FEDERATED CAPS MERGER WITH MAY CO.Byline: Brent Hopkins and Eric Leach Staff Writers Federated Connected and treated as one. See federated database and federated directories. Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. Inc. completed its $11 billion merger with May Department Stores The May Department Stores Company was a department store chain founded in 1877 by David May in Leadville, Colorado. Its headquarters moved to St. Louis, Missouri in 1905, and the company went public in 1911. Co. on Tuesday and identified two more stores in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. it plans to sell. Cincinnati-based Federated said it would sell the Macy's West Macy's West is a division of Macy's, Inc. (formerly Federated Department Stores) and headquartered in San Francisco, California. It currently operates approximately 200 stores throughout Arizona, California, Colorado, Guam, Hawaii, Nevada, New Mexico and Texas. men's/home store at Westfield Shoppingtown Promenade in Woodland Hills and fold those operations into the other Macy's store at the mall. The men's/home facility has 150 employees. The chain also owns a Robinsons-May a block away at Westfield Shoppingtown Topanga. The Macy's West at the Simi Valley Town Center Simi Valley Town Center is a shopping center located in Simi Valley, California. The mall opened in 2005 with Macy's and Robinsons-May as anchor stores. The Robinsons-May store was converted into a Macy's Men and Home Store on September 9, 2006. will open as scheduled in October, and then be put up for sale. Federated will continue to operate it until the sale. This brings the number of stores to 75 that will be put up for sale across the country. ``We see tremendous opportunity ahead,'' Terry J. Lundgren Terry J. Lundgren (b. 1952) is the CEO, Chairman of the Board, President, and Director at Macy's, Inc., the parent company of Macy*s and Bloomingdale's department stores. Lundgren is also the namesake of the Terry J. , Federated's chairman, president and chief executive officer, said in a statement. The two Valley-area stores are among four additional California divestitures requested by State Attorney General Bill Lockyer. The other two are in Westminster and Newport Beach. As part of the agreement with Lockyer, Federated must give sales priority to competitors such as Nordstrom, Neiman-Marcus and Dillard's. Any buyer must also agree to keep the sites open as department stores for at least seven years. ``The A.G. had concerns about negative effects on shoppers,'' said Tom Dresslar, a spokesman for Lockyer. ``The less competition you have, the less choice there is for consumers and frequently, (you get) higher prices.'' But Mike Sedell, Simi Valley's city manager, said legal agreements involving the store owners, the developer and the city mean the mall will open with Macy's and a Robinsons-May store. ``While this divestiture may be required at some point in the future, there will be a Robinsons-May and a Macy's opening Oct. 27 in Simi Valley,'' Sedell said. ``Any change to the name on one of those stores will under legal agreements be jointly decided with the developers of the mall and the city of Simi Valley. We don't anticipate any immediate changes.'' Also on the company's sell list are the Robinsons-May at The Oaks mall in Thousand Oaks, one at the Northridge Fashion Center Northridge Fashion Center is a large shopping mall located in Northridge, California. It opened in 1971. It was severely damaged during the Northridge Earthquake in 1994, but renovated extensively in 1995 and 1998. and at the Glendale Galleria. Brent Hopkins, (818) 713-3738 brent.hopkins(at)dailynews.com |
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