A look at Liberty House, FDS and Macy's
Advertiser Staff
Federated Department Stores Inc.'s acquisition of kama'aina retailer Liberty House brings together companies that can claim long histories and bankruptcy survival.
Liberty House |
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