Macy’s TV Ads Raise Fears of Marshall Field’s Name Change
Chicago, Recent television ads promoting Macy’s to Chicago-area viewers have raised fears that the Marshall Field’s nameplate may change to Macy’s.
New Marshall Field’s owner Federated denies that the rumors have any real basis, saying publicly that the ads aren’t necessarily specific to each market and that it will be six to eight months before the future of the Marshall Field’s name is known.
The ads started appearing on the same day that Federated replaced the names of local department store institutions like Burdines, Goldsmith’s, Lazarus and Rich’s with the Macy’s name. Federated earlier had hyphenated the local stores’ names with Macy’s.
May Names John Dunham Chairman and CEO
St. Louis, May Department Stores has tapped John Dunham as its permanent chairman and CEO, prior to the retailer’s $11 billion acquisition by rival Federated Department Stores Inc. Dunham already had been May’s president, and had assumed the duties of acting chairman and CEO upon the Jan. 14 resignation of Gene Kahn. The executive appointment was revealed in a filing this week with the Securities and Exchange Commission.
Hastings Delays Report
Amarillo, Texas, Hastings Entertainment Inc. on Friday delayed the release of its fourth-quarter and full-year earnings by three days so the company can make changes to the way it accounts for store leases. It will release its earnings on Thursday. Hastings operates 150 stores in the West and Midwest.