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February 27, 2007
Federated Changes Name To Macy's
Federated Department Stores is changing its name to Macy’s Group Inc. in an effort to heighten the profile of its Macy’s brand. The group, which also owns the Bloomingdale’s chain, acquired May Department Stores in August of 2005 and has been converting them to Macy’ stores nationwide.
The name change announcement came as Federated reported a 4.9% profit increase for its fourth quarter. The new name is subject to shareholder approval.
Posted by Blacks on February 27, 2007 09:43 AM
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