LYCOS RETRIEVER 
May Department Stores: Lord Taylor
built 622 days ago
Sold At: May Department Stores Co. department stores, including Lord & Taylor (which sold the "Angel Fish" brand exclusively), Filene's/Kaufmann's, Robinsons-May/Meier & Frank, Hecht's/Strawbridge's, Foley's, Famous-Barr/L.S. Ayres/The Jones Store, from July 2003 through October 2003 for about $13.
Source:
Federated, which owns Macy's and Bloomingdale's, and May, which owns Filene's and Lord & Taylor, operate 70 department stores in New England. The chains' brands go head to head at eight Massachusetts locations, including Boston's Downtown Crossing.
Source:
Lord & Taylor is one of New York City's oldest department stores, founded in 1826. One of the first to sense the uptown migration, it moved to its present location at the corner of 38th Street and Fifth Avenue in 1914, according to a May spokeswoman. When May bought the Associated Drygoods Corporation in 1986, Lord & Taylor was part of the deal.
Source:
Federated said it hoped to close a deal on Lord & Taylor, which it acquired last year after it bought May Department Stores Co., by the end of the year. Lord & Taylor garnered nearly $1.57 billion in sales in 2004 and operates 55 stores, mostly in the Northeast with a few in the Midwest. It has nine stores in the Washington area -- one in the District, four in Maryland and four in Virginia.
Source:
John Wanamaker Co., Philadelphia, Pennsylvania was a legendary department store founded in 1861. It was purchased by Carter Hawley Hale Stores in 1978, which then sold it in 1986 to Taubman Investment Co.'s Woodward & Lothrop, Inc. unit. In 1995 May acquired the John Wanamaker stores from Woodward & Lothrop's bankruptcy estate, and renamed them Hecht's. In 1996 when May acquired the Strawbridge & Clothier stores, it consolidated its Philadelphia area stores under the Strawbridge's name, operated as part of the Hecht's division. The former John Wanamaker flagship in Center City Philadelphia was temporarily closed with the upper floors converting to unaffiliated office space and a flagship branch of Lord & Taylor re-opening in the lower floors, centered on the Center Court.
Source:
Federated said it has buyers interested in the Lord & Taylor department-store chain and May's bridal group of stores, both of which it is selling. It declined to reveal the potential buyers' names, but said the sales should be completed this year.
Source:
MORE ABOUT
Lord Taylor