Federated Adds Liberty House for $200M

Share this content:
Federated Department Stores Inc. has completed its acquisition of Liberty House for $200 million, Federated said yesterday. The purchase price includes the assumption of debt.


Liberty House's 11 department stores and seven specialty stores in Hawaii, and one department store on Guam, are now part of Federated's San Francisco-based Macy's West division.


With the new stores, Macy's West now operates 136 department and specialty stores. Sales for Macy's West were $4.26 billion last year.


Federated, Cincinnati, is one of the nation's leading department store retailers, with annual sales of more than $18.4 billion. Federated operates more than 450 stores in 34 states, Puerto Rico and Guam under the names of Macy's, Bloomingdale's, The Bon Marche, Burdines, Goldsmith's, Lazarus and Rich's, as well as macys.com, bloomingdales.com and Bloomingdale's By Mail. Federated also operates the Fingerhut catalog and e-commerce subsidiary.


Loading links....
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here