Federated announces Macy's homestore consolidation plan
Media Mix(2004-02-09)
ATLANTA, GA(wxel) -
Federated Department Stores announced plans to consolidate its Macy's home store operations, including the home departments at Lazarus-Macy's stores, eliminating an undetermined number of jobs nationwide. The home store operations are to be reorganized under a NY-based umbrella group that would be headed by Eric Salus, who currently heads Federated's Bon-Macy's division in Seattle. The move will affect the home departments in more than 425 stores nationwide that carry the Macy's name. In addition to all Lazarus-Macy's, the stores affected include Macy's department stores, Rich's-Macy's, Goldsmith's-Macy's, Bon-Macy's and Burdines-Macy's stores. Bloomingdale's will not be affected.
