2/28/2005
Marshall Field’s: Kiss of Death
Granted that I have no idea what the details of deal at all, but I do know that May purchased Marshall Field’s relatively recently - within the past year -and now Federated is buying them out, and apparently plunking the Macy’s name on most of May’s regional stores.
I have to wonder what that means for one of the last bastions of the Chicago retail machine. Montgomery Ward has been gone for ages, Sears has been limping along for many years now, and Marshall Field’s has been shuttled from retail conglomerate to retail conglomerate. Now, from the sounds of it, even the name may disappear.
I doubt this will entirely be the case; the huge State Street store will likely remain a Marshall Field’s, it’s a landmark in Chicago - but what of the stores dotting the Midwest landscape? Some of them, particularly in Minnesota, used to be Dayton’s stores, switched over when the Dayton-Hudson Corporation bought Field’s in the late 1990s. Some of them, especially in Chicagoland, have always been Marshall Field’s. It’ll seem strange for them suddenly to become Macy’s.
But I’m sure we’ll all become used to it in time. In this economy, even venerated institutions don’t last for always.
Filed under: Miscellany
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