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ID: 25921
Title: Federated plans to change name to Macy's (AP)
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A Macy's department store is seen Tuesday, Feb. 27, 2007 in Columbus, Ohio. Federated Department Stores Inc., parent of Macy's and Bloomingdale's, on Tuesday said stronger sales at established stores and lower costs drove fourth-quarter earnings 5 percent higher. The retailer also announced plans to change its name. Federated, which is building a national department store brand under Macy's, said it will ask shareholders to approve changing its name to Macy's Group Inc. (AP Photo/Kiichiro Sato)AP - Federated Department Stores Inc. reported strong fourth-quarter profits Tuesday and said it will change its name to Macy's Group Inc. But the department store operator — still struggling to integrate former May Department Stores Co. stores — offered a profit forecast well below Wall Street expectations.


Category: Business/Company Earnings/
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Date Added: February 28, 2007 12:48:56 AM
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