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Federated Prepares to Absorb May Department StoresEveryone loves a great deal. We work hard to help you find the best deals online. Warning: include(/www/htdocs/includes/728x15.php) [function.include]: failed to open stream: No such file or directory in /home/indemand/public_html/domains/avidshopper.net/articles/index.php on line 177 Warning: include() [function.include]: Failed opening '/www/htdocs/includes/728x15.php' for inclusion (include_path='.:/usr/lib/php') in /home/indemand/public_html/domains/avidshopper.net/articles/index.php on line 177 Articles Page: 1 2 3 4 5 6 7 8 9 Warning: include(/www/htdocs/includes/300x250.php) [function.include]: failed to open stream: No such file or directory in /home/indemand/public_html/domains/avidshopper.net/articles/index.php on line 190 Warning: include() [function.include]: Failed opening '/www/htdocs/includes/300x250.php' for inclusion (include_path='.:/usr/lib/php') in /home/indemand/public_html/domains/avidshopper.net/articles/index.php on line 190 The American retailing industry is witnessing the absorption of The May Department Stores Company [May] into the Federated Department Store group of companies. Pending federal approval, Federated will sell off as many as 68 May stores after the upcoming holiday season is complete. How this plan will affect shoppers is only beginning to now be realized. When Federated announced their interest in acquiring May earlier this year, not too many people were surprised. Yes, the size of the acquisition is huge and some wondered aloud how Federated would fit May into the fold, especially with a huge overlap of store brands and locations. Still, Federated was looking at the merger as an opportunity to expand their venerable Macys name to areas of the country not served by the chain. With the pending acquistion we know the following: Analysts are concerned that the bigger Macys brand may run into some difficulty. Long accustomed to serving a higher end clientele, Macys may find it difficult selling their wares in stores throughout the heartland that is currently dominated by the likes of Target and WalMart. Income levels in many of these served areas are far lower than the major metropolitan areas where Macys dominates. Some are wondering if the Macys name will have to drop down to accommodate the new markets. It has been forecast that federal approval will given by the end of the third quarter, just in time for the big holiday shopping season. Federateds present to itself this Christmas season will be a bigger retail family to support; time will tell if consumers buy into the expanded retail giant or go elsewhere in search of other opportunities, especially in the heartland where the Macys brand is currently unavailable. Regardless, 2006 will shape up as a year of change with recognized store brand names such as Filenes disappearing and with the Macys name expanding. Lets see how the American consumer reacts! Warning: include(/www/htdocs/includes/728x90.php) [function.include]: failed to open stream: No such file or directory in /home/indemand/public_html/domains/avidshopper.net/articles/index.php on line 226 Warning: include() [function.include]: Failed opening '/www/htdocs/includes/728x90.php' for inclusion (include_path='.:/usr/lib/php') in /home/indemand/public_html/domains/avidshopper.net/articles/index.php on line 226 |
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