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Federated Dept Stores


Federated Dept Stores is a fortune 500 stock listed company trading under FD. Federated was founded in 1929 by several family-owned department stores including Abraham & Straus and F&R Lazarus & Co. of Columbus, Ohio and Bloomingdale's of New York. Corporate offices established in Columbus, OH. It operated 56 Lord  & Taylor and 735 bridal and formalwear stores in 47 states.Mr. Terry J. Lundgren, Federated's president assumed the role of chief executive officer.
 
Federated made the landmark decision in 2004 to convert all regional store nameplates to the Macy's brand. As of March 6, 2005, all of their stores, catalogs and e-commerce sites operate as either Bloomingdale's or Macy's. This allows them to focus on the two strongest brands in American department store retailing. Federated's private brands  such as I.N.C, Charter Club, Club Room, Alfani, Style And Co. Hotel Collection and Tools of the Trade represented about 17.4 percent of total sales toward their ultimate goal of 20 percent.
 
It is recognized as a retail industry leader in developing private brand merchandise that differentiates the assortments in their stores and delivers exceptional value to the customer. Elements of the reinvent concept will continue to be rolled out to stores nationwide in 2005 and beyond. These elements include improved visual presentations and signage, upscale shopping buggies, price-checking scanners, enhanced fitting rooms and customer lounges.
 
Federated Logistics performs a wide range of logistics and distribution functions for all Macy's and Bloomingdale's retail divisions. It is specializing in provides a wide range of services to the total corporation, including divisions and support operations nationwide also operations include tax, audit, accounting, cash management and finance, planning, insurance, statistical analysis and forecasting, law, communications and real estate.
 
Federated believes that ethical accounting and business practices are essential to the ability of any company to earn and retain investor confidence. The company's trading symbol is FD. Federated Dept Stores philosophy is intended to help ensure that appreciation for the unique characteristics and strengths of every person is pervasive at all levels of the company.
 
 
 
 
 
 
 

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