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1980 - 1989
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1980 |
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| To help meet the civic, health and welfare, educational and cultural needs of the
communities Federated serves, the company invests $15 million to establish a foundation. |
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1982 |
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| The merger of Rike's of Dayton and Shillito's of Cincinnati results in Shillito-Rikes. |
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1985 |
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The newly formed Federated Systems Group (then
known as The SABRE Group) begins the conversion
of all Federated divisions to a common electronic
data processing system. (The group is now known as
Macy's Systems and Technology.)
Davison's of Atlanta changes its name to Macy's. |
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1986 |
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| A single, billion-dollar organization is formed with the merger of Federated's Shillito-Rikes of Cincinnati, and Columbus-based Lazarus. With headquarters in Cincinnati, the division operates under the Lazarus name.
Campeau Corporation acquires Allied Stores Corporation, which is reorganized under the merger agreement.
In what was then retail's largest acquisition, May Company acquired Associated Dry Goods and added Lord & Taylor, J.W. Robinson's and L.S. Ayres, among others, to its collection of regional department stores.
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1987 |
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| Federated buys Allied's Indianapolis-based Block's division, incorporating it into Lazarus. |
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1988 |
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| Campeau Corporation acquires Federated. Several Federated divisions, including Foley's and Filene's are sold to other retailers. Macy's purchases Bullock's and I. Magnin from Campeau. To
consolidate with Federated, Allied's New York headquarters move to Cincinnati. Allied - operating in tandem with Federated - comprises The Bon Marché, Jordan Marsh, Maas Brothers and Stern's. Goldsmith's merges into Rich's, although the Goldsmith's nameplate is maintained in the Memphis market. |
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1989 |
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Federated forms its Financial,
Administrative and Credit
Services operation (The FACS
Group) in suburban Cincinnati
to centralize credit services for
all department store divisions.
(The group is now known as
Macy's Credit and Customer
Services.)
Federated's employee
volunteer program, Partners
in Time, is founded at Rich's/
Goldsmith's as a way to give
back to the community. |
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