Retail Consolidation Could Continue With Federated, May

Share this content:
Federated Department Stores Inc. is in early discussions to buy rival May Department Stores Co., according to a report in The Wall Street Journal yesterday that cited people familiar with the matter.

Federated and May held merger talks once before in 2002. Those discussions fell apart partly because of management issues. What's different this time is that May chairman/CEO Gene Kahn abruptly resigned Jan. 14, leaving open the possibility that Federated CEO Terry Lundgren could lead a combined entity.

St. Louis-based May operates 501 department stores under names such as Lord & Taylor and Marshall Field's. It has a market value of about $9.2 million. Federated, Cincinnati, runs 459 stores, including Macy's and Bloomingdale's, and has a market value of $9.7 billion.

The value of a possible deal is unclear, according to the Journal.

Chantal Todé covers catalog and retail news and BTB marketing for DM News and DM To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting


Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa 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 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 »

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

Relive the 2017 Marketing Hall of Femme

Click the image above