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53-741: Helen Wetmore, whose husband's family had homesteaded the land in the late 1800s, came up with the idea for the Tucson Mall. During a trip to Chicago in the 1930s, she spotted a shopping center on the Skokie Highway and thought to herself, "That's what I am going to have on my land." She kept the parcel of land together until 1978, and at that point plans for the mall were initiated with Forest City Enterprises. The Tucson Mall opened in 1982, with about 100 stores and five department stores, including Broadway , J. C. Penney , Mervyn’s , Diamond's and Sears . Hellmuth, Obata & Kassabuam of Dallas, Texas were

106-561: A concept called "My Macy's", in which the buyers and planners all look at what the local consumer base is looking for in their local Macy's store. This will help bring a better sense of branding, sizing, and marketing to each Macy's store nationwide. Macy's Inc. decided to close the Bloomingdale's at the Mall of America in Minnesota . Since 1994, Bloomingdale's had been one of the 4 anchor stores of

159-430: A department store holding company for F&R Lazarus & Company (including its Cincinnati division, then known as Shillito's ), Abraham & Straus , and William Filene's Sons of Boston. In 1930, Bloomingdale Brothers of New York joined. In the mid-1930s, a modern merchandising standard was set when Fred Lazarus Jr. arranged garments in groups of a single size with a range of style, color and price, basing

212-539: A deterioration in the company's operating and credit metrics. The domain macysinc.com attracted at least 3 million visitors annually by 2008, according to a Compete.com survey. On Wednesday, February 6, 2008, Terry Lundgren announced the localization strategy and the company's plan to shed 2,550 jobs. This new localization strategy is known as "My Macy's." Employees of the Macy's North headquarters office in Minneapolis ,

265-703: A dominant retailer in Southern California and the Southwest. Its fortunes eventually declined, and Federated Department Stores (now Macy's, Inc. ) bought the chain in 1995. In 1996, Broadway stores were either closed or converted into Macy's and Bloomingdales , some of which were sold and converted to Sears , including the Stonewood Center and Whittwood Town Center locations. In 1895, J. A. Williams formed J. A. Williams & Co., built and opened his J. A. Williams & Co. Dry Goods Store on August 29, 1895 in

318-448: A high-profile battle, with Macy's (at that time not part of Federated, but a rival), also submitting competitive bids of over $ 6 billion. Nonetheless, in April 1988, Federated gave in and agreed to a $ 6.6 billion takeover by Campeau. It was the largest merger in corporate history, barring the oil sector. Macy's paid Campeau $ 1.1 billion to acquire the 20-store Bullock's / Bullocks Wilshire and

371-747: A list of the Broadway store numbers with their locations and opening dates: The last Broadway Southwest store was originally planned to be built at Superstition Springs Center mall in Mesa, Arizona . But due to the attempted hostile takeover by The Limited, construction was halted. And as a result, it started doing business as Robinsons-May instead in 1994 (now Macy's since 2006). Strawbridge's added to division in 1996 Meier & Frank added to division in 2002 ; Zion's Cooperative Mercantile Institution (2001, to Meier & Frank) Macy%27s, Inc. Macy's, Inc. (previously Federated Department Stores, Inc. )

424-415: A newly built store across the street in the new Plaza Pasadena mall. In 1950, the company merged with Sacramento -based Hale Brothers to form Broadway-Hale Stores . In the same year it purchased the year-old Westchester branch of Milliron's and converted it to a Broadway. The store, designed by legendary retail architect Victor Gruen , was a considered a model of ultra-modern retail architecture at

477-610: A very exciting future for Macy's and Bloomingdale's" said Terry J. Lundgren , chairman, president and chief executive officer. Macy's also got rid of its division structure and integrated its functions into one organization. Macy's central buying, merchandise planning, stores senior management and marketing functions merged to its New York City corporate office (formerly Macy's East ). Corporate-related business functions, such as finance and human resources, will be primarily in Cincinnati. To buy with local consumers in mind, Macy's developed

530-443: Is an American holding company of department stores . Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus , Lazarus , Filene's , and Shillito's . Bloomingdale's joined Federated Department Stores the next year. Throughout its early history, frequent acquisitions and divestitures saw the company operate a number of nameplates. In 1994, Federated took over Macy's ,

583-452: The Macy's masthead and a few to the Bloomingdale's name. One of the consequences of this rebranding is that several malls have two Macy's stores. In downtown Boston, Federated liquidated an acquired Filene's because it already had a Macy's (formerly a Jordan Marsh) across the street. The two stores have a combined floorspace of more than 1,400,000 square feet (130,000 m ), more than two-thirds

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636-729: The old store's venerable name. Macy's, Inc. owns the department store chains Bloomingdale's and Macy's , and beauty store chain Bluemercury , all of which operate flagship stores in Manhattan . As of October 2022 , it operates 722 locations in the United States , Guam , and Puerto Rico . The company was the world's largest fashion goods retailer and the 36th-largest retailer overall in 2010. Macy's, Inc. has been headquartered within Macy's Herald Square in New York City since 2020, and

689-401: The 25-store specialty apparel chain I. Magnin . Two years later, Federated filed for bankruptcy after Campeau failed to refinance the debt of Federated and Allied Stores Corp. In 1992, Campeau was ousted and Federated emerged from bankruptcy as a new public company, Federated Stores, Inc. , dropping the word "Department" from the previous company. As part of the reorganization, Federated sold

742-643: The Downtown flagship store evolved in size as follows: In 1931, The Broadway bought the B. H. Dyas Hollywood store which became the Broadway-Hollywood . In 1940, The Broadway built a landmark three-story store in Pasadena , at the corner of Colorado and Los Robles on the site of the old famous Maryland Hotel. The striking Streamline Moderne building had a 117-foot tower with a marquee facing both streets, and parking for 400 cars. It would be abandoned in 1980 for

795-686: The Federated Department Stores corporate umbrella for the first time since 1988. Federated announced plans to sell 80 store locations in 2006, having pledged in its settlement to sell most of them as viable businesses, with preference being given to a group of thirteen competitors. This number could fluctuate pursuant to Federated's negotiations with various mall landlords and its final decision regarding using former Macy locations for its luxury Bloomingdale's operation. On January 12, 2006, Federated announced its plans to divest May Company's Lord & Taylor division (48 stores in 12 states) by

848-557: The Macy's Northwest headquarters office in Seattle , and the Macy's Midwest headquarters office in St. Louis were given pink slips , as Macy's pared its seven regional centers to four. About 40 new jobs were to be created in May as part of the restructuring. By 2009, the company expected to save $ 100 million (equivalent to $ 142 million in 2024) a year from the cuts. On February 2, 2009, Macy's announced

901-506: The Ralphs chain to a group of owners led by Edward J. DeBartolo Corporation . Also in 1992, Macy's declared bankruptcy; Federated acquired it two years later, in 1994. The name of the once-main-rival of Federated, Macy's, would soon become the consumer-facing identity of most of Federated's stores. In 1995 Federated bought Broadway Stores, Inc. and its California-based Emporium-Capwell , Weinstock's and The Broadway chains. Macy's changed

954-446: The approximately 80,000-square-foot (7,400 m) space formerly anchored by Mervyn's as part of its strategy to open larger stores with a more diverse merchandise selection. On February 6, 2020, it was announced that Sears would be closing as part of a plan to close 31 stores nationwide. The store closed in April 2020. Sun Tran 's Tohono Tadai Transit Center, located adjacent to the Mall,

1007-465: The architects for the mall. Each of the five original department stores hired their own designers. Forest City Dillon Inc. was the general contractor. Diamond's was converted to Dillard's in 1984. Beginning in 1990, the mall began an extensive expansion project. First, the Dillard's anchor was expanded and a parking garage was added adjacent to Dillard's. On the east side of the mall, an entirely new wing

1060-476: The buyout was the bridal and formal unit of May, consisting of David's Bridal and After Hours Formalwear . Federated would also assume $ 6 billion (equivalent to $ 9.36 billion in 2024) of May's debt, bringing total consideration to $ 17 billion (equivalent to $ 26.5 billion in 2024). The deal would create the nation's largest department store chain with over 1,000 stores and $ 30 billion (equivalent to $ 46.8 billion in 2024) in annual sales. To help finance

1113-420: The company revised its plans for the new name, opting to eventually become Macy's, Inc. Federated shareholders approved the revised proposal during the company's annual meeting on May 18, 2007. The name took effect on June 1, 2007. The reasoning for the proposed name change—according to Terry Lundgren , Federated's chairman, president, and chief executive officer—hinges on the large-scale conversions throughout

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1166-720: The company toward the Macy's nameplate. "Today, we are a brand-driven company focused on Macy's and Bloomingdale's, not a federation of department stores," Lundgren said in the company's press release heralding the proposed name. Upon the change to Macy's Inc., Federated's stock ticker symbol on the New York Stock Exchange changed from "FD" to "M", making the new Macy's Inc. one of a handful of single-letter ticker symbol companies. In April 2008, Moody's Investors Service said that it might downgrade Macy's Inc. bonds to just above junk status. That same month, Fitch Ratings downgraded their bond credit rating to BBB− from BBB, noting

1219-622: The deal, Federated agreed to sell its combined proprietary credit card business (but still administered by FACS Group, a subsidiary of Federated) to Citigroup. The merger was completed on August 30, 2005, after an assurance agreement was reached with the Attorneys General of New York , California , Massachusetts , Maryland , and Pennsylvania . As a result of the merger, Federated also in the process reacquired two of their former department store chains Foley's & Filene's (Which Federated originally sold to May Company), putting them back under

1272-504: The elimination of 7,000 jobs, or 4% of its workforce, and slashed its dividend as it looked to lower expenses as part of a major restructuring. Cincinnati -based Macy's Inc. stated that the workforce reduction included positions in offices, stores, and other locations, and the cuts include some unfilled jobs. "Reducing our workforce is an unfortunate outcome of the current economic environment, and I am frustrated that so many of our people will be unable to move forward with us as we proceed into

1325-650: The end of 2006 after utilizing prime and conflicting real estate by closing and converting several locations. On June 22, 2006, Macy's announced that NRDC Equity Partners , LLC would purchase Lord & Taylor for US$ 1.2 billion (equivalent to $ 1.81 billion in 2024), and completed the sale in October 2006. On September 9, 2006, the former May Company store names Famous-Barr , Filene's , Foley's , Hecht's , The Jones Store , Kaufmann's , L. S. Ayres , Marshall Field's , Meier & Frank , Robinsons-May , and Strawbridge's disappeared as Federated switched most of them to

1378-537: The holiday evening, and remained open for 24 hours straight until the close of business on Friday, which is usually about 10 p.m. As of February 2014 , Macy's Inc. is valued at US$ 28 billion. In September 2015, Macy's announced it would close 40 stores, 5% of its total stores in early 2016. It also announced plans to open 6 additional Macy's Backstage locations. From 2010 to 2015, Macy's had closed 52 stores and opened 12. In February 2020, Macy's announced that their headquarters in downtown Cincinnati will be closing in

1431-466: The hyphenated names were changed to simply Macy's, a rebranding process referred internally to as Project Star. The department store chain Stern's , a division of Federated, ceased operations in 2001 and most of its stores became Macy's stores. Federated began selling goods online in 1998, rather later than most contemporary large retailers; Federated ran a private bank, FDS Bank, which issued and maintained

1484-746: The last remaining family member with an official role at the company. ) In 1945, Federated moved its corporate offices to Cincinnati . The latter half of the 20th century saw the company expand nationwide, adding Rike Kumler of Dayton, Ohio (merged into Shillito's in the 1980s to become Shillito-Rike's); Burdines of Miami, Florida; Rich's of Atlanta, Georgia; Foley's of Houston, Texas; Sanger Brothers and A. Harris, both of Dallas, Texas (which were merged to form Sanger-Harris ); Boston Store of Milwaukee, Wisconsin; MainStreet of Chicago, Illinois; Bullock's , of Los Angeles; I. Magnin , of San Francisco, California; Gold Circle ; and Richway Discount Department Stores of Worthington, Ohio. Federated entered

1537-490: The majority of its own consumer credit card portfolio, was one of the last credit card banks to begin to allow its cardholders to access account information online (around 2004). In 1998, Federated settled an SEC investigation for $ 14.46 million (equivalent to $ 27 million in 2024) due to unethical debt-collection practices. Federated routinely forced credit card holders/debtors to sign an agreement that legally bound them to repay their outstanding balances instead of having

1590-401: The majority of locations were converted to the Macy's nameplate. Several stores in affluent areas where Macy's already had locations, South Coast Plaza , Sherman Oaks Fashion Square , Century City Shopping Center , Beverly Center , and Fashion Island Newport Beach, were closed, refurbished and reopened as Bloomingdale's . Federated sold many of the remaining stores to Sears . This is

1643-404: The mall, and will be replaced with a $ 30 million renovation with four new foreign clothing stores. On October 14, 2013, Macy's Inc. announced the decision to open most of their stores for the first time on Thanksgiving Day 2013, breaking a long-standing tradition of 155 years, and joined the ranks of retailers who created Gray Thursday the year before. Its doors opened at 8 p.m. (local time) on

Tucson Mall - Misplaced Pages Continue

1696-571: The nameplate of these three chains and Bullock's to Macy's, or in some cases, turned locations into Bloomingdales. In 2003, Federated changed the nameplates of almost all their remaining non-Macy's stores – the lone exception was Bloomingdales – to include the Macy's name, a rebranding internally dubbed Project Hyphen. For example, Seattle -based The Bon Marché became Bon-Macy's; Goldsmith's in Tennessee became Goldsmith's-Macy's; Lazarus, Burdines, and Rich's also added "-Macy's" to their name. A year later,

1749-417: The near future with all corporate operations relocating to New York City. This news came after a gradual pulling out of the Cincinnati area with a couple of area store closures and the retirement of a top executive. In November 2021, Macy's announced the launch of its digital marketplace, which set to debut in the second half of 2022. Macy's will partner with AlixPartners and Mirakl . In November 2023, it

1802-598: The new Hallett & Pirtle Building designed by Frederick Rice Dorn , who would later design the Marsh-Strong building and The Broadway Hollywood . Williams had a 30-foot storefront along Broadway, occupying only part of the building's ground floor. Other tenants included Pearson Draperies, the La Veta restaurant, medical offices, apartments, and later on the Hotel Savoy. In February, 1896, Williams went bankrupt and his store

1855-522: The old department store chain originally founded in 1858 by American entrepreneur Rowland Hussey Macy . Despite Federated's long history of preserving regional nameplates, its acquisition of the May Department Stores Company in 2005 marked the end of those nameplates. By the following year, both the Macy's and Bloomingdale's brands had replaced them nationwide. Ultimately, Federated itself was renamed Macy's, Inc. in 2007, an acknowledgment of

1908-407: The size of Macy's New York City flagship store. On November 17, 2006, the bridal and formal unit was sold. David's Bridal and Priscilla of Boston were sold to Leonard Green & Partners . After Hours Formalwear was sold to Men's Wearhouse . On February 27, 2007, Federated announced that its board of directors would ask shareholders to change the company's name to Macy's Group, Inc. By March 28,

1961-427: The south side of the Tucson Mall. A parking structure was also added adjacent to the current Macy's. In 2008, GameStop , formerly an Electronics Boutique, in the bottom floor was relocated to the center as a Software ETC on the top floor, also owned by Gamestop, hyped a bigger, better Gamestop, this larger center one being the result. Mervyn's closed their store with the chain's demise. In 2009, Forever 21 opened in

2014-654: The supermarket industry in 1968 when it acquired the Ralphs chain based in Southern California. In 1982, Federated acquired the Twin Fair, Inc. discount store chain based in Buffalo, New York , and merged it with Gold Circle. In 1983, Federated sold four shopping center properties to JMB Realty . Canadian real estate developer Robert Campeau – who had taken over and dismembered Allied Stores in 1986 – attempted to take over Federated starting in early 1988 which Federated fought off in

2067-646: The technique upon observations made in Paris. As well, Lazarus convinced President Franklin D. Roosevelt that it would help American economy to change the Thanksgiving holiday from the last Thursday of November to the fourth Thursday, thus extending the Christmas shopping season. An act of Congress perpetuated the arrangement in 1941. Black Friday became a nationwide sensation and the most profitable day for Federated. (Robert Lazarus Jr. worked at Federated until he died in 2013,

2120-640: The time, with rooftop parking and striking, angular design designed to attract passing motorists. The Broadway bought out competitors in Los Angeles (B.H. Dyas, Milliron's , and Coulter's ), and expanded into new markets through acquisitions of small local chains: Marston's in San Diego and Korricks in Phoenix . In later years the Broadway opened stores in Nevada ( Las Vegas ), New Mexico , and Colorado . In 1979, it

2173-679: The unsecured debt discharge via the filing of bankruptcy . Federated failed to file reaffirmation agreements with bankruptcy courts. As a result, the changes in the agreements were not legally binding. In 2001 Federated acquired Liberty House of Hawaii as it emerged from Chapter 11 bankruptcy . It was managed as part of Macy's West and all the store names were changed to Macy's. In 2005, Federated agreed to sell its credit card business to Citigroup . On February 28, 2005, Federated Department Stores announced that it would acquire May Department Stores company for $ 11 billion (equivalent to $ 17.2 billion in 2024) in cash and stock. Also part of

Tucson Mall - Misplaced Pages Continue

2226-471: The upper level, new escalators and elevators where stairs had been, a new children’s play area, new and refurbished restrooms, reworked food court and Arizona Avenue, changes to fountains and a new paint scheme. In 2006, the Robinsons-May was changed to a Macy's after Macy's acquired them in a corporate purchase. The existing Macy's on the south side of the mall was vacated. In 2007, the former Macy's store

2279-492: Was able to pay off all of his creditors in a short period of time after acquiring the assets for the failed store by the quick sale of the same assets and by watching his expenses. In a short period of time, the business was doing so well, that it had to expand into adjacent store fronts. Between 1900 and 1910, the population of Los Angeles more than tripled. Bullock's , in 1907, and Hamburger's (later May Co. ), in 1908, had both opened stores occupying entire city blocks. It

2332-622: Was advertised, had 242 feet (74 m) of storefront along Broadway and 166 feet (51 m) along Fourth Street. It was 9 stories high and covered 11 acres (4.5 ha), stretching from Broadway all the way west to Hill Street, which also had an entrance. On November 10, 1924, The Broadway added another building, 80 feet (24 m) wide and 123 feet (37 m) deep, immediately west of the main building along Fourth Street, thus adding 119,790 square feet (11,129 m ) of floor space over ten above-ground and three below-ground floors. It added six passenger and three freight elevators. In summary,

2385-454: Was built; the original mall footprint had stopped just to the east of the center court area. The area to the southeast of the Mervyn's had been a parking lot. A new wing opened in 1991 and added over 400,000 sq ft to the mall, over 70 new stores, and a sixth anchor, Houston-based Foley's . In 1993, the food court was renovated with addition of a carousel and Arizona Avenue. In 1996, the Broadway

2438-536: Was changed to a Macy's after Federated Department Stores acquired Broadway. In 1997, all of Foley's locations in Arizona were rebranded as the Los Angeles –based Robinsons-May . In 2001, General Growth Properties purchased Tucson Mall. In 2003, the aging mall underwent a $ 15 million overhaul, which was the first major overhaul since it opened in 1982. The mall was given all new polished tile floors, glass railings on

2491-456: Was clear to Letts that The Broadway needed a new, much larger building. In 1912 The Broadway announced plans for a new nine-story building with nearly 11 acres of floor space to be built at the same location (320 W. Fourth St., southwest corner of Broadway, now the Junipero Serra state office building). The building was completed in 1915. The new "New and Greater Broadway store", as it

2544-430: Was demolished in preparation for an extensive remodel and addition on the south side of the mall. The changes include the addition of a grand entrance hall in the location of the old anchor, extension of stores on both the east and west side of the new entrance, addition of multiple water features, complete update of facade from current Macy's to Mall Security Offices, and the addition of REI and The Cheesecake Factory on

2597-486: Was liquidated. Arthur Letts bought the (by then "The Broadway Department Store") name, assets, fixtures, and lease for $ 8,377. On February 24th of that year, The Broadway started operating under Letts. The previous owners had a good location in a recently constructed building at the southwest corner of Broadway and Fourth Streets, but had all of its assets seized by their creditors for failure to pay its bills after just four short months of operations. In contrast, Letts

2650-400: Was opened in 1994. 32°17′20″N 110°58′25″W  /  32.28889°N 110.97361°W  / 32.28889; -110.97361 The Broadway The Broadway was a mid-level department store chain headquartered in Los Angeles, California . Founded in 1896 by English-born Arthur Letts Sr., and named after what was once the city's main shopping street , the Broadway became

2703-773: Was previously headquartered in Cincinnati , Ohio from 1945 until 2020. Federated Department Stores traces its corporate lineage to F&R Lazarus & Company , founded in Columbus, Ohio , in 1851. In the summer of 1929, months before the Wall Street Crash of 1929, Fred Lazarus Jr. met with Walter N. Rothschild from Abraham & Straus of Brooklyn and Edward Filene from Filene's of Boston on Rothschild's yacht in Long Island Sound. The three businessmen agreed to merge their stores and form Federated Department Stores, as

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2756-516: Was reported that Arkhouse Management and Brigade Capital Management have offered to buy Macy's Inc. for $ 5.8 billion. Macy's rejected the offer in January 2024 citing the unsolicited offer to be undervalued. The investor group increased their offer to $ 6.6   billion two months later. In February 2024, Macy's announced it would close 150 stores by 2026. The conversion of Marshall Field's in Chicago

2809-449: Was split into two divisions: The Broadway Southern California, based in Los Angeles; and Broadway Southwest, headquartered in Phoenix, for the stores outside California. The Broadway's parent Carter Hawley Hale Stores ran into financial difficulties which resulted from poor management decisions and hostile takeover attempts. In 1996 the chain was acquired by Federated Department Stores and

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