Cincinnati – Colorado Foley’s stores will be converted to the Macy’s nameplate sometime next year.
Federated Department Stores Inc., which is acquiring Foley’s parent May Department Stores Co., on Thursday said 330 May stores will become Macy’s, bringing the number of Macy’s stores nationwide to 720.
The company left open the possibility that some stores may be converted to Federated’s Bloomingdale’s flag.
In addition to Foley’s, the move will eliminate store names including Famous-Barr, Filene’s, Hecht’s and Kaufmann’s.
Besides converting some 330 May stores to Macy’s, Federated plans to sell off 68 stores where the two companies have duplicate locations, 27 of them operated as Macy’s. The changes announced Thursday will eliminate all May nameplates except Lord & Taylor and Marshall Field’s.
Federated spokesman Jim Sluzewski said the company plans to keep the Lord & Taylor name, currently on 58 stores, while it is still studying the Marshall Field’s name, which is on 60 stores.
In Colorado, May owns 11 Foley’s stores. Three more are planned or under construction: at NorthField at Stapleton in Denver, Orchard Town Center in Westminster and the Shops at Centerra in Loveland.
The pending $11 billion takeover would combine companies with a total $30 billion in annual sales.
The company said it decided on the Macy’s conversions after research on customer attitudes.
“Macy’s emerged as a premier national retailer in March 2005, when we changed Federated’s regional department store nameplates,” Terry J. Lundgren, Federated’s chairman said.
Lundgren repeated an earlier pledge not to eliminate any jobs before March 1. Shareholders of both companies approved the takeover this month.
Denver Post staff writer Kristi Arellano contributed to this report.
