Contents 1 History 2 May Centers 3 Merger of Federated and May 4 References 5 External links


History[edit] Christmas advertisement for Hamburger's Department Store, Los Angeles, 1905 The 1939 Streamline Moderne style May Company Wilshire building in Los Angeles. It was later adapted for use as The Academy Museum of Motion Pictures 1877: Founded in Leadville during the Colorado silver rush. 1889: Headquarters moved to Denver. 1899: May acquires the E. R. Hull & Dutton Co. of Cleveland, renaming it The May Company, Cleveland, later named the May Company Ohio. 1905: Headquarters moved to St. Louis.[3] 1910: Officially incorporated as The May Department Stores Company.[3] 1911: The Famous Clothing Store (owned by May) and The William Barr Dry Goods Company merged to create Famous-Barr.[3] 1912: May acquires the M. O'Neil Co. (O'Neil's) department store of Akron, Ohio. 1923: May acquires A. Hamburger & Sons Co. in Los Angeles and renames it May Company California. 1946: May acquires the Kaufmann's chain based in Pittsburgh, retaining it as a separate division.[3] 1947: May acquires Strouss-Hirshberg Co. based in Youngstown, Ohio, retaining it as a separate division and changing the name to Strouss. 1956: May acquires The Daniels & Fisher Company of Denver, merging it with May stores in the area to create a new May D&F division.[4] 1958: May acquires the Cohen Bros. Department Store in Jacksonville, Florida, turning it into the May Cohens chain.[5] 1959: May acquires The Hecht Company of Baltimore, adding it as a new division.[4] 1965: May acquires G. Fox & Co. 1966: May acquires the Meier & Frank chain based in Portland, Oregon, adding it as a new division.[4] 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. 1968: Venture Stores was founded when Target co-founder John F. Geisse went to work for May Department Stores. Under an antitrust settlement reached with the Department of Justice, May was unable to acquire any more retail chains at the time, and the department store company needed a way to compete against the emerging discount store chains. 1970s: May sold the 70-store Consumers Distributing chain of catalog merchants to the Canadian Consumers Distributing company.[6] It closed its stores in 1996. 1986: May acquires the Associated Dry Goods holding company and its chains (including Loehmann's, Lord & Taylor, and Caldor), the largest-ever retail acquisition in history at that time.[7] 1988: May acquires Foley's in Houston and Filene's in Boston from Federated Department Stores.[8] 1993: May Company California and JW Robinsons merged to form Robinsons-May. 1995: May acquires the John Wanamaker chain based in Philadelphia. 1996: May acquires the Strawbridge's chain based in Philadelphia.[9] 1998: May acquires The Jones Store chain based in Kansas City, Missouri.[9] 1999: May acquires Zions Cooperative Mercantile Institution based in Salt Lake City, folding it into the Meier & Frank subsidiary.[9] 2000: May Department Stores purchases David's Bridal[10] 2004: May Department Stores takes over the Marshall Field's chain from Target Corporation.[11] 2005: May is purchased by Federated Department Stores for $11 billion in stock, with all former May divisions being folded into Federated's various Macy's branches.[11][12] 2006: Over 400 former May stores, with their wide variety of long-standing brand names, are consolidated and renamed as Macy's. In addition, Federated sells off three former May chains (David's Bridal, Lord & Taylor and Priscilla of Boston).[11]


May Centers[edit] The company previously developed malls under the name May Centers, Inc. The first shopping center that May Department Stores developed was an open-air shopping center that first opened in 1947 that later became the Baldwin Hills Crenshaw Plaza in Los Angeles.[13] During the mid-1980s, the company noticed that their company's stock was vastly undervalued and that the company was at risk of becoming a hostile takeover target,[14][15] May Department Stores needed to re-purchase some of its company's stock to increase the share price. To accomplish this, they needed to obtain cash quickly, which they did by making a deal with Prudential Insurance in which the insurance company gave May $550 million in exchange for 50% ownership of May Centers.[16][17] In 1992, Prudential purchased the rest of May Centers and renamed the company CenterMark.[17][18] The following year Prudential sold the company to a consortium that was composed of General Growth Properties, a real estate investment trust in Des Moines; Westfield Holdings Ltd. of Australia; and Whitehall Street Real Estate L.P. III, an investment partnership formed by Goldman, Sachs & Co.[19][20] In 1996, General Growth sold its share to Westfield, which enabled Westfield to add these properties to its existing collection of properties.[21] The majority of the properties that were initially developed by May had become very successful[according to whom?] and had become a part of Westfield and remain so as of January 2016. However, not all of the original May properties were sold to Westfield and a few properties that Westfield purchased were later sold. Laurel Plaza is a special case. At the time of the sale of May Centers, Laurel Plaza also housed the headquarters for May Company California in addition to a regional store, so May Department Stores retained this property. May was trying to enlarge this mall in 1988.[22] Because of damage incurred during the 1994 Northridge earthquake, May and its successor Macy's were unable to dispose of the property until 2014.[23] Westfield sold most of its St. Louis-area malls to Chattanooga-based CBL & Associates Properties. St. Clair Square was sold in 1996.[24] Mid-Rivers Mall, South County Center, and West County Center were sold in 2007.[25] In 2006, Westfield sold four former May Center malls to Australia-based Centro.[26] These properties include Eagle Rock Plaza, Enfield Mall, West Park Mall, and Westland Towne Centre. Economically, these locations were not performing as well as they should.[27] In 2012, Madison Marquette Retail Services was hired to manage these properties.[28] In November 2015, Westfield sold Westfield Carlsbad, formerly Plaza Camino Real, to Rouse Properties.[29] Some of the malls that May built included: Alton Square Mall, Alton, Illinois Annapolis Mall, Annapolis, Maryland Ballston Common Mall, Arlington, Virginia Eagle Rock Plaza, Los Angeles, California Eastland Center, West Covina, California Enfield Square, Enfield, Connecticut La Jolla Village Square, La Jolla, California[30][31] Laurel Plaza, North Hollywood, California[22][23][32] Meriden Square (now Westfield Meriden), Meriden, Connecticut Mid Rivers Mall, St. Peters, Missouri Mission Valley Center (now Westfield Mission Valley), San Diego, California Montgomery Mall (now Westfield Montgomery), Bethesda, Maryland Northland Shopping Center, Jennings, Missouri Plaza Bonita (now Westfield Plaza Bonita), National City, California Plaza Camino Real (now The Shoppes at Carlsbad), Carlsbad, California St. Clair Square, Fairview Heights, Illinois South County Center, St. Louis, Missouri Topanga Plaza (now Westfield Topanga), Canoga Park, California Vancouver Mall (now Westfield Vancouver), Vancouver, Washington West County Center, Des Peres, Missouri West Covina Fashion Place (now Plaza West Covina), West Covina, California West Park Mall, Cape Girardeau, Missouri Westland Center, Lakewood, Colorado


Merger of Federated and May[edit] 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, except for the Lord & Taylor chain, ceased to exist as Federated consolidated its operations under the Macy's mastheads including the stores most famous names Marshall Field's, Filene's, and Kaufmann's, as well as the last nameplate to still have the May name (Robinson's-May). All locations that were not sold off were 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 at NRDC Equity Partners, LLC for $1.2 billion in October 2006. David's Bridal and After Hours Formalwear were also soon sold thereafter.


References[edit] ^ "Federated and May Announce Merger; $17 billion transaction to create value for customers, shareholders. Archived July 16, 2012, at Archive.is" Business Wire, 28 February 2005. Retrieved on August 19, 2009. ^ The Drive to Differentiate - Macy's, Inc Archived April 8, 2008, at the Wayback Machine. ^ a b c d The Drive to Differentiate - Macy's, Inc Archived March 13, 2008, at the Wayback Machine. ^ a b c The Drive to Differentiate - Macy's, Inc Archived March 13, 2008, at the Wayback Machine. ^ "50 years ago this week". Financial News & Daily Record. November 24, 2008.  ^ Sweetman, Keri; Harrington, Denise (18 November 1981). "600 to lose jobs as Bay closes Shop-Rite stores". Ottawa Citizen. p. 3.  ^ The Drive to Differentiate - Macy's, Inc Archived March 13, 2008, at the Wayback Machine. ^ Foley's INTERVIEW Newsletter, Vol. 19, No. 6 January/February 2006 ^ a b c The Drive to Differentiate - Macy's, Inc Archived March 13, 2008, at the Wayback Machine. ^ |title=32 The May Department Stores Company to Acquire David's Bridal, Inc. |website= PR Newswire |date= July 3, 2000 Archived October 26, 2016, at the Wayback Machine. ^ a b c The Drive to Differentiate - Macy's, Inc Archived January 12, 2008, at the Wayback Machine. ^ Sorkin, Andrew Ross; Rozhon, Tracie (February 28, 2005). "2 Big Retailers Agree To Merge For $11 Billion". New York Times.  ^ Folkart, Burt A. (April 23, 1992). "David May II; Scion Helped Family Store Chain Grow". Los Angeles Times.  ^ Barmash, Isadore (July 20, 1984). "May Stores As A Target". New York Times.  ^ "May Stores Stock Purchased The May Department Stores Company, which has been a rumored takeover target, said the Crown Books Corporation and certain affiliates had purchased fewer than 1% of May's common shares. James Abrams, vice president for corporate communications, said We don't know of any interest by Crown to purchase more of May's shares.". New York Times. February 2, 1985.  ^ Keppel, Bruce (August 18, 1988). "$550-Million Deal to Help May Stores Fend Off Takeovers". Los Angeles Times.  ^ a b Apodaca, Patrice (August 4, 1992). "Making Over Topanga Plaza : Retail: The successful Woodland Hills center undergoes a $45-million renovation now rather than suffer a possible dip in sales". Los Angeles Times.  ^ "May Centers now called CenterMark". Southeast Missourian. May 3, 1992. p. 1D.  ^ Mills, Joshua (November 4, 1993). "Prudential Will Sell Centermark". New York Times.  ^ "Prudential Selling Its Interest in 19 Malls, 9 in Southland". Los Angeles Times. November 4, 1993.  ^ Ziemba, Stanley (June 29, 1996). "General Growth Sells Stake". Chicago Tribune.  ^ a b Pyle, Amy (April 29, 1988). "N. Hollywood Partnership Buying Land for Huge Mall". Los Angeles Times.  ^ a b Vincent, Roger (January 12, 2014). "Laurel Plaza shopping center in North Hollywood is sold". Los Angeles Times.  ^ "Chattanooga developer buying St. Clair Square". St. Louis Business Journal. November 3, 1996.  ^ "CBL closes on $1B purchase of four area malls". St. Louis Business Journal. October 17, 2007.  ^ Heschmeyer, Mark (May 11, 2006). "Australian Firm To Buy a Half Billion in Westfield Malls: Centro Watt Enters Mall Business; US Platform Positioned To Continue Growth". CoStar Group.  ^ "$240Mln Mall-Portfolio Loan Moved to Special Servicing". Commercial Real Estate Direct. May 27, 2014.  ^ Miller, Melissa (April 30, 2012). "Progress continues with Isle of Capri casino construction". Southeast Missourian.  ^ Showley, Roger (November 4, 2015). "Westfield selling Carlsbad mall". San Diego Union-Tribune.  ^ "La Jolla Mall Completed". Los Angeles Times. November 4, 1979. p. H27. (Subscription required (help)). The $10-million, 212,000-square-foot La Jolla Village Mall has been completed. May Co. has opened a two-story, 173,000-square-foot department store... designed by Charles Kober and Associates.  Alternate Link via ProQuest. ^ Kraul, Chris (March 30, 1988). "La Jolla Village Square Being Sold; Expansion Planned". Los Angeles Times.  ^ "Laurel Plaza Shop Center Opens Today". Los Angeles Times. March 7, 1968. p. sf6. (Subscription required (help)). Laurel Plaza, May Co.'s shopping center, is scheduled for opening today at Laurel Canyon and Oxnard St. The 600,000 square foot shopping center is completely enclosed and air conditioned. Besides the May Co. store, it has 30 specialty and high fashion shops, an ice skating rink, restaurants, snack facilities and a central mall.  Alternate Link via ProQuest.


External links[edit] Wikimedia Commons has media related to May Department Store. May Company (Archive) Baltimore's Bygone Department Stores: Many Happy Returns. The History Press. 2012. ISBN 978-1-60949-667-8.  v t e Macy's, Inc. Bloomingdale's Bluemercury Macy's Key people Terry J. Lundgren Fred Lazarus, Jr. Simon Lazarus Rowland Hussey Macy Isidor Straus Nathan Straus Events Glamorama Macy's Great Tree Macy's Thanksgiving Day Parade My Macy's Holiday Parade Related Macy's Herald Square Miracle on 34th Street v t e Store conversions to Macy's and predecessors 2006 Famous-Barr L. S. Ayres The Famous Clothing Store (1911) The William Barr Dry Goods Co. (1911) The Jones Store added to division in 1998 L.S. Ayres added to division in 1991 Kaufman-Straus (1969) Pogue's (1983) Stewart Dry Goods (1985) Filene's Steiger's (1994) G. Fox & Co. (1993) Foley's Maison Blanche (1998) May D&F (1993) Sanger-Harris (1987) Hecht's Strawbridge's Castner Knott (1998) Wanamaker's (1995) Woodward & Lothrop (1995) Hess's (1994) Thalhimers (1992) Miller & Rhoads (1990) Strawbridge's added to division in 1996 Kaufmann's Hess's (1995) McCurdy's (1994) May Company Ohio (1992) Sibley's (1991) Strouss (1986) Marshall Field's Dayton's (2001) Hudson's (2001) Robinsons-May Meier & Frank May Company California (1993) J. W. Robinson's (1993) Goldwater's (1989, to May Company California, J. W. Robinson's and May D&F) Meier & Frank added to division in 2002; Zions Cooperative Mercantile Institution (2001, to Meier & Frank) 2005 Lazarus Horne's (1994) Block's (1987) Herpolsheimer's (1987) Shillito-Rike's (1986) Burdines Maas Brothers (1991) Jordan Marsh Florida (1991) Other regional stores The Bon Marché Goldsmith's Rich's 1996-2001 Bullock's (1996) The Emporium (1996) The Broadway (1996) Jordan Marsh (1996) Weinstock's (1996) Liberty House (2001) Stern's (2001) 1947-1995 O'Connor, Moffat & Co. (1947) John Taylor Dry Goods Co. (1949) Lasalle & Koch (1984) Bamberger's (1986) Davison's (1986) I. Magnin (1994) Abraham & Straus (1995) See also Allied Stores Associated Dry Goods The May Department Stores Company Macy's, Inc. v t e Marshall Field's Parent companies Batus Inc. Dayton-Hudson/Target Corporation The May Department Stores Company Federated Department Stores/Macy's Inc. Associated stores Frederick & Nelson The Crescent Ivey's Store conversions Dayton's Hudson's Related Marshall Field Marshall Field's Wholesale Store Marshall Field and Company Building Marshall Field and Company Store Frango v t e Store conversions to Hecht's 1998: Castner Knott 1995: Wanamaker's Woodward & Lothrop 1994: Hess's 1992: Thalhimers 1990: Miller & Rhoads See also: Strawbridge's (part of division from 1996) Retrieved from "https://en.wikipedia.org/w/index.php?title=The_May_Department_Stores_Company&oldid=821611560" Categories: Companies established in 1877Clothing retailers of the United StatesDefunct department stores of the United StatesCompanies based in ColoradoLake County, ColoradoMacy's, Inc.Companies based in St. LouisCompanies disestablished in 2005Defunct companies based in Missouri1877 establishments in ColoradoHidden categories: Webarchive template archiveis linksWebarchive template wayback linksPages containing links to subscription-only contentPages using deprecated image syntaxAll articles with specifically marked weasel-worded phrasesArticles with specifically marked weasel-worded phrases from April 2016


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May Company CaliforniaJ.W. MaysRetailMacy's, Inc.Macy's IncLeadville, ColoradoDenver, ColoradoSt. Louis, MissouriDavid May (merchant)Morton MaySubsidiaryFamous-BarrFilene'sFoley'sHecht'sThe Jones StoreKaufmann'sLord & TaylorL.S. AyresMarshall Field'sMeier & FrankRobinsons-MayStrawbridge'sCaldorDepartment StoreHolding CompanyDowntown St. LouisMissouriMacy's, Inc.Foley'sL.S. AyresMay Company CaliforniaEnlargeEnlargeStreamline ModerneMay Company Building (Wilshire, Los Angeles)Los AngelesThe Academy Museum Of Motion PicturesSilver RushMay Company OhioIncorporation (business)The Famous Clothing StoreThe William Barr Dry Goods CompanyFamous-BarrMay Company CaliforniaKaufmann'sStroussMay-Daniels & FisherJacksonville, FloridaHecht'sG. Fox & Co.Meier & FrankMorton MaySt. Louis Art MuseumVenture StoresConsumers DistributingAssociated Dry GoodsLoehmann'sLord & TaylorCaldorFoley'sFilene'sFederated Department StoresMay Company CaliforniaJW RobinsonsRobinsons-MayWanamaker'sStrawbridge'sThe Jones StoreZions Cooperative Mercantile InstitutionDavid's BridalMarshall Field'sTarget CorporationDavid's BridalLord & TaylorBaldwin Hills Crenshaw PlazaPrudential InsuranceWestfield CorporationWikipedia:Manual Of Style/Words To Watch1994 Northridge EarthquakeCBL & Associates PropertiesAlton Square MallAlton, IllinoisAnnapolis MallAnnapolis, MarylandBallston Common MallArlington, VirginiaLos Angeles, CaliforniaEastland Center (West Covina)West Covina, CaliforniaEnfield SquareEnfield, ConnecticutLa Jolla, CaliforniaNorth Hollywood, CaliforniaWestfield MeridenMeriden, ConnecticutMid Rivers MallSt. Peters, MissouriWestfield Mission ValleySan Diego, CaliforniaWestfield MontgomeryBethesda, MarylandJennings, MissouriWestfield Plaza BonitaNational City, CaliforniaPlaza Camino RealCarlsbad, CaliforniaSt. Clair SquareFairview Heights, IllinoisSouth County CenterSt. Louis, MissouriWestfield TopangaCanoga Park, CaliforniaVancouver MallWestfield VancouverVancouver, WashingtonWest County CenterDes Peres, MissouriPlaza West CovinaPlaza West CovinaWest Covina, CaliforniaWest Park MallCape Girardeau, MissouriLakewood, ColoradoMacy's, IncCitigroupNew York StateCaliforniaMassachusettsMarylandPennsylvaniaMacy'sMarshall Field'sFilene'sKaufmann'sRobinson's-MayHecht'sFriendship HeightsBloomingdale'sLorain, OhioLord & TaylorMW TuxArchive.isWayback MachineWayback MachineWayback MachineFinancial News & Daily RecordOttawa CitizenWayback MachineWayback MachineWayback MachineWayback MachineNew York TimesLos Angeles TimesNew York TimesNew York TimesLos Angeles TimesLos Angeles TimesSoutheast MissourianNew York TimesLos Angeles TimesChicago TribuneLos Angeles TimesLos Angeles TimesSt. Louis Business JournalSt. Louis Business JournalCoStar GroupSoutheast MissourianSan Diego Union-TribuneLos Angeles TimesProQuestLos Angeles TimesLos Angeles TimesProQuestInternational Standard Book NumberSpecial:BookSources/978-1-60949-667-8Template:MacysIncTemplate Talk:MacysIncMacy's, Inc.Bloomingdale'sMacy'sTerry J. LundgrenFred Lazarus, Jr.Simon LazarusRowland Hussey MacyIsidor StrausNathan StrausGlamorama (Macy's)Macy's Great TreeMacy's Thanksgiving Day ParadeMy Macy's Holiday ParadeMacy's Herald SquareMiracle On 34th StreetTemplate:Macy's HistoryTemplate Talk:Macy's HistoryMacy'sFamous-BarrL. S. AyresThe Jones StoreKaufman-StrausH. & S. Pogue CompanyStewart Dry GoodsFilene'sSteiger'sG. Fox & Co.Foley'sMaison BlancheMay-Daniels & FisherSanger-HarrisHecht'sStrawbridge'sCastner KnottWanamaker'sWoodward & LothropHess'sThalhimersMiller & RhoadsKaufmann'sHess'sMcCurdy'sMay Company OhioSibley'sStroussMarshall Field'sDayton'sHudson'sRobinsons-MayMeier & FrankMay Company CaliforniaJ. W. Robinson'sGoldwater'sZions Cooperative Mercantile InstitutionLazarus (department Store)Joseph Horne CompanyWilliam H. 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