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CONSOLIDATION OF FOLEY'S AND MAY D&FANNOUNCED BY THE MAY DEPARTMENT STORES COMPANY

 ST. LOUIS, Jan. 28 /PRNewswire/ -- The May Department Stores Company (NYSE: MA) today announced that it is consolidating its Foley's, Houston, and May D&F, Denver, divisions effective May 2. The consolidated division, which will be headquartered in Houston and operate as Foley's, will have 49 stores with sales of $1.6 billion.
 Heywood L. Wilansky will become president and chief executive officer of the consolidated division and Donald R. Andrus, Foley's chairman, will continue in that position. Mr. Wilansky, president of Foley's, will become chief executive officer of Foley's on February 1 upon the retirement of Michael Steinberg.
 In making the announcement, May President Thomas A. Hays said, "The consolidation of May D&F and Foley's is an important strategic step that will enable the division to better serve its customers. Both companies are the leading department stores in their respective markets, and will operate more effectively with centralized buying, administrative and marketing functions that provide both cost savings and operating efficiencies."
 Mr. Wilansky has been with The May Department Stores Company for 16 years and is a 22-year veteran of retailing. He served with the company's Hecht's, Lord & Taylor and Filene's department store divisions prior to being named Foley's president.
 The one-time costs associated with this consolidation were provided for in the special and nonrecurring charges recorded in the third quarter of 1992.
 The May Department Stores Company is the largest department store retailer in the United States, operating 320 department stores and 3,559 Payless ShoeSource stores.
 -0- 1/28/93
 /CONTACT: Jim Abrams of The May Department Stores Company, 314-342-6343/
 (MA)


CO: May Department Stores Company ST: Missouri, Texas, Colorado IN: REA SU:

TS -- NY040 -- 0182 01/28/93 11:05 EST
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Date:Jan 28, 1993
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