Federated Department Stores Inc.

News & Analysis

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• KKR reportedly considering bid to buy Macy's for $24 billion

  - 2007-07-19

  CINCINNATI -- Macy's Inc. may be finding its way out of its troubles by going private. Rumors have been rampant for the last couple of weeks that the company may be the target of a leveraged buyout, and the stock price rose Wednesday after a report said a...

  Tags: analyst, Cincinnati, Federated Department Stores Inc., Macy, Retail, SALES

• Colorado Springs Retail Briefs: May 11, 2007

  - 2007-05-11

  Americans deem frontline sales staff the single biggest detriment to their shopping experience, resulting in more lost business and negative word of mouth than any other shopping problem. These were the findings of the Retail Customer Dissatisfaction Study, conducted for the second year by the Verde Group, a...

  Tags: Federated Department Stores Inc., INTERNET, Podcasts, Retail, SALES

• Federated Department Stores allow shopping discounts for executives

  - 2007-04-16

  Federated Department Stores Inc., owner of Macy's and Bloomingdale's, gives its executives and directors 40 percent discounts, which are bigger than those given to store employees. Federated gave discounts to Chief Executive Officer Terry Lundgren and two board members totaling $214,498 last year, the retailer said in an...

  Tags: Federated Department Stores Inc., Retail

• Colorado Springs Retail Briefs: April 16, 2007

  - 2007-04-13

  Billions of dollars of merchandise are stolen every year through organized retail crime, but a Web-based database launched this week will allow retailers to share information to help fight organized theft, burglaries, robberies, counterfeiting and online auction fraud. The Law Enforcement Retail Partnership Network, or LERPnet, was created...

  Tags: Federated Department Stores Inc., Retail, SALES, Wendy

• Federated Completes Sale of After Hours Formalwear

  - 2007-04-09

  CINCINNATI -- Federated Department Stores, Inc. (NYSE:FD)(NYSE Arca:FD) today announced that it has completed the sale of its 507-store After Hours Formalwear business to Houston-based Men's Wearhouse. The sale price of approximately $100 million was adjusted for certain items, primarily customer cash deposits retained by Federated on rentals to be...

  Tags: Federated Department Stores Inc., FINANCE, INTERNET, Retail, SALES

• Macy's exploring foreign opportunities

  - 2007-04-02

  BARCELONA, Spain -- U.S. department store retailer Federated Department Stores Inc., which owns the Macy's chain, is exploring possible opportunities to expand abroad, Chief Executive Terry Lundgren said Friday. Speaking on the sidelines of the Retail World Congress in Barcelona, Lundgren said he was attending the event because...

  Tags: Branding, Federated Department Stores Inc., Macy, MARKETING, Retail

• Federated to Proceed with After Hours Formalwear Sale

  - 2007-03-23

  CINCINNATI -- Federated Department Stores, Inc. (NYSE:FD)(NYSE Arca:FD) today announced that the Federal Trade Commission has terminated its review of the proposed sale of Federated's 507-store After Hours Formalwear business to Houston-based Men's Wearhouse. The transaction is proceeding, and the company expects it will be completed on or before April...

  Tags: Federated Department Stores Inc., FINANCE, INTERNET, Retail, SALES

• Macy's woos new customers

  - 2006-11-22

  CHICAGO -- The bronze signs on the department store's exterior walls still read Marshall Field's, but to Rick Roche, the transformed 10-story Macy's on Chicago's State Street is an unwelcome invader. "They're not going to get any of my business," huffed Roche, 52, a reference librarian from Downers...

  Tags: Chicago, Federated Department Stores Inc., Macy, Retail, SALES

• Federated posts loss after May acquisition

  - 2006-11-09

  CINCINNATI -- Federated Department Stores Inc. on Wednesday reported a $3 million loss in the third quarter as it struggled with disappointing sales at its newly converted 400 Macy's stores and continued hefty costs related to last year's acquisition of May Department Stores Co. The department store operator,...

  Tags: acquisition, Federated Department Stores Inc., FINANCE, Investment, Retail, SALES

• Lord & Taylor sale to bring fewer funds

  - 2006-10-04

  Federated Department Stores Inc., the second-largest U.S. department-store operator, received proceeds of $1.08 billion from the sale of its Lord & Taylor chain, less than it previously announced because of lease restrictions. Federated said in a statement Tuesday it had expected to generate $1.2 billion from the divestiture...

  Tags: Federated Department Stores Inc., FINANCE, Lord & Taylor, Retail