002-present: Kroll Zolfo Cooper, chairman March 2006-June 2006: Krispy Kreme Doughnuts Inc., chief restructuring officer; CEO from January 2005-March 2006 1985-September 2002: Kroll Zolfo Cooper 1995-1996: Morrison Knudsen Corp., adviser 1990-1992: Federated Department Stores, adviser Jan. 2002-unknown: Enron Corp., interim... (Honolulu Star-Bulletin)
Fortunoff to be Acquired by Affiliate of NRDC Equity Partners, The Owner Of Lord & Taylor Feb 4, 2008
Its most recent transaction was the acquisition of Lord r from Federated Department Stores. SOURCE Fortunoff. (PR Newswire)
A look at 3 people mentioned for Sears CEO Feb 2, 2008
Headed other retail giants, including Federated Department Stores to Barneys New York Inc.. Con: Will want to maintain that record. (Crain's Chicago Business)
Cintas Corporation nomme Ron Tysoe au conseil d'administration Jan 21, 2008
sident en finance et immobilier chez Federated Department Stores, Inc. (aujourd hui Macy s, Inc.), un poste qu il occupait depuis avril 1990. M. Tysoe a servi en qualit. (BusinessWire)
Designers sponsor a 'sizing census' Jan 20, 2008
The federal government has provided a grant, and major retailers and clothing manufacturers -- including Federated Department Stores, Target Corp. and Liz Claiborne Inc. -- are sponsoring the survey with additional financing or donations of gift cards to help recruit participants. A modern study of the size and shape of Americans hasn't been done before, TC2 executives say. (Sunspot.net -- Business)
What's In A Name For Matsushita Jan 11, 2008
In 2007, for example, Federated Department Stores changed its name to Macy s (nyse: - - ), its iconic retail chain. By aligning our corporate name with our largest brand, we will increase the visibility of the company with customers, leverage the world-famous Macy s brand name, and get more credit for our accomplishments in the marketplace, , Macy's chief executive, said in 2007. (Forbes -- Markets)
Federated sells Lord & Taylor for $1.2B Jan 5, 2008
Cincinnati-based Federated Department Stores (NYSE: FD) operates nearly 950 department stores and more than 700 bridal and formalwear stores in 49 states, the District of Columbia, Guam and Puerto Rico. Related Industry News. (St. Louis Business Journal, MO)
Northlich agency has new owner Jan 4, 2008
She has also held management positions at Arthur Andersen, Federated Department Stores and. Serrianne joined Northlich in 1974, becoming CEO in 1998. (Cincinnati Business Courier, OH)
Scan files for bankruptcy Dec 29, 2007
Retailers including Wal-Mart and Federated Department Stores have reported weak sales for furnishings this year. And Texas-based Bombay Co., known for its mall locations, filed for bankruptcy, liquidated its stores and last week sold its brand name at a New York auction. (Sunspot.net -- Business)
Gift card business is booming Dec 22, 2007
"This holiday more than ever, gift cards are going to be a big, big deal," said Love Goel, CEO of Growth Ventures Group and a former top executive at Federated Department Stores. Retailers, too, are wild about gift cards. (Houston Chronicle)
Settling for `Hold,' Rite Aid Morass, 1-Letter Revival: Timshel Dec 22, 2007
Macy's Inc., previously Federated Department Stores Inc., was the first. The Cincinnati-based company switched its stock symbol to M from FD on June 1, when the name change took effect. (Bloomberg -- Columnists)
Madison Marquette fined over license dispute Dec 14, 2007
Madison Marquette is a real estate development and advisory firm founded in 1989 by former executives of predecessor, Federated Department Stores. The firm was headquartered in Cincinnati until 2002, when it moved to Washington to reflect its growing national real estate portfolio. (Cincinnati Business Courier, OH)
Groups ask FTC chair to recuse in Google-DoubleClick review Dec 13, 2007
The complaint also notes that Chairman Majoras has recused herself in antitrust matters before the FTC where Jones Day was involved, including in reviews of the Proctor & Gamble acquisition of Gillette, the merger of Valero Energy and Premcor, the Federated Department Stores acquisition of the May Department Stores Company, and Aventis. A says Chairman Majoras recused herself "because her former law firm, Jones Day, represented P&G before the Commission, and Majoras' husband remains an active... (CNET News.com)
The Kennywood Park sale Dec 12, 2007
I'm merely worried that another takeover of a Pittsburgh Icon, be it by a Parque Reunidos of Madrid, or a Federated Department Stores of Cincinnati (albeit masquerading as Macy's of New York), will inevitably lead to changes and a lessening of the ties that have bound such an institution to the community. Will our kids and grandkids know the Kennywood we have known, any more than they will know where the "Kaufman's Clock" is located. (Pittsburgh Post-Gazette, PA)
Former Federated CEO nonexecutive chairman at Deb Shops Dec 12, 2007
The former CEO of Federated Department Stores, Allen Questrom, has been named nonexecutive chairman at clothing retailer. Questrom served as CEO of Cincinnati-based Federated, which has since changed its name to (NYSE: M) from 1990 to 1997. (Cincinnati Business Courier, OH)
A conversation with ValleyCare CEO Marcy Feit Nov 28, 2007
He was an executive for Federated Department Stores for many years and he learned a lot of great lessons working in a Fortune 500 company. He especially helped me when I first became a CEO.. (East Bay Business Times, CA)
Macy's posts profit but pares sales forecast Nov 15, 2007
Macy's, formerly called Federated Department Stores, acquired May Department Stores in 2005 and converted more than 400 of those outlets to the Macy's name last year. In recent months, it boosted promotions to spur traffic at those newer stores, where sales have fallen short of expectations. (ABC News -- Wire)
Macy's turns on charm to court Chicagoans Nov 10, 2007
But by the time Federated Department Stores bought May Co. for $11 billion and started shifting stores to the Macys brand, Marshall Fields reputation eclipsed its reality. Cincinatti-based Federated later renamed itself Macys. (MSNBC -- Business)
Bridal chain says 'I do' to Sioux City Oct 30, 2007
Formerly a division of Federated Department Stores, now Macy's Inc., David's Bridal was sold in early 2007 to an affiliate of Leonard Green ers for about 750 million. The Sioux City David's Bridal, 5001 Sergeant Road, Suite 330, is open from 11 a.m. to 9 p.m. Monday through Friday; 10 a.m. to 6 p.m. Saturday and noon to 6 p.m. Sunday. (Sioux City Journal, IO)
Macy's, Hilfiger pen deal Oct 27, 2007
Federated Department Stores Inc., which completed its acquisition of St. Louis-based May Department Stores Co. Aug. 30, 2005, changed its name to Macy's Inc. (NYSE: M). Latest News. (St. Louis Business Journal, MO)
Ever had a holiday job? Oct 25, 2007
Michael Brown, who managed several Abraham & Strauss stores while at Federated Department Stores until 1996, says it's easier for some retailers to attract and keep good seasonal workers. Brown says stores with passionate customers and loyal customer bases, such as high-end department stores and discounters Target and Wal-Mart, tend to do well. (USA Today -- Money)
Larimer named executive director of Enzian, Florida Film Festival Oct 20, 2007
He also served as the corporate director of public relations and special events for Bloomingdale's under Federated Department Stores, helping launch Orlando's multimillion-dollar, 235,000-square-foot facility at the Mall at Millenia. Enzian Theater is Central Florida's only full-time, not-for-profit cinema for independent and foreign film. (Orlando Business Journal)
Westcor begins $130M renovation to bring Barney's to Fashion Square Oct 10, 2007
It was about two years ago when Macy's owner, Cincinnati-based Federated Department Stores, purchased The May Department Stores Co. Federated, which has since changed its corporate moniker to Macy's, began to consolidate operations nationwide. That involved the closure of the Robinsons-May stores, including the one at Scottsdale Fashion Square last summer. (Phoenix Business Journal, AZ)
Coldwater Creek Co-Founder, Chairman and CEO, Dennis Pence, Announces Plan to Retire as CEO Oct 4, 2007
Prior to joining Coldwater Creek, Mr. Griesemer held leadership positions for Gap Inc. and Federated Department Stores, Inc. "I am honored to be given the opportunity to lead the Coldwater Creek team," said Mr. Griesemer. "The leadership team we have in place is well qualified to take Coldwater Creek forward, and is committed to meeting the needs of our shareholders, customers, and employees. I have total confidence in the Company's ability to execute our on-going strategic initiatives and I... (PR Newswire)
Macy's returning to New Orleans area Sep 28, 2007
Macy's, which changed its name from Federated Department Stores Inc. on June 1, currently has two stores in Baton Rouge, one in Lafayette and one in Lake Charles. Nationwide, the company has more than 850 stores in 45 states, the District of Columbia, Guam and Puerto Rico operating under the names of Macy's and Bloomingdale's. (WWLTV.com, LA)
AP Centerpiece: In a big-box era, an old-school department store shuts down rather than change Sep 26, 2007
The last blow was the former Federated Department Stores Inc.'s purchase of May Department Stores Co. in 2005, where regional department stores such as Marshall Field's, Hecht's and Filene's disappeared last September under the Macy's name. A few independent department stores, such as Stanley Korshak in Dallas and Richards in Greenwich, Conn. (San Diego Union-Tribune -- Business)
Lifetime Of Learning Sep 20, 2007
IBM (nyse: - - ), Federated Department Stores and the public relations firm MWW Group all have in-house universities. The granddaddy of them all is McDonalds' (nyse: - - ) Hamburger University, which has been in existence since the 1960s. (Forbes)
New Kapolei supermall seeking super-tenants Sep 12, 2007
However, a new Macy's department store would mark the company's first expansion in Hawaii since its parent company, formerly known as Federated Department Stores, acquired the Hawaii-founded Liberty House chain in 2001. Retail analyst Marty Plotnick said it is uncommon for a developer to list on a site plan prospective tenants that are not close to committing to a lease. (Honolulu Star-Bulletin)
Macy's Finds Chicago Indignant Over Consigning Marshall Field's to Dustbin Sep 11, 2007
Macy's, then operating as Federated Department Stores, enraged Chicago when it acquired the Marshall Field's stores in 2005 and began shifting to Macy's house brands. The flagship Chicago store is a Chicago landmark on par with Wrigley Field, home to the Chicago Cubs baseball team, and the art deco Board of Trade building, said author David Garrard Lowe. (Bloomberg)
Protesters mark 1-year anniversary of Field's passing Sep 10, 2007
The store is one of about 400 properties nationwide converted last year to the Macy's nameplate by Cincinnati-based Federated Department Stores Inc., which acquired them when it bought May Department Stores Co. in 2005. The move gave Federated more than 800 Macy's stores in 45 states, the District of Columbia, Guam and Puerto Rico. (Crain's Chicago Business)
Ticketmaster Opens New Ticket Centers in 38 Macy's Stores Serving Connecticut, Massachusetts, New Jersey, New York, and Pennsylvania Aug 30, 2007
These locations were converted to the Macy's nameplate last September following the merger of Federated Department Stores (now Macy's, Inc.) and May Company. "Through our extended agreement with Macy's, fans of sports, music and other live entertainment will be better served with a greater number of locations for purchasing tickets," said Sandy Gaare, Sr. VP of Ticket Centers for Ticketmaster. (Yahoo! Wire -- Entertainment News)
Angel Of Lord Plans $500M Rehab Aug 30, 2007
Many industry observers had considered Lord & Taylor, which has 47 stores around the country, to have a dim future when Federated Department Stores (now called Macy's) put the division up for sale after its 2005 purchase of the May Department Stores Co.. NRDC Equity Partners stepped in with a 1. (New York Post -- Business)
Macy's 2Q Profit Falls 77 Percent Aug 16, 2007
Macy's changed its name from Federated Department Stores this year after converting its former May stores - including popular regional names such as Marshall Field's, Foley's and Filene's - into Macy's in its push to make Macy's a national department store brand. Hoguet also said Macy's feels better about the outlook for its home business, especially with early sales of Martha Stewart products that began showing up on Macy's floors near the end of the quarter. (Forbes)
Fields purchase continues to weigh on Macys Aug 16, 2007
Macy's changed its name from Federated Department Stores this year after converting most of its former May stores including popular regional names such as Marshall Field's, Foley's and Filene's into Macy's in its push to make Macy's a national department store brand. The turnaround of the former May stores hasn't progressed as well as expected, and the retailer also has been facing challenges such as a weakening home market, which has depressed its home furnishings sales. (Crain's Chicago Business)
Macy's posts lower profit Aug 16, 2007
The company, formerly called Federated Department Stores, is boosting marketing and promotions in a bid to spur traffic at hundreds of May Department Stores it acquired in 2005 and converted to the Macy's name last year, reversing a previous strategy to pare back discounts. In its earnings statement, Macy's said sales trends at the former May stores and home-goods results were improving. (ABC News -- Wire)
US slowdown hits Macy's profits Aug 16, 2007
Macy's, formerly known as Federated Department Stores, saw sales slip by about 2% to $5. 9bn in the period. (BBC News -- Business)
TJX Profit Hacked Aug 15, 2007
She wrote that she anticipates channel migration from the department store to the specialty format as consumers react to the new national Macy's rebranding of Federated department stores. The Associated Press contributed to this article. (Forbes -- Markets)
Macy's Earnings Down on Merger Costs Aug 15, 2007
Macy's, which changed its name from Federated Department Stores on June 1, had net income of $74 million, or 16 cents a share, for the quarter ended Aug. 4, compared with $317 million, or 57 cents a share, a year earlier. The latest quarter's results included 13 cents a share in costs related to its integration of May. (SmartMoney)
UTC to go 'green' Aug 9, 2007
Bradhurst said the ongoing consolidation within the department store industry and the eventual purchase of Robinsons-May by Federated Department Stores (now Macy's) in 2005 slowed the process. Bradhurst laid out the broad strokes of the project yesterday but did not offer specifics, such as which new stores and restaurants the center is trying to bring in. (San Diego Union-Tribune -- Business)
Martha Stewart to light tree at State Street Macy's Jul 27, 2007
In 2005, Federated Department Stores Inc., now known as Macys Inc., bought Marshall Fields parent May Department Stores Inc. for $11. 9 billion. (Crain's Chicago Business)
* Mangroomer reaches parts other razors can't Jul 26, 2007
Thanks to a previous job as a buyer for May Department Stores, a retailer that merged with Federated Department Stores in 2005, Marut understood how prototypes are made. He contacted several dozen Chinese factories that specialize in nose-hair trimmers and other depilatory gadgets. (Taipei Times, Taiwan -- World)
Insulock Signs Sales Representative and Distribution Agreement Jul 24, 2007
Mr. Stamford's primary responsibility was the sales and marketing of and contracting for products primarily made in China to U.S. and International chain stores including Wal-Mart, Carrefour, Excelsior Gama Supermercados, Gigante S.A. de C.V., Supermercados Grande, The Daiei, Inc., Bompreco S.A., Lowes, Home Depot, Federated Department Stores and Levitz. In 2004 Mr. Stamford left Norinco to form a successful independent company, Stamford Associates, utilizing his long established network of... (Primezone Releases)
Top Wal-Mart apparel merchant resigns Jul 21, 2007
Questrom was chairman and chief executive of J.C. Penney from 2000 to December 2004 and before served in the same capacity at Barneys, Neiman Marcus Group Inc. and Federated Department Stores, whose name has been changed to Macy's. Watts, who joined Wal-Mart in 1997 and was named one of the nation's top 50 most powerful women by Fortune magazine in 2006, was behind the launch of Metro 7, a trendy store label line, and the Mark Eisen line, called George ME, as part of a new upscale strategy to... (USA Today -- Money)
READ MORE > Jul 21, 2007
Sioux City Journal: Largest bridal chain says yes to Sioux City. July 21, 2007 ONLINE EDITION. (Sioux City Journal)
Macy's stock up after report of possible bid Jul 19, 2007
Macy's, formerly known as Federated Department Stores, posted a string of disappointing sales at stores open at least a full fiscal year. Sales at former May stores converted to Macy's have trailed expectations, and last week Macy's pared its profit forecast for the second quarter. (Crain's Chicago Business)
Movers: Companies in the news Jul 19, 2007
" Spokesmen for Goldman and KKR refused to comment. Macy's, which last month changed its name from Federated Department Stores, converted more than 400 former May locations to its namesake chain in September. Bear Stearns investorsto receive little return Bear Stearns told investors in its two failed hedge funds that they will get little if any money back after "unprecedented declines" in the value of securities used to bet on subprime mortgages. "This is a watershed," said Sean Egan, managing... (International Herald Tribune -- Business Asia)
Report: Buyout firm KKR studies bid for Macy's Jul 19, 2007
WWD also said that it was believed that KKR would keep current Macys management, including chairman and CEO Terry Lundgren, who orchestrated Federated Department Stores Inc.s acquisition of May Department Store Co. in 2005 ... Other analysts have noted recently that management may not be as open to a buyout, however, because of Campeau Corp.s highly leveraged acquisition of Federated Department Stores Inc. in 1988 that led to its bankruptcy filing two years later. (MSNBC -- Business)
Macy's Parades Higher Jul 19, 2007
Women's Wear Daily, a trade publication, reported Wednesday that Kohlberg Kravis Roberts will offer $24 billion for the Cincinnati-based retailer formerly known as Federated Department Stores. The company runs 858 stores under the Macy's and Bloomingdale's names, after eliminating the Marshall Field's and Mays brands following Federated's 2005 merger with May Department Stores. (SmartMoney)
