Federated to cut 1,700 St. Louis jobs
St. Louis, MO – Federated Department Stores announced on Tuesday that it will cut 1,700 jobs in St. Louis at the former corporate offices of May Company. Federated bought May this year.
The cuts are part of 6,200 that are being made company-wide.
The well-known Marshall Field's name will also go away. Those stores will become Macy's stores, and likely part of Macy's Midwest Division. Federated also announced Tuesday it will make St. Louis its headquarters for that Midwest Division.
In all, about 4,500 positions will be eliminated beginning in March as Federated phases out May's five divisional operations.
MARSHALL FIELD'S LEGACY
In Chicago, the loss of Marshall Field's was being compared by media to the loss of Wrigley Field or the Sears Tower. Many recall gatherings in the famous Walnut Room, family trips to see the window displays every Christmas season, and eating way too many Frango mints.
Jeanne Bedon, of Park Ridge, Ill. says she will no longer bring people from outside of the area to see the store like she's done for years because it will no longer be so uniquely Chicago.
Tracy Kepler, of Chicago, says every ex-Chicagoan around the country that she's e-mailed with the news has been as outraged as she is.