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January 13, 2006
Federated To Sell Lord & Taylor
Federated Department Stores is divesting in Lord & Taylor to concentrate on its other upscale chain stores, Macy’s and Bloomingdale’s.
The parent company plans to sell Lord & Taylor by the end of the year.
Federated decided it was easier to unload the chain than to reverse its sales slump. It purchased Lord & Taylor just last year as part of an $11 billion acquisition of May Department Stores.
Posted by Blacks on January 13, 2006 10:17 AM
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