May Department Stores

From Wikipedia, the free encyclopedia

(Redirected from May Co.)
Jump to: navigation, search
The May Department Stores Company
Fate Bought by Federated Department Stores
Founded 1877 (Leadville, Colorado)
Defunct 2006
Location St. Louis, Missouri
Industry Retail
Products Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares.
Subsidiary Lord & Taylor, Marshall Field's, Filene's, Kaufmann's, Hecht's, Strawbridge's, Foley's, Robinsons-May, Meier & Frank, L. S. Ayres, Famous-Barr, and The Jones Store

The May Department Stores Company was a department store chain founded in 1877 by David May in Leadville, Colorado. Its headquarters moved to St. Louis, Missouri in 1905, and the company went public in 1911. David's grandson Morton May became the chairman in 1951 and headed the company for 16 years. Morton May was active in St. Louis civic affairs and was a patron of the St. Louis Art Museum.

In 2005 May Department Stores was acquired by Federated Department Stores for $11 billion in stock[1]. They now operate under the brand name Macy's.

Prior to its acquisition by Federated, May operated department stores nationwide, under the following brand names: Lord & Taylor, Marshall Field's, Filene's, Kaufmann's, Hecht's, Strawbridge's, Foley's, Robinsons-May, Meier & Frank, L. S. Ayres, Famous-Barr, and The Jones Store. In addition to its department stores, May operated a unit of bridal and formal apparel stores including After Hours Formalwear, David's Bridal and Priscilla of Boston.

On February 28, 2005, Federated Department Stores, Inc. announced that they would acquire the May company in a deal that would create the nation's second largest department store chain with over 1,000 stores and $30 billion in annual sales. To help finance the May Company deal, Federated agreed to sell its combined proprietary credit card business to Citigroup as well as May's bridalwear business.

The Federated/May merger was completed on August 30, 2005 after an assurance agreement was reached with the State Attorneys General of New York, California, Massachusetts, Maryland and Pennsylvania. Federated announced plans to close 76 store locations over the ensuing year, having pledged in its anti-trust settlement to sell most of them in the above mentioned states as viable businesses, with preference being given to a group of thirteen competitors.

By September 2006, all of the May regional nameplates (including legendary Marshall Field's), except for the Lord & Taylor chain, ceased to exist as Federated consolidated its operations under the Macy's mastheads, with all locations not having been sold off being rebranded as Macy's(except for one Hecht's location in Friendship Heights.That was rebuilt,and rebranded as Bloomingdale's). In advance of the retail consolidation, May's credit call center in Lorain, Ohio, ceased operations on July 1, 2006. Lord & Taylor, the "lone" department store division not to be largely converted to the Macy's nameplate, was sold to a group of investors for $1.2 billion in October 2006. David's Bridal and After Hours Formalwear were also soon sold thereafter.

  1. ^ Federated Prepares to Absorb May Department Stores

Advanced Search
Included Web Search Engines


Safe Search

close

Top Matching Results

Occasionally Search.com will highlight specialized results that are based on the context of your query. Examples of specialized results include specific links to news, images, or video.

Top Matching Results may highlight information from other Search.com pages, content from the CNET Network of sites, or third party content. The listings are based purely on relevance. Search.com does not receive payment for listings in this section but our partners that provide this data may get paid for listing these products.

Sponsored Links

This section contains paid listings which have been purchased by companies that want to have their sites appear for specific search terms and related content. These listings are administered, sorted and maintained by a third party and are not endorsed by Search.com.

Search Results

Search.com sends your search query to several search engines at one time and integrates the results into one list which has been sorted by relevance using Search.com's proprietary algorithm. You can customize the list of search engines included in your metasearch from the preferences.

The search engines that are used in your metasearch may allow companies to pay to have their Web sites included within the results. To view the Paid Inclusion policy for a specific search engine, please visit their Web site. Search.com does not accept payment or share revenue with any search engine partner for listings in this section.