A look at Liberty House, FDS and Macy's
Federated Department Stores Inc.'s acquisition of kama'aina retailer Liberty House brings together companies that can claim long histories and bankruptcy survival.
Founded: In 1849. Established as H. Hackfeld & Co., a mercantile trading operation set up by Capt. Heinrich Hackfeld to supply Hawai'i sugar plantations.
Operations: Headquarters in Honolulu; 12 department stores and seven resort and specialty shops in Hawai'i and Guam
|Chairman or president: John Monahan, president|
Number of employees: 3,000
Annual sales, net income (2000): $289 million, $8.9 million
Bankruptcy history: Emerged from Chapter 11 in March after nearly three years
Notable: For at least two years has carried Federated brands as its private-label merchandise
Founded: In 1929. Established as a holding company by several family-owned department stores
Operations: Headquarters in Cincinnati; 432 stores in 33 states and Puerto Rico under the names Macy's, Bloomingdale's, The Bon Marche, Burdines, Goldsmith's, Lazarus and Rich's
|Chairman or president: James M. Zimmerman, chairman|
Number of employees: 133,000
Annual sales, net income (2000): $18.4 billion, $637 million
Bankruptcy history: Emerged from Chapter 11 in 1992 after a little more than two years
Notable: No. 110 on last year's Fortune 500 ranking of the largest U.S. companies based on 2000 revenue
Founded: In 1858. Established by Rowland H. Macy as R.H. Macy & Co., a dry goods store in New York City
Operations: Headquarters in San Francisco and New York; about 228 stores in 21 states and Puerto Rico. Macy's is Federated's largest chain.
|Chairman or president: Jeremiah J. Sullivan (Macy's West), and Hal Kahn (Macy's East), chairmen|
Number of employees: 58,000
Annual sales, net income (2000): $9 billion, n/a
Bankruptcy history: Emerged from Chapter 11 in 1994 after three years
Notable: Herald Square store in New York is 2.2 million square feet, bigger than Ala Moana Center, which is 1.8 million square feet
Sources: Companies, company Web sites