- May Department Stores
Infobox Defunct Company
company_name = The May Department Stores Company
fate = Bought by
Federated Department Stores
foundation = 1877
defunct = 2005
Leadville, Colorado(1877-1888) Denver, Colorado(1888-1905) St. Louis, Missouri(1905-2005)
David May(founder) Morton May(chairman, 1951-1967)
products = Clothing
Famous-Barr Filene's Foley's Hecht's The Jones Store Kaufmann's Lord & Taylor L.S. Ayres Marshall Field's Meier & Frank Robinsons-May Strawbridge's
The May Department Stores Company was a national
department storechain in the United States, founded in 1877 by David May. [ [http://www.macysinc.com/company/his_2.asp The Drive to Differentiate - Macy's, Inc ] ] The company ceased to exist in 2005 when it was purchased by Federated Department Stores (now known as Macy's, Inc.).
Founding and early years
1877: Founded in Leadville during the Colorado
1888: Headquarters moved to Denver.
1905: Headquarters moved to St. Louis. [http://www.macysinc.com/company/his_3.asp The Drive to Differentiate - Macy's, Inc ] ]
1910: Officially incorporated as The May Department Stores Company.
1923: May acquires A. Hamburger & Sons Company in Los Angeles and renames it as
May Company California.
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. [http://www.macysinc.com/company/his_4.asp The Drive to Differentiate - Macy's, Inc ] ]
1959: May acquires The Hecht Company of Baltimore, adding it as a new division.
Morton Maybecame 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.
1986: May acquires the
Associated Dry Goodsholding company and its many famous store chains, the largest-ever retail acquisition in history at that time. [ [http://www.macysinc.com/company/his_5.asp The Drive to Differentiate - Macy's, Inc ] ]
1996: May acquires the
Strawbridge'schain based in Philadelphia. [http://www.macysinc.com/company/his_6.asp The Drive to Differentiate - Macy's, Inc ] ]
2004: May Department Stores takes over the
Marshall Field'schain from Target Corporation. [http://www.macysinc.com/company/his_7.asp The Drive to Differentiate - Macy's, Inc ] ]
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. [ [http://www.thearticlewriter.com/Federated.htm Federated Prepares to Absorb May Department Stores] ]
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 & Taylorand Priscilla of Boston).
Merger of Federated and May
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 Citigroupas 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, Marylandand 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'smastheads — including legendary Marshall Field's. All locations that were not sold off were rebranded as Macy's, except for one Hecht'slocation 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.
Historical department stores incorporated into May Company
title = Historical department stores incorporated into May Company
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bodystyle = text-align:left;
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