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THE MAY DEPARTMENT STORES COMPANY TO RELOCATE ITS NEW YORK MERCHANDISING OFFICES TO ST. LOUIS

 ST. LOUIS, Jan. 21 /PRNewswire/ -- The May Department Stores Company (NYSE: MA), the country's largest department store retailer, today announced that it will relocate its New York merchandising offices, May Merchandising Company, to St. Louis effective June 14. The relocation will result in a single corporate center at the St. Louis corporate headquarters.
 May Merchandising Company, a division of May, is responsible for identifying emerging fashion developments and merchandise trends and for the company's own import programs through May Department Stores International.
 In making the announcement, David C. Farrell, chairman and chief executive officer of The May Department Stores Company, said, "The relocation of our merchandising offices to St. Louis is an important strategic step that will enable us to further streamline our operations and serve our customers better. Having one corporate center will provide improved communications and the ability for our merchandising group to interact directly with senior management, allowing us to move quickly and decisively and increase our effectiveness in advising and assisting the merchandising organizations in our individual department store companies."
 Anthony J. Torcasio, currently president and chief executive officer of Famous-Barr, the company's department store in St. Louis, will become president and chief executive officer of May Merchandising. He will succeed Kenneth Kolker, 69, who is retiring. John L. Dunham, currently chairman of G. Fox, the company's department store in Hartford, will become chairman of May Merchandising, succeeding Kenneth B. Winfield, Jr., 59, who is retiring. Martin Bloom will continue as president and chief executive officer of May Department Stores International. Mr. Kolker and Mr. Winfield will assist in the transition prior to their retirements.
 "Ken Kolker in his 17 years as chief executive of May Merchandising has had an immeasurably important influence on the success of the May Company," Mr. Farrell said. "While his leadership will be missed, he will continue to contribute as senior consultant to the company. Ken Winfield, along with Mr. Kolker and Mr. Bloom, has helped reshape the activities at May Merchandising. The corporation is very fortunate to have experienced and accomplished executives in Mr. Torcasio, Mr. Dunham and Mr. Bloom, and we are confident that May Merchandising will continue to operate superbly under their leadership."
 Commenting on the move to St. Louis, Mr. Farrell said that it is directly responsive to the company's principal challenge of sales growth. "Our merchandising initiatives are working: expanded assortments, more designer and better quality brand names, increased size ranges, more gift emphasis, more in-store emphasis on important merchandising ideas, automatic replenishment, steering committees, teleconferencing and greater attention to the customer. Consolidating our corporate headquarters in St. Louis will maximize all of these merchandising initiatives and will increase the effectiveness of May Merchandising in its role of advising and assisting the merchandising organizations in our individual department store companies." Upon completion of the relocation, May will operate nine department store companies, seven with annual sales of over $1 billion, Payless ShoeSource with sales of over $1.5 billion, and a single corporate center at the St. Louis headquarters.
 May Merchandising, and its subsidiary, May Department Stores International, employ 430 people in New York. Everyone, both executive and hourly, will be offered their position in St. Louis. May Department Stores International will continue to operate a network of 12 offices in the Far East and Europe, and its employees overseas will not be affected.
 Mr. Torcasio is a 22-year veteran with May. He joined the company's Kaufmann's division in Pittsburgh as an executive trainee and served in a variety of merchandising positions before being named senior vice president and general merchandise manager in 1982. He was named executive vice president of Kaufmann's in 1987 and president of the company's L.S. Ayres, Indianapolis, division in 1988. He was named president and chief executive officer of Famous-Barr, St. Louis, in 1992.
 Mr. Dunham has experience in five May Company divisions over his 17 years with the company. He joined May Company, Cleveland, in 1976 as divisional vice president and director of merchandise processing. In 1978 he was named vice president of operations for May D&F, Denver, and in 1983 was promoted to senior vice president of operations for May Company, Los Angeles. He was named chairman of Sibley's, Rochester, in 1987 and chairman of G. Fox in 1989.
 Mr. Bloom joined May in 1975 as vice president, managing director and general manager, Asia, for May Department Stores International. He was named president of May Department Stores International in 1979.
 The one-time costs associated with this relocation 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- 1/21/93
 /CONTACT: Jim Abrams of The May Department Stores Company, 314-342-6334/
 (MA)


CO: May Department Stores Company ST: Missouri IN: REA SU:

PS -- NY025 -- 7314 01/21/93 10:33 EST
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Date:Jan 21, 1993
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