May Department Stores Co.

News & Analysis

investment and may department stores co. - All News and Analysis

• FEDERATED 'ON TRACK' AS SALES SURGE; DESPITE DRAMATIC GROWTH, COSTS OF MAY CO. ACQUISITION PULL DEPARTMENT STORE RETAILER INTO RED IN FIRST QUARTER.(Federated Department Stores Inc., May Department Stores Co.)

  - 2006-05-15

  Byline: VICKI M. YOUNG NEW YORK - Federated Department Stores Inc.'s bottom line for the first quarter of its "transition year" was heavily weighed down by the costs of merging with May Department Stores. The retailer last Wednesday posted a...

  Tags: acquisition, Federated Department Stores Inc., FINANCE, Investment, Lord & Taylor, Macy, May Department Stores Co., Retail, SALES

• Merger costs, weak sales hurt May's quarterly earnings

  - 2005-08-10

  ST. LOUIS -- May Department Stores Co.'s earnings fell by nearly half in the second quarter, hurt by expenses from a pending merger with rival Federated Department Stores Inc. and disappointing same- store sales, the company said Tuesday. Quarterly income dropped to $52 million, or 16 cents per...

  Tags: earnings, Federated Department Stores Inc., FINANCE, Investment, Lord & Taylor, May Department Stores Co., merger, SALES

• MEN'S WEARHOUSE EYEING MAY CO. BRIDAL GROUP.(Federated Department Stores Inc. may sell May Department Stores Co.'s business)

  - 2005-08-08

  Byline: Jean E. Palmieri NEW YORK -- Federated Department Stores is expected to quickly sell the May Department Stores Co.'s Bridal Group once its acquisition of the St. Louis-based retailer is completed -- and one of the top prospects is rumored...

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

• Will Field's name survive? Analysts see new name retail icon once merger is completed.(Business)

  - 2005-03-01

  Byline: Mike Comerford Daily Herald Business Writer Linked to Chicago's storied retail past, Marshall Field's may be a casualty of the planned merger of Federated Department Stores Inc. and May Department Stores Co. Legendary philanthropist and retailer Marshall Field was a major...

  Tags: Chicago, Federated Department Stores Inc., FINANCE, Investment, May Department Stores Co., merger, Retail, Target Corp.

• May, Federated weighing merger

  - 2005-02-26

  ST. LOUIS -- Federated Department Stores Inc.'s possible $10 billion buyout of rival May Department Stores Co. has reached a critical point, with boards of both retailers to meet separately into the weekend to perhaps finalize the deal, the Wall Street Journal reported in Friday's editions. Citing unidentified...

  Tags: Federated Department Stores Inc., FINANCE, Investment, May Department Stores Co., merger, Retail

• MERGER TALK RESUMES AS KAHN EXITS; MAY CO. CHIEF'S DEPARTURE SPURS DISCUSSION OF NEW LEADERSHIP AND POSSIBLE FEDERATED TAKEOVER.(May Department Stores Co)(Kahn, Gene)

  - 2005-01-24

  Byline: Jean Palmieri, David Moin, Arthur Zaczkiewicz NEW YORK -- Federated's not talking, but the Federal Trade Commission might be looking at a potential merger between the country's two largest department store operators. The news was all over the airwaves...

  Tags: CEO, FINANCE, Investment, Marshall, May Department Stores Co., merger

• May CEO departure spurs speculation of a buyout

  - 2005-01-19

  AUSTIN, Texas (Dow Jones/AP) -- May Department Stores Co. stock surged Tuesday amid renewed optimism for the company in the wake of chief executive Gene S. Kahn's abrupt resignation Friday. The shares rose $4.37, or 16 percent, to close at $32.21 on the New York Stock Exchange. ...

  Tags: CEO, FINANCE, Investment, Kahn, May Department Stores Co.

• BALANCE SHEET; WINNERS AND LOSERS ON THE FISCAL BATTLEFIELD.

  - 2004-08-16

  Byline: Arnold J. Karr Like many observers of the retail landscape, we were glad to see MAY DEPARTMENT STORES CO. break with tradition and hold its first-ever earnings conference call following the release of its second-quarter numbers last week. We're delighted with any glimmer...

  Tags: acquisition, FINANCE, Investment, May Department Stores Co., Retail, Sears Roebuck & Co., stock

• May halts stock buy; adding Marshall Field's

  - 2004-07-15

  ST. LOUIS -- On the verge of its anticipated closing on a $3.24 billion deal involving more than five dozen Marshall Field's stores, May Department Stores Co. said Wednesday it has indefinitely halted its $500 million stock-buyback effort. May's announcement came a day after the St. Louis-based operator...

  Tags: FINANCE, Investment, Marshall, May Department Stores Co., SALES, stock

• May buys Field's from Target

  - 2004-06-21

  MINNEAPOLIS AND ST. LOUIS -- Target Corp., has delivered at least in part on its intent to divest its ancillary divisions with the sale of Marshall Field's and several Mervyn's stores. After months--some would say years--of speculation, Target has finally unloaded its ailing department store division to the highest bidder,...

  Tags: acquisition, analyst, FINANCE, Investment, May Department Stores Co., Mervyn, SALES, Target Corp.