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Carson's For Sale? Field's Becoming Macy's?

By Rachelle Bowden in News on Mar 31, 2005 4:38PM

Continuing the recent trend of selling off our middle-tier department stores located on State Street, Saks Inc. is reportedly trying to dump it's chain of Carson Pirie Scott stores. Analysts are saying that Saks would rather concentrate on its higher-end Saks Fifth Avenue stores.

It's rumored that Belk, Inc. is likely to bid on some, if not all, of Saks' stores. Others who might bid are Sears Holdings, Dillard's and Bon Ton.

Saks is trying to jump start their Saks Fifth Avenue stores to better compete with Macy's and Bloomingdales, which, as you might recall, are owned by Federated Department Stores. .. the company that recently took over May Department Stores, including our own beloved Marshall Field's.

Speaking of Marshall Field's, there's still no official word on whether they'll be changing their name to Macy's but it's not looking good. Have you noticed that May's has been running Macy's commercials on TV in our market lately? And hello, there are no Macy's stores in the area.... yet.....