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Cincinnati-based Federated Department Stores
202 documents for Cincinnati-based Federated Department Stores
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WEST COVINA - The owners of the Macy's and Robinsons-May department store chains Monday announced the largest merger in industry history, an $11 billion deal that promises to dramatically reshape the Southland retail landscape. In a transaction that had been rumored for several months, Cincinnati-based Federated Department Stores Inc. said it plans to acquire St. Louis-based rival May Department Stores Co. for cash and stock valued at $35.50 per share - a 2.9 percent premium over May's closing stock price Monday on the New York Stock Exchange.
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The owners of the Macy's and Robinsons-May department store chains Monday announced the largest merger in industry history, an $11 billion deal that promises to dramatically reshape the Southland retail landscape. In a transaction that had been rumored for several months, Cincinnati-based Federated Department Stores Inc. said it plans to acquire St. Louis-based rival May Department Stores Co. for cash and stock valued at $35.50 per share -- a 2.9 percent premium over May's closing stock price Monday on the New York Stock Exchange.
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WEST COVINA -- The owners of the Macy's and Robinsons-May department store chains Monday announced the largest merger in industry history, an $11 billion deal that promises to dramatically reshape the Southland retail landscape. In a transaction that had been rumored for several months, Cincinnati-based Federated Department Stores Inc. said it plans to acquire St. Louis-based rival May Department Stores Co. for cash and stock valued at $35.50 per share -- a 2.9 percent premium over May's closing stock price Monday on the New York Stock Exchange.
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DAYTON -- Despite a slowdown in housing construction and rising interests rates, consumer confidence nationwide is rebounding and the Dayton region is benefiting with positive retail growth. Both The Greene in Beavercreek and the Village at the Dayton Mall opened in summer 2006. Some independently-owned small businesses moved from downtown to the suburbs, where the area's population continues to shift. Nationally, 2006 included the conversion of more than 400 of Cincinnati-based Federated Department Stores to the Macy's nameplate. Some well-known stores affected included Filene's, Kaufmann's, Marshall Fields, Robinson-May, Strawbridge's and Foley's. In November, Bon-Ton paid $22 million to Belk Inc. for four Parisian department stores -- including the Beavercreek store at the Mall at Fa...
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Cincinnati-based Federated Department Stores Inc. said Thursday it will sell its upscale Lord & Taylor department store chain, saying the business no longer fits with its expansion strategy for its larger Macy's and Bloomingdale's chains. In Connecticut, there are Lord & Taylor stores in Trumbull, Danbury, Stamford and Farmington. None are expected to close. Our plan is to sell Lord & Taylor as an ongoing business," said Jim Sluzewski, a Federated spokesman."We're looking for buyers.
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CINCINNATI Federated Department Stores Inc. still hasn't sold shoppers at former May stores on its new Macy's replacement. Local loyalists to regional chains such as Filene's, Marshall Field's and Kaufmann's remain cool to the rebranded Macy's stores that replaced them, some analysts say. Cincinnati-based Federated changed the nameplates of 400 former May Department Stores Co. locations to Macy's in September, along with product selection.
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Department-store shoppers have been addicted to clipping coupons for decades. Asking them to break that old habit hasn't been easy for Macy's owner Federated Department Stores. The Cincinnati-based department-store giant is both cutting back on mass coupon distribution in favor of offers sent directly to its most loyal customers and trimming promotional sales in favor of touting everyday values.
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Federated Department Stores Inc., owner of Macy's and Bloomingdale's, said the U.S. Federal Trade Commission requested additional information about the company's planned $11 billion purchase of May Department Stores Co. Cincinnati-based Federated and St. Louis-based May said Thursday they expect the transaction will still be completed in the third quarter. The companies said in a statement that they plan to respond quickly to the request.
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A mix of familiar stores and upscale retailers will be moving into the nowv... closed as a result of Cincinnati-based Federated Department Stores Inc.'s 2005 acquisition of St. L...
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... before its parent company, May Department Stores Co., was acquired last year by Cincinnati-bbased Federated Department Stores Inc. Some Ayres stores were conv...
