Federated to convert Foley's stores
The Houston Business Journal reports that, as expected, Federated Department Stores will be closing duplicate stores as part of its acquisition of May Department Stores:
Federated will close its Macy's store in the Galleria and convert the Foley's store operated by May in the same location into a Macy's. The Galleria Macy's store, which opened in 1986 and spans 256,000 square feet, has 322 employees.
The 68 duplicate locations that will be shuttered accounted for about $2 billion in sales last year. Included are 41 current May stores operating in 12 states under various brands, as well as 27 Federated stores operating in 14 states as Macy's.
The 16 Houston-area Foley's department stores to be converted to Macy's stores are at Almeda Mall, Baybrook Mall, Deerbrook Mall, Downtown (Houston) at 1100 Main St., First Colony Town Square, Galleria, Greenspoint Mall, Mall of the Mainland, Memorial City Mall, Northwest Mall, Pasadena Town Square, San Jacinto Mall, Sharpstown Mall, The Woodlands Mall, West Oaks Mall and Willowbrook Mall.
Foley's also operates a warehouse store at 4500 Gulf Freeway.
The Foley's stores conversions are part of a renaming process for 330 stores operated nationwide by May.
Posted by Kevin Whited @ 07/28/05 01:14 PM | Print |
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