Macy’s Home delays area rug consolidation
May 14, 2004-- Home Textiles Today,
NEW YORK — Federated Department Store’s newly formed Macy’s Home Store, based here, has decided to wait an extra eight months to restructure its area rug division.
The area rug division is the only home store segment that has been delayed for consolidation, said Ronnie Taffet, vice president, public relations, Federated Corporate Marketing. The company is already consolidating the divisions of its other product category offerings.
The area rug division’s new consolidation deadline is Jan. 31. Initially, the job was to be done by the end of this month. But because of some leasing issues involving the Macy’s nameplates being consolidated — Bon-Macy’s, Burdines-Macy’s, Goldsmith’s-Macy’s, Lazarus-Macy’s, Macy’s East, Macy’s West and Rich’s-Macy’s — the company was unable to meet its target date. Some of the stores operate rugs as leased departments.
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