Seventy-nine years ago on the morning
of March 6, 1929, millions of Americans opened their edition of The New
York Times to find a headline that would send the business and retail world
into a spin of excited chatter and speculation - "Abraham & Straus
and Filene's to Unite." The announcement marked the beginning of the
evolution of what was to become one of the largest and most influential
corporations in retail history.
Department Stores, Inc. (renamed Macy's, Inc. in June 2007) was
born through the combination of Abraham & Straus of Brooklyn, Filene's
of Boston, F&R Lazarus & Co. of Columbus, OH, and Bloomingdale's
of New York. Each of these retailers was an established, prominent presence
with a rich history of its own. In joining together, they agreed to maintain
their separate identities while linking their financial interests. These
pioneers recognized the immense opportunity that lay before them and on
November 25, 1929, Federated Department Stores was incorporated as a revolutionary
new company in American retail.
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