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Topic: May Department Stores

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	The Asia Foundation
		This is May’s first international grant, and we are delighted to be working with The Asia Foundation in providing opportunities for education that these women would otherwise not have,” said John F. Danahy, chairman of May Merchandising Company and May Department Stores International, the overseas sourcing organization for May.
		The May Department Stores Company is one of the leading department store retailers in the United States with revenues of more than $14 billion in 2004.
		May operates 500 department stores under the trade names Famous-Barr, Filene’s, Foley’s, Hecht’s, Kaufmann’s, L.S. Ayres, Marshall Field’s, Meier and Frank, Robinsons-May, Strawbridge’s, and The Jones Store.
	www.asiafoundation.org /Locations/china_may.html (0 words)

	May Department Stores at AllExperts
		Morton May was extremely active in St. Louis civic affairs and was an important patron of the St.
		In 2005 May Department Stores was acquired by Federated Department Stores for $11 billion in stock.
		Eventually acquired by Federated Department Stores, it was merged with Sanger-Harris Co. of Dallas in 1985, which itself was merged into Foley's in 1987.
	en.allexperts.com /e/m/ma/may_department_stores.htm (3195 words)

	Victoria's Secret Stores v. The May Department Stores
		May's evidence with respect to the amount of cross-shopping did not establish the percentage of customers who actually made purchases of intimate apparel at both stores and was apparently found unpersuasive by the trial court.
		May also draws our attention to impeachment evidence it offered to establish that, while not necessarily mentioning May or its divisions specifically, VSS has in various court proceedings, internal documents, and public filings identified department stores as competitors for the sale of intimate apparel.
		Although May points to evidence presented at trial in support of its contentions, the trial court may have disregarded all of the evidence favorable to May. The trial court is free to believe none, part or all of the testimony of witnesses.
	www.lawmemo.com /docs/mo/ed83916.htm (2781 words)

	May Department Stores acquiring Marshall Field's for $3.24 billion \| The San Diego Union-Tribune
		MINNEAPOLIS – May Department Stores Co. announced yesterday that it will buy the Marshall Field's department store chain and nine Mervyn's stores from Target Corp. as part of a deal worth $3.24 billion.
		May bid $800 million for Marshall Field's in 1990, $200 million less than the winning bid from then-Dayton Hudson Corp., which operated Dayton's and Hudson's stores.
		Target stores began as an outlet in a Minneapolis suburb for Dayton's department stores in 1962.
	www.signonsandiego.com /uniontrib/20040610/news_1b10may.html (0 words)

	The May Department Stores Company - Agree
		Proposed respondent The May Department Stores Company is a New York corporation with its principal office or place of business at 611 Olive Street, St. Louis, Missouri 63101.
		The Commission thereafter may either withdraw its acceptance of this agreement and so notify proposed respondent, in which event it will take such action as it may consider appropriate, or issue and serve its complaint (in such form as the circumstances may require) and decision in disposition of the proceeding.
		It understands that it may be liable for civil penalties in the amount provided by law and other appropriate relief for each violation of the order after it becomes final.
	www.ftc.gov /os/1998/11/9723189.agr.htm (1054 words)

	Washington Post 200: May Department Stores Co.
		Description: May is one of the nation's largest department-store chains, with 492 department stores in 46 states, Puerto Rico and the District under the names of Hecht's, Lord & Taylor, Marshall Field's, Famous-Barr, Filene's, Foley's, Kaufmann's, L.S. Ayres, Meier & Frank, Robinsons-May, Strawbridge's and the Jones Stores.
		The deal, which would combine the nation's two biggest department store chains into a retailing colossus, must still be approved by shareholders and regulators.
		May has encountered many of the same problems as other department-store chains: It is caught between mass merchants such as Target and specialty stores such as Victoria's Secret.
	www.washingtonpost.com /wp-srv/business/post200/2005/MAY.html (0 words)

	1948 May Department Stores
		May acquired the A. Hamburger and Sons department store in California and renamed it May Company.
		May purchased 13 Zions Co-operative Mercantile Institution (ZCMI) stores in Utah and Idaho.
		The stores were operated by Meier and Frank, and the ZCMI name was changed to Meier and Frank in 2001.
	www.thesharegallery.co.uk /1948_may_dept_stores.htm (0 words)

	Federated Agrees to Buy Owner Of Hecht's (washingtonpost.com)
		Federated has long sought to create a national department store chain under the Macy's nameplate, and analysts predict the Hecht's banner eventually could be dropped.
		The combination of May, with 501 stores, and Federated, with 459, joins the nation's two biggest department store chains into a retailing colossus.
		The combined company may have to close stores in certain markets such as the mid-Atlantic and California, but regulators are not expected to block the deal, according to analysts.
	www.washingtonpost.com /wp-dyn/articles/A58026-2005Feb27.html (0 words)

	Federated Department Stores at AllExperts
		Federated Department Stores, Inc. is a department store chain founded in 1929 as a holding company in Columbus, Ohio, specializing mostly in retailing clothing, jewelry, dinnerware and watches.
		Federated Department Stores was founded in 1929 in Columbus, Ohio as a department store holding company for Abraham & Straus, F&R Lazarus & Company and William Filene's Sons.
		The department store chain Stern's, a division of Federated, ceased operations in 2001, and most of its stores became Macy's stores.
	en.allexperts.com /e/f/fe/federated_department_stores.htm (841 words)

	May Department Stores Profit Tumbles - New York Times (Site not responding. Last check: )
		May Department Stores, which is being acquired by Federated Department Stores, said yesterday that its second-quarter profit tumbled 49 percent, hurt by acquisition costs and markdowns of slow-selling apparel.
		May, which is based in St. Louis, recorded $63 million in expenses from the Federated acquisition, including costs for stock compensation.
		May is struggling to improve same-store sales after older customers spurned the fashions it brought in to lure younger buyers.
	www.nytimes.com /2005/08/10/business/10shop.html?ex=1281326400&en=fa8e1452f4fcb5a5&ei=5088&partner=rssnyt&emc=rss (351 words)

	Industry Snapshot, 08/01/97: Department Stores -- The May Department Stores Company
		The May Department Stores Co. (NYSE: MAY) operates 366 department stores in 30 states and the District of Columbia.
		May intends to open 125 new stores over the course of the next five years, this in conjunction with strong internal growth should allow May to maintain its consistent double-digit top line growth.
		For the quarter ending May 3, 1997, fully diluted earnings per share from continuing operations were $0.38, a 5.6% increase over $0.36 in 1996.
	www.fool.com /Decathlon/1997/Decathlon970801d.htm (253 words)

	COMPANY NEWS; MAY DEPARTMENT STORES LAYS OFF 1,500 WORKERS - New York Times
		The May Department Stores Company laid off about 1,500 workers in sales management and support positions, about 1.3 percent of its overall work force, the company said yesterday.
		The company, which is based in St. Louis, said last month that its first-quarter earnings rose $2 million, but that sales declined 7.2 percent.
		The company runs 447 department stores, including Lord & Taylor, Filene's and Famous-Barr.
	query.nytimes.com /gst/fullpage.html?res=9507EEDC113BF935A15755C0A9659C8B63 (115 words)

	Chairman of May Department Stores to step down - Mar. 1, 2001
		May has suffered along with most retailers in recent quarters as a slowing economy and high energy prices helped erode consumer confidence, prompting cutbacks in spending.
		Department stores have been particularly hard hit as successful discount chains and specialty retailers such as Kohl's Corp. (KSS: Research, Estimates) and Target Corp. (TGT: Research, Estimates) have siphoned business and performed well even in difficult times.
		May Department Stores (MAY: Research, Estimates) stock lost 78 cents to $38.81 in late morning trading.
	money.cnn.com /2001/03/01/companies/may/index.htm (472 words)

	May Dept. Store Numbers Match Forecasts (May Department Stores Co. (MAY)) \| SmartMoney.com
		NEW YORK -(Dow Jones)- May Department Stores Co. on Monday reported a 6.2% rise in its third-quarter net income, which matched Wall Street's expectations for the huge department store operator.
		May Department Stores (MAY) said it had net income of $138 million, or 38 cents a share on a fully diluted basis.
		May Department Stores currently operates 405 department stores in 33 states and the District of Columbia.
	www.smartmoney.com /bn/index.cfm?story=19991108011945 (0 words)

	MAY DEPARTMENT STORES CO (THE): International Competitive Benchmarks and Financial
		Excerpt: Though we heavily rely on historical performance, the figures reported are not historical but are forecasts and projections for the coming fiscal year based on various data which may not reflect the current or future situation of the firm.
		These statements themselves may be only roughly accurate or indicative of current or future ratios, and subject to future change.
		While these figures can substantially change from one quarter or year to the next, we are interested in looking at the structural difference between these ratios and those of companies competing in the same or similar sector of the global economy; we call this difference, as is common in business school texts, a "gap".
	www.mindbranch.com /MAY-DEPARTMENT-STORES-R307-20514 (1003 words)

	May stores chief quits - The Boston Globe
		May Department Stores Co. yesterday said Gene Kahn, its chairman and chief executive, has resigned, a step analysts say would help bring in new blood to revive the retailer's sales.
		NEW YORK -- May Department Stores Co. yesterday said Gene Kahn, its chairman and chief executive, has resigned, a step analysts say would help bring in new blood to revive the retailer's sales.
		May faces escalating competition from top rival Federated Department Stores Inc. and other chains, including discount retailers such as Wal-Mart Stores Inc.
	www.boston.com /business/articles/2005/01/15/may_stores_chief_quits (171 words)

	Department stores struggling to fit into region's retail landscape (Site not responding. Last check: )
		The trauma of the struggling department store industry has taken center stage in Pittsburgh, but the region has also been fertile ground central to the rise of aggressive upstarts.
		Together, those stores often combine to take enough space to act as a mall anchor of their own, though customers passing competing windows filled with lingerie, men's shirts and bubble bath might never know.
		Higher-end department stores such as Nordstrom and Neiman Marcus might be willing to at least take a look at the Pittsburgh region.
	www.post-gazette.com /pg/05065/466516.stm (1187 words)

	TheStreet.com: May Department Stores Matches Fourth-Quarter Estimates
		For the fourth quarter ended Dec. 31, May earned $518 million, or $1.59 a share, up from $513 million, or $1.45 a share, in the same period a year ago.
		May reported fourth-quarter revenue of $4.95 billion, up from $4.69 billion in the same quarter one year ago.
		May operates department stores including Lord & Taylor, Hecht's and Filene's.
	www.thestreet.com /markets/earnings/1308097.html (0 words)

	[No title]
		The merger is the latest consolidation to occur in the department store industry, particularly the mid-tier sector, which has been under pressure from all types of retailing and have
		Saks Inc. may sell or spin off its middle-market department store division to concentrate on its Saks Fifth Avenue unit, which targets the luxury market, one of the hottest areas in retailing.
		May shares fell 77 cents, or 2.2 percent, to $34.58 in afternoon trading on the New York Stock Exchange.
	www.firstcoastnews.com /money/news-article.aspx?storyid=33213 (0 words)

	Support Duro Workers & Boycott May Department Stores
		You are aware that May does not source private-label product from manufacturers in Burma; but that their Vendor Responsibility Program makes little difference as long as the company continues to retail products from companies who are not concerned about the conditions under which the products are produced.
		May Department Stores policy does not address the manufacture of products in countries with the worst labor standards of all: those where there is no rule of law, like Burma.
		May perpetuates slavery in Burma by helping to create a demand for products made there, and May has the moral duty to stop.
	clrlabor.org /alerts/2003/Mar14-DurBurma.htm (1067 words)

	The May Department Stores Company Reports Results for the Second Quarter and First Six Months of Fiscal 2005
		During the 2005 second quarter, May recorded $63 million, or 13 cents per share, of expenses related to the proposed merger with Federated Department Stores, Inc., including $57 million, or 12 cents per share, of accelerated stock compensation charges triggered by shareowner approval of the merger.
		During the second quarter, May completed the repayment of all short-term borrowings incurred to fund the acquisition of Marshall Field's in July 2004 and has $323 million of cash and cash equivalents as of July 30, 2005.
		Store- for-store sales compare sales of stores open during both periods beginning the first day a new store has prior year sales and exclude sales of stores closed during both periods.
	www.lexdon.com /article/The_May_Department_Stores_Company/884.html (2053 words)

	Manning Fulton - In re Appeal of May Department Stores Co.
		It was error for the Property Tax Commission to use the cost approach in valuing petitioner`s department store property, and the case is remanded for a new hearing so the Commission can redetermine the value of the subject property with emphasis on the income approach to valuation.
		The May Department Stores Company (Taxpayer) appeals from a decision of the North Carolina Property Tax Commission concerning the ad valorem tax value that Forsyth County (County) placed upon the Hecht`s Department Store (Hecht`s) located at Hane`s Mall, a super regional mall, in Winston-Salem, North Carolina, for the year 1991.
		Hecht`s is located on approximately 9.667 acres of land and consists of a three-story department store having approximately 152,000 square feet of gross building area plus paving, lighting, and other usual accessories normally associated with a department store located in a mall location.
	www.manningfulton.com /In-re-Appeal-of-May-Department-Stores-Co.aspx (827 words)

	[No title]
		May Department Stores Co. has quadrupled its electronics offerings this season from a year ago at its Marshall Field's, Hecht's and Robinson-May stores.
		May isn't the first department store chain to try to loosen up a bit.
		No store name changes are planned before 2006, they said.
	www.lycos.com /info/may-department-stores--macy.html (312 words)

	The May Department Stores Company - Cmp
		Respondent The May Department Stores Company is a New York corporation with its principal office or place of business at 611 Olive Street, St. Louis, Missouri 63101.
		Under the United States Bankruptcy Code (11 U.S.C. §§ 1-1330), a debtor may be granted a discharge in a Chapter 7 bankruptcy proceeding from debts that have arisen prior to the filing of the bankruptcy petition (hereinafter referred to as "pre-petition debts"), meaning that the debtor is no longer individually liable for these debts.
		In other words, a debtor may reaffirm his or her pre-petition debts, as long as certain requirements are met.
	www.ftc.gov /os/1998/11/9723189.cmp.htm (0 words)

	The deal: May Department Stores Co. acquires Desmonds Formalwear and Modern Tuxedo, bids for Gingiss Group assets - St. ...
		May Department Stores Co. bolstered its bridal group this year with three acquisitions and could further add to the group if the company's bid for some assets of bankrupt Gingiss Group Inc. is successful.
		This is an attempt to address that deficiency." The acquisition of stores for the bridal group also allows May to grow store square footage for the company as a whole, when the core department store business is struggling, he said.
		May's bid is the only one received so far for assets of the Gingiss Group, said Michael Corrao, chief executive of Gingiss International, a subsidiary of Gingiss Group, which filed for Chapter 11 bankruptcy in the District of Delaware Court in November.
	www.bizjournals.com /stlouis/stories/2003/12/15/focus13.html (1059 words)

	USATODAY.com - Changes in store for department stores? (Site not responding. Last check: )
		Annual department store sales have declined for the past four years — to a low of $213.9 billion in 2004 from a high of $233.6 billion in 2000, the U.S. Census Bureau reports — even as retail sales overall grew each year.
		Same-store sales at department stores — a key retail measure that counts only sales at stores that were operating at least a year ago and are still open — eked out a 1.6% gain in 2004, but that followed three years of same-store sales declines, Redbook Research reports
		She's especially put off by the poor service in so many department stores — where, she says, service is supposed to be what you pay a premium for.
	www.usatoday.com /money/industries/retail/2005-01-20-federated-may_x.htm?csp=22_thd (1369 words)

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