Macy's Banner to Fly Over May

Cincinnati, Federated Department Stores Inc. will convert 330 stores owned by May Department Stores Co. to Macy’s after Federated’s takeover of May is complete. Famous-Barr, Filene’s, Hecht’s and Kaufmann’s are among the banners to be converted to Macy’s as of fall 2006, according to Jim Sluzewski, Federated spokesman. Federated will also sell 68 stores, 27 of which are Federated stores, in 2006. The company said that after the conversions take place, there will be 730 Macy’s nationwide.

Federated will keep the Lord & Taylor name, which represents 58 stores. It is still studying the Marshall Field’s name, which represents 60 stores. The company says it will not eliminate any jobs before March 1, and all May stores will keep their current names until after this year’s holiday season.