Misplaced Pages

#447552

65-404: Ward Parkway Center has been updated inside and out with evidence of more foot traffic despite expansion development and some empty storefronts. Ward Parkway Center is set to develop the former Dillard's site — six years after the department store closed. In 2016, plans were approved for a 31,000-square-foot, U-shaped addition with six restaurant tenants and a pedestrian plaza, all on south end of

130-561: 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

195-539: 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 ,

260-507: A division of Federated Department Stores ; the stores were rebranded as Dillard's in 1972. In 1974, five Leonard's stores were acquired in Fort Worth , and a commitment to open a new downtown Fort Worth store at the Tandy Center , the site of the original Leonard's. Also in 1974, the former Brown-Dunkin, Blass, Pfeifer and Mayer & Schmidt stores were fully renamed Dillard's. In the 1980s,

325-554: A fast-casual version of Peter Piper Pizza, opened at Ward Parkway Center, taking over the space of Hurts Donuts. Peter Piper Pizzeria would close in June 2024, with a Chuck E. Cheese opening at the space in August 2024. Dillard%27s Dillard's, Inc. is an American department store chain with approximately 267 stores in 29 states and headquartered in Little Rock, Arkansas . Currently,

390-919: A former Lord & Taylor store at Oak Court Mall in Memphis, Tennessee and three Belk-Lindsey stores in Florida (Gulf View, DeSoto, and Eastlake). Except for two Belk of Columbia stores that were acquired in 1995, acquisitions were eschewed for a couple of years until early 1997 with the purchase of 15 stores—10 Mervyn's boxes in Florida and five southern Virginia stores from Proffitt's that were acquired from Hess's in 1993. The Mervyn's deal included five purchased from Lord & Taylor in 1991: Cutler Ridge Mall (1982), Coral Square (1984), Miami International Mall , Boynton Beach Mall (both 1985), and Treasure Coast Square (1987). Three additional stores were acquired from Jordan Marsh in 1992: Pompano Fashion Square (1970), Broward Mall (1978), and Melbourne Square (1983), and

455-448: 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

520-610: 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

585-598: Is an easy way to buy all of the brand-specific items at a cheaper, more economical price. The hours may vary a little bit by store or holiday; however, the generic hours of a Clearance Center are Tuesday through Saturday from 12 pm to 7 pm and Sunday from 12 pm to 6 pm. On Mondays, the Clearance Centers are closed for the restocking of the Clearance items. On a week-to-week basis, each Dillard's Clearance Center receives further markdowns by each department; older merchandise

650-455: Is marked down to an amount ending in "99 cents," representing a 65% discount. Federated Department Stores Macy's, Inc. (previously Federated Department Stores, Inc. ) 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

715-635: The American Stock Exchange . The chain then expanded rapidly as an anchor in suburban shopping malls , and took advantage of market conditions to acquire smaller chains and its ability to turn around locations that other companies could not operate profitably. Expansion of the Dillard's chain increased rapidly during the 1970s, mainly through expanding into new malls being built in smaller cities in Texas . In 1971, five Texas units were acquired from Fedway,

SECTION 10

#1733092291448

780-452: 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

845-678: 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 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

910-401: 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

975-570: The 318 stores. Also in 2008, stores opened at both The Shops at Wiregrass and Pier Park in Florida . Dillard's also announced that it had completed a transaction to acquire the remaining fifty percent (50%) interest in CDI Contractors, LLC and CDI Contractors, Inc., which it did not already own. In late 2018, Dillard's announced a location would open in fall 2019 in Sioux Falls, South Dakota , at

1040-632: The 49,000,000 square feet (4,600,000 m ) it used for its business and retail operations. In March 2020, Dillard's attracted note in the press for keeping many of its 290 stores open during the coronavirus pandemic, with Dillard's stating "we are open with limited hours where not ordered to close by state or local government mandate." In April 2020, Dillard's closed around 200 out of its 285 stores in response to COVID-19. Its online store remained open. In May 2020, Dillard's had reopened all but two of its locations in Tampa Bay , according to its website at

1105-469: 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, 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

1170-703: The East Coast region, at 260,000 square feet (24,000 m ), was located in the MacArthur Center in downtown Norfolk, Virginia , closed in 2023. It announced construction of a new "flagship" store in Lubbock, TX on Nov 15th, 2022. This store will be 220,000 sq ft. The home store for the chain is in Little Rock ; the divided store is located in the trend-conscious Park Plaza Mall , one of the city's oldest continuously operating shopping centers in its midtown section. As of April 2020, Dillard's operated 28 clearance stores in

1235-686: 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

1300-557: 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

1365-506: 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

SECTION 20

#1733092291448

1430-476: The United States. Dillard's Clearance Centers occupy 26 mall spaces throughout multiple states for the clearance stock of clothing from prior seasons. They are usually located within lower-income areas as the no longer high priced items are not as covetable for the general clientele Dillard's procures. The 265 regular department stores ship the clearance clothing at already 65% off to these Clearance Centers where

1495-940: The acquisition of Mercantile, Dillard's ceased expanding through acquisitions, although eight locations of the defunct Montgomery Ward in the Midwest, and four locations from ZCMI in Utah and Idaho were acquired in 2001, when stores opened at Chandler Fashion Center in Chandler, Arizona, The Mall at Stonecrest in Lithonia, Georgia , The Mall at Wellington Green in Wellington, Florida , International Plaza and Bay Street in Tampa, Florida , and The Shops at Willow Bend in Plano, Texas . In 2004, Dillard's store credit card operation, operated as Dillard's National Bank,

1560-476: 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

1625-410: The center. The tenants include Smitty's Garage, Torchy's Tacos , Charleston's Restaurant, Hawaiian Bros, and Hurts Donuts. The two middle buildings were expanded into 18,000 square feet with smaller tenants on either side. Buildings on the north and south end of the addition include patios. Chick-fil-A has a pad site outside of Target fronting State Line Road . In June 2023, Peter Piper Pizzeria ,

1690-493: The clothing is then marked down further to liquidate the heaps of clothing and shoes. The Clearance Centers rival that of a Marshalls or TJ Maxx with unknown sizes or quantities of a specific item. However, all the clothing at Dillard's Clearance Centers are direct from the normal Dillard's Department Stores close to and surrounding the one outlet. The goods that are sent to these stores are including, but not limited to: overstocked, offseason, didn't sell well, or damaged. This

1755-566: 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

1820-652: The company purchased many local chains. In 1982, Dillard's leased three units of the defunct Lowenstein's chain in Memphis, Tennessee . In early 1984, Dillard's acquired 12 Stix, Baer & Fuller stores in St. Louis and Kansas City from Associated Dry Goods Corp. In fall 1984, two department store divisions were purchased from Dayton-Hudson Corporation : Diamond's and John A. Brown , with locations in Arizona , Nevada and Oklahoma . Twelve stores in Kansas and Missouri belonging to R. H. Macy & Co. 's Midwest Division, which

1885-422: The company released its second quarter report. It did not release "store comps relative to pandemic-dominated 2020; comparable store retail sales compared to 2019 rose 14%." After an $ 8.6 million net loss in August 2020, the company noted that it instead had made a net income in August 2021 of $ 185.7 million. For 2023 (for the 53 weeks ending 3 February 2024), Dillard's net income was $ 738.8 million. Net sales for

1950-420: 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

2015-720: 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

Ward Parkway Center - Misplaced Pages Continue

2080-622: 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

2145-579: The eastern edge of Little Rock 's Riverdale area and many of its executives and directors are members of the Dillard family. The family retains control of the company through its ownership of Class B Common Stock; the Class A common stock is publicly traded on the New York Stock Exchange . Dillard began his first store in Mineral Springs, Arkansas , in what was locally known as "the tater house". It

2210-504: 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

2275-650: 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

2340-571: 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 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

2405-646: The former Selber Bros. clothing department store chain, founded in 1907 in Shreveport , Louisiana, which also had a few locations in Texas. In 1988, Dillard's purchased the three-unit Miller & Paine chain in Lincoln , Nebraska , as well as more significantly, a half-interest and operational control of The Higbee Co. , based in Cleveland, Ohio , with partner Edward J. DeBartolo Corp. D. H. Holmes Co., Ltd., of New Orleans,

2470-669: The former Mercantile Stores to May Department Stores Co. and Saks Incorporated and traded an additional seven stores to Belk for nine of theirs in southern Virginia and Chattanooga, Tennessee . Overall this deal enabled Dillard's to enhance its position in several markets in the South, Midwest and Mountain states. Also in 1998, the chain entered California , opening its first store in a former Weinstock's at Weberstown Mall in Stockton, California . In 1999, Dillard's opened stores at Mall of Georgia and Arbor Place Mall near Atlanta . After

2535-537: 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

2600-466: 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

2665-757: The largest Dillard's store at 365,000 square feet (33,900 m ) is located at Scottsdale Fashion Square , an enclosed super-regional mall in Scottsdale, Arizona . Within the Dallas/Fort Worth area, the chain has two flagship stores with a 299,000-square-foot (27,800 m ) store at the Northpark Center in Dallas and a 310,000-square-foot (29,000 m ) store at the North East Mall in Hurst . Its flagship store in

Ward Parkway Center - Misplaced Pages Continue

2730-713: The largest number of stores are located in Texas with 57 and Florida with 42. The company also has stores in 27 more states; however, it is absent from the Northeast ( Washington, D.C. , and northward), most of the Upper Midwest (particularly Michigan , Wisconsin , and Minnesota ), and most of the West Coast , aside from three stores in California . Dillard's is the outgrowth of a department store founded in 1938 by William T. Dillard ; its corporate headquarters remain located at

2795-459: The location at The Galleria (1986) was not affected. The deal-making culminated with the purchase of Mercantile Stores Co., Inc., in 1998. The purchase of this Fairfield, Ohio-based department store company brought several chains, including Bacon's , Castner Knott , de Lendrecie's , Gayfers , Glass Block, Hennessy's , J.B. White , Joslins , Lion Store , Maison Blanche , McAlpin's , Root's and The Jones Store . Dillard's sold 26 stores of

2860-490: 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

2925-404: 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

2990-527: 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 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

3055-748: The name "Dillard's Mayer & Schmidt" until 1974, when it was replaced with a mall-based location south of downtown Tyler. In 1960, Dillard acquired and turned around the failing Brown-Dunkin store in Tulsa, Oklahoma . The success of this turnaround was followed in late 1963 by acquiring the Joseph Pfeifer store in Little Rock, Arkansas , and in early 1964 acquiring the other main store in Little Rock, Gus Blass Co. Dillard used this as an opportunity to relocate his headquarters to Little Rock. In 1969, Dillard and his investors took Dillard Department Stores, Inc., public on

3120-571: 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,

3185-417: 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

3250-485: 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 , 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

3315-617: The remaining interest in the Higbee's stores was acquired, as well as five Ohio stores from Horne's (as part of a legal settlement, Dillard's having canceled a 1988 deal to acquire the chain). Also in 1992, three stores from the Hess's chain liquidation (five other former Hess's were acquired in 1994), two E. M. Scarbrough 's locations in Austin, Texas , two Thalhimer's in South Carolina and Tennessee,

SECTION 50

#1733092291448

3380-537: The remaining two at Lakeland Square Mall (1986) and Pembroke Lakes Mall (1992). The Proffitt's conversion gave them two that were also taken over from Rices Nachmans in 1985 at Coliseum Mall (1973) and Pembroke Mall (1981), and three newly built stores Patrick Henry Mall , Greenbrier Mall (both 1987), and Chesapeake Square (1988). Three suburban Macy's stores in Houston at Willowbrook Mall , Deerbrook Mall (both 1984), and Baybrook Mall (1985) were absorbed while

3445-882: The same period were $ 6.75 billion. Operating expenses to 3 February 2024 were $ 1.77 billion. In March of 2024, Dillard’s opened their first location in the upper midwest in Sioux Falls, South Dakota, in the Empire Mall. In 2024, the company introduced "The Coterie Shop" a concept of online and conventional special occasion and casual clothing shops from Abbey Glass, Buru, Crosby by Mollie Burch and Fanm Mon. The Coterie Shop will be featured in Alabama , Arkansas , Arizona , Florida , Georgia , Kentucky , Louisiana , North Carolina , Oklahoma , South Carolina , Tennessee and Texas . The chain continues to expand and has recently added stores in non-traditional mall shopping centers. Currently,

3510-656: The second locations being converted to a separate, expanded home and men's stores, a format that Dillard's utilized greatly, both to grow its store size cost-effectively and to prevent competitors from gaining valuable real estate. Additionally, the Joske's acquisition gave Dillard's entry into the Houston market. That same year, Dillard's co-founded CDI Contractors, a construction company that would help build, remodel, and repair most of its locations, with William "Bill" Clark and Braggs Electric Construction Company. Dillard's in 1988 acquired

3575-546: The site of the former Younkers in Empire Mall . By August 2020, it had not yet opened. In September 2019, Dillard's remained headquartered in Arkansas, with 260 "full-line" stores and 29 clearance centers. It had locations mostly in the South and Southwest of the United States, in 29 states overall. The company was also a significant owner of property in the United States, and it owned 44,300,000 square feet (4,120,000 m ) of

3640-407: 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,

3705-720: 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 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

3770-716: 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

3835-415: The time. That week, management and Dillard's CEO, William Dillard II, informed its annual meeting that the company's first quarter had been the worst in its history, due to the coronavirus, saying Dillard's business had become "total chaos" by the end of April as a result. At the time, Dillard's had 257 department stores, and 28 clearance stores, and had reopened stores in 21 states or more. In August 2021,

3900-679: 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

3965-773: Was later dissolved in 2006, were acquired in early 1986, while the three-unit Hemphill-Wells company in West Texas was purchased in the summer. The stores at Sunset Mall in San Angelo and South Plains Mall in Lubbock were both converted, and the third in downtown Lubbock was closed. In 1987, Dillard's purchased 26 of Joske's 27 stores in Texas and Arizona and the four-unit Cain-Sloan chain in Nashville, Tennessee , from Allied Stores Corp. This deal gave Dillard's two major anchor locations at several malls in Texas and Arizona with many of

SECTION 60

#1733092291448

4030-467: Was located across the street from the community's Methodist church. The building that housed the original store was torn down in the early 2000s. Dillard sold the original five and dime store in Nashville, Arkansas , to develop a department store in Texarkana, Arkansas , initially as the minority partner in Wooten & Dillard. In 1956, Dillard led an investment group that acquired the Mayer & Schmidt store in Tyler, Texas . This store eventually took on

4095-592: Was purchased in 1989, bringing 18 units primarily in Louisiana, as well two former Diamond's units in Tucson, Arizona . The Ivey's chain of 23 stores in Florida, North Carolina and South Carolina was acquired from BATUS in 1990. This was followed by Maison Blanche selling eight stores on Florida's Gulf Coast to them in 1991. The locations were at Tyrone Square Mall (1973), University Square Mall , WestShore Plaza (both 1974), Countryside Mall (1976), Southgate Plaza (1978), Edison Mall , Coastland Center (both 1985), and Lakeland Square Mall (1988). In 1992,

4160-416: 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

4225-565: Was sold to GE Money Bank . Customers can now be issued Dillard's/American Express cards as well as the traditional Dillard's store charge cards. These cards can be used at any store that accepts the American Express brand. In 2005, Dillard's opened stores at Perimeter Mall and Atlantic Station in Atlanta , Georgia as well as St. Johns Town Center in Jacksonville, Florida . In 2008, Dillard's closed their travel agency, Dillard's Travel, alongside all in-store locations due to economic conditions. Dillard's Travel previously operated in 43 of

#447552