Department Store Merger Could Be In The Works

Two of the country’s top department store companies are reportedly talking about merger. May Department Stores of St. Louis and Federated Department stores, based in Cincinnati, are reported by the Wall Street Journal to be in preliminary talks. Federated owns Macy’s and Bloomingdale’s. May has Famous-Barr and Lord and Taylor. Combined, the two companies had almsot $30-million in sales last year.