LYCOS RETRIEVER 
May Department Stores: United States
built 606 days ago
Although many retailers started pulling out of Burma in recognition of the widespread human rights violations by the country's ruling military junta, May's Department Stores waited until the very late date of March 2003. In July 2003, the US Congress made it illegal to import garments from Burma into the United States.
Source:
Approximately 10,400 department stores operated throughout the United States and employed more than 2.5 million people in the early 2000s. Many of the industry's employees were under the age of 25 and worked part-time, evenings, and weekends. More than 47 percent of the people employed by department stores were cashiers and retail sales associates—the people who "worked the floor" selling merchandise. Administrative support personnel were the next largest group with 23 percent of total employment. These employees provided general office skills and bookkeeping tasks, in addition to working as customer service representatives. No formal training was required for most sales and administrative support positions, although a high school education was preferred.
Source:
Federated, based in Cincinnati, announced Thursday it will close 68 regional department stores in 66 malls where its anchor stores overlap those owned by May. Federated owns 27 of the stores in 14 states, and May owns 41 in 12 states. Most of the closings will occur in California, Pennsylvania and the Northeast. The closed stores accounted for $2 billion in sales last year.
Source:
The former rival department stores have been in negotiations since Federated agreed to buy May Co. in February. With the deal, Federated picks up 501 department stores in 15 states under such banners as Famous-Barr, Filene's, Foley's, Hecht's, Kaufmann's, L.S. Ayres, Meier & Frank and Robinsons-May.
Source:
Department stores, along with other retailers, were quick to embrace advanced computer technology. The ability to centralize operations, have a complete and upto-date status of inventory, and get an exact reading of items purchased are but a few pieces of information that can be generated by computerized point-of-sale systems. Retailers were ... able to reduce paperwork and lead time in updating stock.
Source:
MORE ABOUT
United States