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Article: Macy's to stamp over Marshall Field's.
- Article from:
- The St. Petersburg Times (Russia)
- Article date:
- September 21, 2005
CopyrightCOPYRIGHT 2005 St. Petersburg Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mark Albright
Sep. 21--They're keeping the ever-popular Frango Mints, but Federated Department Stores Inc. has decided to send another one of the most fabled names in American retailing -- Marshall Field's -- to the boneyard in fall 2006.
The Cincinnati department store giant said Tuesday it will rename the last 62 Marshall Field's stores as Macy's as part of its recently completed $11-billion purchase of May Department Stores Inc.
In the latest chapter of the Federated-led consolidation of the shrinking department store industry, the retail chain also disclosed:
It has hired investment bankers to sell May's 710-store David's ...