Federated announces first steps in implementing Broadway store integration strategy; 40 stores to be converted to Macy's; nine stores sold to Sears.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. today identified 40 former Broadway Broadway, famous thoroughfare in New York City. It extends from Bowling Green near the foot of Manhattan island N to 262d St. in the Bronx. Throughout its length Broadway is chiefly a commercial street. Stores, Inc. locations that it plans to retain and operate as Macy's Macy's formerly R.H. Macy & Co., Inc. Major U.S. department-store chain. Its former flagship, an 11-story store that occupies a city block in New York City's Herald Square, was for many years the largest single store in the country. Rowland H. , employing a total of 9,400 persons in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). and three other western states. Federated Connected and treated as one. See federated database and federated directories. also announced that it has reached a definitive agreement with Sears, Roebuck & Co. to sell it nine other Broadway stores, and that it has identified 10 additional stores slated to be sold and two stores previously announced by Broadway to be closed. Federated, which acquired the 82-store Broadway chain in October October: see month. , said it expects to be making announcements on the 21 remaining Broadway stores, including identifying those locations that will be converted to Bloomingdale's This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , sometime between now and the end of the year. Today's announcements reflect the first steps in a strategy that ultimately will bring Bloomingdale's to California and expand the Macy's nameplate in major markets throughout the West. Federated said it plans to spend approximately $525 million on store conversions and major remodels in the converted Broadway stores over the next three years. A list of the 40 stores that will be retained and operated as Macy's is attached as an addendum addendum n. an addition to a completed written document. Most commonly this is a proposed change or explanation (such as a list of goods to be included) in a contract, or some point that has been subject of negotiation after the contract was originally proposed by to this release. Federated said it plans to convert 40 retained Broadway, Emporium and Weinstock's stores to the Macy's nameplate by the middle of next year. In addition, Federated confirmed plans to convert its Bullock's stores in southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, to the Macy's nameplate in 1996, beginning in April. The nine properties that Federated is selling to Sears -- for a purchase price and under terms that are undisclosed -- are: -0- o Broadway at Topanga Plaza, Canoga Park, CA (170 employees); o Broadway in Stonewood Shopping Center, Downey, CA (134); o Broadway at Los Altos Center, Long Beach, CA (122); o Broadway at Whittwood Mall, Whittier, CA (128); o Broadway at West Covina Fashion Plaza, West Covina, CA (149); o Pasadena Plaza Broadway, Pasadena, CA (138); o Emporium in downtown Oakland, CA (215); o Emporium in Hillsdale, San Mateo, CA (176); and o Broadway in Westminster, CO (135). These properties are scheduled to be transferred to Sears by March 4, 1996 and to be operated as Broadway or Emporium stores through February. Federated said that store employees in these locations, who were notified of the impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. sale of the stores to Sears in meetings held in their stores earlier today, will be given the opportunity to apply for new positions with Sears. In the case of the stores slated to be sold, the company said it plans to close these stores sometime after the first of the year and to continue seeking buyers for the properties. The company said that eligible employees in the affected stores will be offered severance The act of dividing, or the state of being divided. The term severance has unique meanings in different branches of the law. Courts use the term in both civil and criminal litigation in two ways: first, when dividing a lawsuit into two or more parts, and second, when , outplacement out·place·ment n. The process of facilitating a terminated employee's search for a new job by provision of professional services, such as counseling, paid for by the former employer. , some company-paid health care premiums and the opportunity to apply for available positions in other Macy's stores. In addition, the company said it will hold a series of "job fairs" to assist affected employees in finding other employment. The former Broadway stores for which Federated is seeking buyers but plans to close early in 1996 are: -0- o Panorama City, CA, Broadway (160 employees) o Mall of Orange Broadway, Orange, CA (142) o Puente Hills Broadway, City of Industry, CA (135) o Weinstock's in Reno, NV (140) o Los Arcos Broadway, Scottsdale, AZ (95) o Tanforan Emporium, San Bruno, CA (170) o Emporium in El Cerrito, CA (160) o Vallco Emporium, Cupertino, CA (151) o Weinstock's in Stockton, CA (113) o Florin Weinstock's, Sacramento, CA (105) Two additional Emporium stores are scheduled to be closed during 1996 under terms of lease termination agreements previously negotiated by Broadway Stores, Inc. These are the Eastridge and Almaden Emporium stores in San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , which are expected to close in March and September, respectively. Federated said it has yet to make a determination on the future of 21 other former Broadway stores, but expects to do so before the end of the year. At the time these determinations are made, details will be announced. The stores on which no decisions yet have been finalized See finalization. are: -0- o Baldwin Hills Broadway in Los Angeles o Crystal Court Broadway, Costa Mesa o Sun Valley Emporium, Concord o Solano Emporium, Fairfield o Weinstock's in Fresno o Hawthorne Plaza Broadway, Hawthorne o Southland Mall Emporium, Hayward o Huntington Center Broadway, Huntington Beach o Broadway in Grossmont Shopping Center, La Mesa o Century City Broadway, Los Angeles o Beverly Center Broadway, Los Angeles o Weinstock's in Modesto o Emporium in Newpark o Fashion Center Broadway, Northridge o Stanford Emporium, Palo Alto o Hilltop Emporium, Richmond o Weinstock's in downtown Sacramento o Emporium, downtown San Francisco o Valley Fair Emporium, Santa Clara o Fashion Square Broadway in Sherman Oaks o Del Amo Broadway in Torrance In addition to the dispositions of the Broadway stores announced today, Federated said it plans to close three current Macy's/Bullock's stores that are in close proximity to retained Broadway stores. These locations include: -0- o Macy's Coddingtown store -- store will close sometime after the first of the year; Macy's Coddingtown employees will be moved to the retained Emporium Coddingtown store; o Macy's Birdcage store, Sacramento -- timing of closure is uncertain at this point; store may continue to operate until nearby Weinstock's store in Sunrise Mall is renovated and converted to Macy's, at which point Macy's Birdcage store would be closed and its employees transferred to the new Macy's store. o Macy's San Rafael store -- store will close in January. Federated, with corporate offices in Cincinnati and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , is one of the nation's leading department store retailers, with annual sales of more than $15 billion. Federated currently operates more than 440 department stores and 100 specialty and clearance stores in 37 states. Federated's department stores now operate under the names of Bloomingdale's, The Bon Marche Marche, region, Italy Marche (mär`kā) or the Marches, region (1991 pop. 1,429,205), 3,742 sq mi (9,692 sq km), E central Italy, extending from the eastern slopes of the Apennines to the Adriatic Sea. , Broadway, Bullock's, Burdines, Emporium, Goldsmith's, Jordan Marsh Jordan Marsh was the name of a Boston, Massachusetts-based department store. Founded in 1841 and eventually part of Allied Stores and then Federated Department Stores; in 1996, the last of the Jordan Marsh stores were renamed Macy's. , Lazarus, Macy's, Rich's, Stern's and Weinstock's. 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. division, headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , currently operates 39 Macy's and 19 Bullock's stores in California, Minnesota, Nevada and Texas. With the addition of the former Broadway locations, Macy's West will operate stores in six western states, with Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). and New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). added to the list. (NOTE: Information on Federated and its operating divisions, including copies of past press releases and corporate background data, also is available by calling Fax-On-Demand at 1-800-853-9150.) -0-
BROADWAY STORES TO BE CONVERTED TO MACY'S
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LOCATION CITY/STATE STORE
1. FIESTA MALL MESA, AZ BROADWAY 2. BILTMORE FASHION PARK PHOENIX, AZ BROADWAY 3. METROCENTER PHOENIX, AZ BROADWAY 4. PARADISE VALLEY PARADISE VALLEY, AZ BROADWAY 5. TUCSON MALL TUCSON, AZ BROADWAY 6. PARK MALL TUCSON, AZ BROADWAY 7. SANTA ANITA ARCADIA, CA BROADWAY 8. VALLEY PLAZA BAKERSFIELD, CA BROADWAY 9. BREA BREA, CA BROADWAY 10. PLAZA CAMINO REAL CARLSBAD, CA BROADWAY 11. FOX HILLS CULVER CITY, CA BROADWAY 12. CERRITOS CENTER CERRITOS, CA BROADWAY 13. CHULA VISTA CENTER CHULA VISTA, CA BROADWAY 14. SUNRISE(a) SACRAMENTO, CA WEINSTOCKS 15. NORTH COUNTY FAIR ESCONDIDO,CA BROADWAY 16. GLENDALE GALLERIA GLENDALE, CA BROADWAY 17. INLAND CENTER SAN BERNARDINO, CA BROADWAY 18. LAGUNA HILLS LAGUNA HILLS, CA BROADWAY 19. DOWNTOWN LOS ANGELES, CA BROADWAY 20. MONTCLAIR PLAZA MONTCLAIR, CA BROADWAY 21. FASHION ISLAND NEWPORT BEACH, CA BROADWAY 22. STONERIDGE PLEASANTON, CA EMPORIUM 23. TYLER MALL RIVERSIDE, CA BROADWAY 24. ARDEN FAIR SACRAMENTO, CA WEINSTOCKS 25. COUNTRY CLUB PLAZA SACRAMENTO, CA WEINSTOCKS 26. NORTHRIDGE SALINAS, CA EMPORIUM 27. FASHION ISLAND VALLEY SAN DIEGO, CA BROADWAY 28. HORTON PLAZA SAN DIEGO, CA BROADWAY 29. LA JOLLA SAN DIEGO, CA BROADWAY 30. STONESTOWN SAN FRANCISCO, CA EMPORIUM 31. MARIN SAN RAFAEL, CA EMPORIUM 32. PASEO NUEVO SANTA BARBARA, CA BROADWAY 33. SANTA MONICA PLACE SANTA MONICA, CA BROADWAY 34. SANTA ROSA SANTA ROSA, CA EMPORIUM 35. THE OAKS THOUSAND OAKS, CA BROADWAY 36. BUENA VENTURA PLAZA VENTURA, CA BROADWAY 37. WALNUT CREEK WALNUT CREEK, CA EMPORIUM 38. CORONADO CENTER ALBUQUERQUE, NM BROADWAY 39. BOULEVARD LAS VEGAS, NV BROADWAY 40. MEADOWS LAS VEGAS, NV BROADWAY (a) STORE TO BE CLOSED TEMPORARILY FOR RENOVATION IN 1996 ____________________________________________________________________ TOTAL GROSS SQUARE FOOTAGE OF RETAINED STORES: 6,994,800 TOTAL 1994 SALES GENERATED IN 40 RETAINED STORES: $1.1 BILLION TOTAL PROJECTED MACY'S EMPLOYMENT IN RETAINED STORES: 9,400 ____________________________________________________________________ CONTACT: Federated Department Stores, Inc., Cincinnati Carol Sanger Sanger, city (1990 pop. 16,839), Fresno co., S central Calif., in the San Joaquin Valley; inc. 1911. It is a shipping and processing center for a variety of agricultural products. Manufactures include sheet metal products, wine, machinery, and corrugated boxes. , 513/579-7764 Macy's West -- Betty Krogh Krogh , (Schack) August Steenberg 1874-1949. Danish physiologist. He won a 1920 Nobel Prize for the discovery of the regulation of the capillaries' motor mechanism. , 415/393-3268 Investor - Susan Robinson, 513/579-7780 |
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