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THE MAY DEPARTMENT STORES COMPANY ANNOUNCES ROBINSONS AND MAY COMPANY TO BECOME ROBINSONS-MAY; KAUFMANN'S AND MAY COMPANY TO BECOME KAUFMANN'S

THE MAY DEPARTMENT STORES COMPANY ANNOUNCES ROBINSONS AND MAY COMPANY TO BECOME ROBINSONS-MAY; KAUFMANN'S AND MAY COMPANY TO BECOME KAUFMANN'S
 ST. LOUIS, Oct. 16 /PRNewswire/ -- The May Department Stores Company (NYSE: MA) today announced that it is combining its two Los Angeles- based department store divisions to operate as Robinsons-May, and is combining its Kaufmann's, Pittsburgh, and May Company, Ohio, divisions to operate as Kaufmann's, effective Jan. 31, 1993.
 Robinsons-May will have 55 stores and sales of $1.4 billion, and Kaufmann's will have 40 stores and sales of $1.2 billion.
 In making the announcement, May President Thomas A. Hays said, "The combinations are an important strategic step that will enable us to serve our customers better, reduce our costs and streamline our operations. In California we will close 12 duplicative or low productivity stores, and in Cleveland we will close the downtown store, allowing Robinsons-May and Kaufmann's to concentrate on their productive stores."
 David P. Mullen, president and chief executive officer of May Company, California, will become president and chief executive officer of the combined company. Gerald A. Sampson, chairman of May Company, California, will be chairman. William T. Tobin will continue as president and chief executive officer of Kaufmann's. Clarence O. Reynolds will continue as chairman.
 The May Department Stores Company is the largest department store retailer in the United States, operating 319 department stores and 3,459 Payless ShoeSource stores. The May Department Stores Company had sales of $10.4 billion in 1991.
 -0- 10/16/92
 /CONTACT: Jim Abrams of the May Department Stores Company, 314-342-6343/
 (MA) CO: May Department Stores Company ST: Missouri, Ohio, California IN: REA SU:


AH -- NY038 -- 0952 10/16/92 12:33 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
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