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Who owns the Bloomingdales chain
Bloomingdale's (or Bloomie's) is a chain of upscale American department stores owned by Macy's, Inc. (formerly Federated Department Stores), which is also the parent company of Macy's. Bloomingdale's, America's only nationwide, fullline, upscale department store, is recognized for its originality, innovation and fashion leadership. Customers are attracted by the latest styles from the hottest brands, such as Armani, Burberry, Chanel, Jimmy Choo, Louis Vuitton, Salvatore Ferragamo, Ralph Lauren Black Label, Carmen Marc Valvo, Theory, and Tory Burch. Bloomingdale's shoppers come to expect and savor variety the newest looks from established brands, as well as unique product from rising young designers. Supporting these fashion brands are exceptional customer amenities international visitors centers, personal shoppers, outstanding fitting rooms and lounges elegant events and personalized, attentive service that strengthen customer relationships and build loyalty.
Bloomingdale's will take to the world stage as it opens the company's first international location in Spring 2010 with apparel and home stores in Dubai Mall in the United Arab Emirates.
It competes at prices slightly below that of Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, and Barneys New York.
FederatedMay set $11B deal
Cashandstock merger would combine two of the most historic names in department store retailing.
The deal, approved by the boards of both companies, would combine two of the most storied names in department store retailing. Federated, based in Cincinnati, owns Bloomingdales,[url=http://nikefreetilbud.hcslnet.com]nike free[/url], Macy's and other chains. May, based in St. Louis, owns Lord Taylor's and Marshall Field's, among other stores.
Although rumors about their impending merger had been swirling around for a while, talks accelerated last month after May chief executive Gene Kahn abruptly resigned.
Industry observers said the deal makes sense given that department stores have struggled to expand sales in a retail world dominated by discount chains, especially WalMart and Target, and mallbased specialty stores. Last November, Kmart agreed to buy Sears, Roebuck Co. in a deal also valued at about $11 billion.
Federated and May together would have about 1,000 stores and annual sales of about $30 billion, making it the thirdbiggest general merchandise retailer in the country, behind WalMart and Sears, in terms of total sales