Famous departmental store operator (FDS) Federated Department Stores Inc announced it has agreed to terminate its lease on the freestanding Robinsons-May Beverly Hills store in Los Angeles with its current landlord, New Pacific Realty. A going-out-of-business sale is scheduled to begin on Jan. 29, 2006.
The store will close in spring 2006 at a date yet to be determined. Customers in that area will be served by nearby Macy's stores in Century City and Beverly Center.
The Robinsons-May Beverly Hills store, with 240,000 square feet, was opened in 1952. It employs 152 associates. The company expects to offer employment in nearby stores to management personnel in good standing and to the vast majority of associates.
Federated, with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with 2004 sales of more than $15.6 billion.
With the May Company's more than 490 department stores and 720 bridal and formalwear stores in 49 states, the District of Columbia and Puerto Rico, Federated operates nearly 950 department stores and more than 700 bridal and formalwear stores in 49 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's, Bloomingdale's, Famous-Barr, Filene's, Foley's, Hecht's, Kaufmann's, Lord & Taylor, L.S. Ayres, Marshall Field's, Meier & Frank, Robinsons-May, Strawbridge's, The Jones Store, David's Bridal, After Hours Formalwear and Priscilla of Boston. The company also operates macys.com and Bloomingdale's By Mail.
Federated Department Stores Inc
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