TITLE

Federated Recasts May: Field's Becomes Macy's, 6,200 Jobs to Be Cut

AUTHOR(S)
Moin, David; Edelson, Sharon
PUB. DATE
September 2005
SOURCE
WWD: Women's Wear Daily;9/21/2005, Vol. 190 Issue 63, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the changes that Federation Department Stores Inc. will be implementing in its U.S. stores in 2006. Converting Marshall Field's to Macy's in fall 2006 is at the top of the list. Other moves the retailer revealed include selling off the May's bridal group of over 700 specialty stores, cutting 6,200 jobs by eliminating May corporate and divisional headquarters and determining the fate of Lord & Taylor by the end of the fiscal year in late January. May's private labels will be discontinued, except for two, Karen Scott and John Ashford. More significantly, Federated will roll its private labels, notably INC, Alfani and Charter Club, into Field's stores around the same time they become Macy's units. The toughest decision was perhaps the one to drop the Field's nameplate, since it means the famed Marshall Field's flagship on Chicago's State Street will become a Macy's. Federated officials gave other assurances about maintaining Field's traditions and its regional flavor, noting the Minneapolis-based regional office of Field's will continue to do the buying and will be known as Macy's North.
ACCESSION #
18477671

 

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