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Federated announces new Freehold Macy's.


CINCINNATI--(BUSINESS WIRE)--Jan. 15, 1997--Federated 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 announced the planned opening of a new 244,000-gross-square-foot full line Macy's at Raceway Mall located in Freehold, NJ, scheduled for the fall of 1998.

In announcing the project, Hal Kahn, chairman and chief executive officer of Macy's East, said, "Since our first store opened in the Garden State, Macy's has built a loyal following with the customer who is looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 quality merchandise, excellent service and an exciting shopping environment. With the construction of Macy's in the Freehold Raceway Mall Freehold Raceway Mall is a super-regional mall in Freehold, New Jersey, United States. The mall's anchor stores are J.C. Penney, Lord & Taylor, Macy's, Nordstrom and Sears. , we look forward to being part of the premier shopping experience in Monmouth County."

Raceway Mall, which opened in 1990, is the newest in central New Jersey. Other anchors in this 1.1 million square foot center include JC Penney, Sears, Lord & Taylor, and Nordstrom.

Thomas C. Wilmot, president and chief executive officer of Wilmorite, the Raceway Mall developer, said, "We are gratified grat·i·fy  
tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies
1. To please or satisfy: His achievement gratified his father. See Synonyms at please.

2.
 that Federated Connected and treated as one. See federated database and federated directories.  has recognized Freehold as a significant business opportunity and we welcome Macy's as a fine addition to the mall."

Macy's East a division of Federated, with 1995 sales of more than $4.6 billion, operates 89 stores in 15 eastern states Eastern States can refer to several locations:
  • New England, United States
  • Eastern states of Australia
.

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 400 department stores and 150 specialty stores in 36 states. Federated's department stores operate nationally under the names of Bloomingdale's, The Bon Marche, Burdines, Goldsmith's, Lazarus, Macy's, Rich's and Stern's. -0-

(NOTE: Information on Federated and its operating divisions is available on the Internet at http://www.federated-fds.com . Copies of past press releases and corporate background data also are available by calling Fax-On-Demand at 1-800-853-9150.)

CONTACT: Federated Department Stores, Inc.

Media - Mary Ann Shannon, 513/579-7292

Investor - Susan Robinson, 513/579-7780
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 15, 1997
Words:310
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