Watching the department store biz has a certain similarity to being a baseball fan in the free-agent era -- you show up on Opening Day and wonder who these guys are wearing the home jersey.
The same with department stores -- they used to be independents, then they became parts of groups, then the groups consolidated, and now they keep shuffling the stores around among each other.
The latest, according to The Chicago Tribune, is that Saks (which used to be called Proffitts), having sold its northern stores group to Bon-Ton, and most of its southern stores to Belks, and having offered to sell its remaining southern stores (Parisian) to whomever, is now thinking about buying Lord & Taylor, which used to belong to May before May was bought by Federated.
But stay tuned -- I'm sure the story will change next week.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment