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1951 |
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| Allied acquires New Jersey's Stern Brothers, later known as Stern's. |
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1956 |
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| Miami-based Burdines becomes a division of Federated. May Company begins operating May D&F in Denver. |
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1957 |
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| Seventeen-year-old designer-to-be Ralph Lauren sells sweaters at Bloomingdale's over Christmas week. The following year, he joins Allied Stores as assistant menswear buyer. |
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1959 |
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| Federated acquires Dayton, Ohio-based Rike's and Memphis-based Goldsmith's. May Company acquires Hecht's in Washington, D.C., and
Baltimore. |
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1962 |
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| Allied acquires the William H. Block Company of Indianapolis. |
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1964 |
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| Federated breaks the 10-figure barrier for the first time, netting annual sales of $1.215 billion. Federated acquires Los Angeles' Bullock's and I. Magnin. |
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1966 |
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| May Company acquires Meier & Frank in Portland, OR. |
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1967 |
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| Allied also passes the billion dollar mark, with annual sales of $1.024 billion. |
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1968 |
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| Black Retail Action Group (BRAG), founded in part by Abraham & Straus executives, gives technical assistance to minority-owned businesses and scholarships to retailing students. This furthers A&S' commitment to African-Americans; the company was the country's first major retailer to sign up for Plans for Progress, President Kennedy's commission on job opportunities for African-Americans. |
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1976 |
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| Through an exchange of common stock, Federated acquires Atlanta-based Rich's. |
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