![]() "Macy's is the powerhouse department store brand here," in no small part because competitors such as I. Macy's West has 146 stores and more than $4.2 billion a year in sales. All told, Macy's West has more than 9,000 Bay Area employees, nearly one-third of the division's total work force of 30,000 people. The Macy's West headquarters at Union Square, which employs about 1,000 people in management and administrative positions, "should not be affected, or if anything, it will get bigger" after the May acquisition, Federated spokeswoman Carol Sanger said Monday.Īside from corporate staff, more than 1,000 clerks and other retail employees work at Macy's Union Square flagship and men's store. The firm's new Bloomingdale's in downtown San Francisco, part of a $410 million retail, office and movie development on the former Emporium store site between Market and Mission streets, is scheduled to open in fall 2006. The takeover comes as Federated, based in Cincinnati, is investing heavily in Northern California. In a long-expected move, Federated announced Monday that it was buying May for $11 billion in cash and stock. ![]() ![]() in the latest giant retail-sector merger, industry experts said Monday. acquires smaller, more vulnerable rival May Department Stores Co. The Macy's department store chain based in San Francisco appears well-positioned to fortify its dominance in Northern California as its parent Federated Department Stores Inc. Women's spring items sit on a table at the display of Charter Club-label clothing. A customer browses through I-N-C clothing, a store-label brand, at a Lazarus-Macy's store.
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