May Department Stores Co.

News & Analysis

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

• Teamsters End Seizure of Strawbridge Warehouse in Philadelphia.(Originated from The Philadelphia Inquirer)

  - 1996-07-18

  PHILADELPHIA--Jul. 18--High-ranking Teamster leaders, accompanied by a handful of clergy, Wednesday persuaded eight Teamster workers holed up in Strawbridge & Clothier's warehouse to leave the Island Avenue facility. But union members pledged to return to the warehouse in a few days if non-union workers come...

  Tags: May Department Stores Co., Philadelphia, warehouse, worker

• Strawbridge & Clothier Shareholders Vote to Sell 128-Year-Old Business.(Originated from The Philadelphia Inquirer)

  - 1996-07-16

  PHILADELPHIA--Jul. 16--In a shareholders' meeting that was a cross between a family reunion, with hugs and kisses all around, and a wake, Strawbridge & Clothier's shareholders voted overwhelmingly Monday to sell their 128-year-old business. The $600 million deal will net shareholders $210 million, with the ...

  Tags: FINANCE, May Department Stores Co., Philadelphia, shareholder, stock

• Moody's eyes upgrade of S&C debt after May Co. deal is announced.(Moody's Investors Service reevaluates Strawbridge & Clothier's senior debt after May Department Stores Co.'s acquisition plan was announced)

  - 1996-04-09

  Moody's Investors Service is planning to reevaluate the Ba2 rating on Strawbridge & Clothier's (S&C) senior debt due 2003 after the company announced its divestiture plans. May Department Stores Co. will purchase 13 S&C department stores in Philadelphia, PA, in exchange for about of 4.2 million shares of its common...

  Tags: acquisition, FINANCE, Investment, investor, Kimco Realty Corp., May Department Stores Co., Moody's Corp., Philadelphia, Retail

• Sale of Philadelphia's Strawbridge & Clothier Costs 4,000 Jobs.(Originated from The Philadelphia Inquirer)

  - 1996-04-05

  PHILADELPHIA--Apr. 5--Strawbridge & Clothier, giving up its 128 years of independence, agreed to sell its department stores Thursday to the same company that converted John Wanamaker stores to Hecht's last year. The 27 Clover discount stores operated by the Philadelphia retailer will close after September,...

  Tags: board, FINANCE, Investment, job, Kimco Realty Corp., May Department Stores Co., Philadelphia, stock

• May Department Stores to Take Over Philadelphia-Based Chain.(Originated from Philadelphia Daily News)

  - 1996-04-05

  Apr. 5--There's something for just about everyone in the $480-million deal announced last night for St. Louis-based May Department Stores Co. to take over the last surviving Philadelphia-based department store chain, Strawbridge & Clothier. For Philadelphians, it's the chance to continue shopping under a popular...

  Tags: MARKETING, May Department Stores Co., nameplate, Philadelphia, Retail

• Its almost over for Clover - sale of Philadelphia, Pennsylvania stores

  - 1996-03-04

  PHILADELPHIA -- Dickering over Clover is coming down to the wire for serious players, and the results will probably be known by the end of March, real estate sources said.Speculation that Clover is about to be sold is intensifying now that Kimco Realty Corp., which has brokered several discount store...

  Tags: Kimco Realty Corp., May Department Stores Co., Philadelphia, SALES

• Hear May Co. close to acquiring Strawbridge & Clothier; Boscov's reportedly teaming up with May Co. in deal.(May Department Stores Co.)

  - 1996-02-14

  May Department Stores Co. is reportedly about to complete its acquisition of Strawbridge & Clothier. Financial sources indicate that May Co. might purchase most of Strawbridge's department stores to increase its presence in the Philadelphia-Baltimore-Washington market or might join Buscov's to acquire Strawbridge's 13 department stores. Strawbridge's has an annual...

  Tags: acquisition, Boscov, FINANCE, Investment, Kohl's Corp., May Department Stores Co., Philadelphia

• Philadelphia's Strawbridge & Clothier Vulnerable to Move by May Stores.(Originated from The Philadelphia Inquirer)

  - 1995-08-08

  PHILADELPHIA--Aug. 9--The eagle has flown, leaving Strawbridge alone. Strawbridge & Clothier is now the last major homegrown department store chain in Philadelphia, and one of just a handful surviving in the country. And with Tuesday's sale of Wanamakers, it suddenly finds itself in a vulnerable position...

  Tags: analyst, May Department Stores Co., Philadelphia, Retail

• Federated may up W&L ante. (Federated Department Stores; acquisition battle for Woodward & Lothrop)

  - 1995-08-07

  Federated Department Stores and May Department Stores could engage in a bidding war for bankrupt department store chain Woodward & Lothrop (W&L). On Jul 27, 1995, May and J.C. Penney made a joint bid that exceeded Federated's previous bid by $58 million. Experts expect Federated to better the May/Penney offer....

  Tags: acquisition, analyst, bankruptcy, creditor, Litigation, Macy, May Department Stores Co., Philadelphia, Washington