Wicked Good Conference / Boston /

Goodbye Filene's


By Ron Newman - Jan 20, 2005, 10:11 PM
Post #1 of 33

Federated in Talks to Buy May

Federated owns Macy's (formerly Jordan Marsh). May owns Filene's. If these companies merge, what happens to Downtown Crossing?

Register or log in to reply



Re: Goodbye Macy's or Filene's?
By onejennifr - Jan 21, 2005, 8:39 AM
Post #2 of 33 [In reply to]

Filene's would close. A lot of area malls would be affected by this because they have both a Macy's and a Filene's.

Register or log in to reply



Re: Goodbye Macy's or Filene's?

By Ron Newman - Jan 21, 2005, 8:48 AM
Post #3 of 33 [In reply to]

That would be a very sad event. I hope it doesn't happen.

Filene's downtown store is much nicer than Macy's, as well as being bigger, older and more historic.

Many cities used to have two competing downtown department stores, but few still do. It's one of the things that makes Boston distinctive.

Register or log in to reply



Re: Goodbye Macy's or Filene's?

By Neal - Jan 21, 2005, 9:41 AM
Post #4 of 33 [In reply to]

Chances are that in the interest of anti-trust, they'd make the new company sell off their units in competing markets, which would probably mean Filene's would be sold to another parent company.

Register or log in to reply



Re: Goodbye Macy's or Filene's?

By Ron Newman - Jan 21, 2005, 9:52 AM
Post #5 of 33 [In reply to]

That happened once before when Allied (which then owned Jordan Marsh) merged with Federated (which then owned Filene's).

But this time, the news articles say that the anti-trust folks probably aren't interested.

Register or log in to reply



Re: Goodbye Macy's or Filene's?
By Buzzy_Flatus - Jan 21, 2005, 9:55 AM
Post #6 of 33 [In reply to]

Under this administration?

Register or log in to reply



Re: Goodbye Macy's or Filene's?

By Ron Newman - Jan 21, 2005, 12:12 PM
Post #7 of 33 [In reply to]

"Goodbye Filene's" would have been a better title for this thread, now that I've seen these articles:

A Federated-May merger could erase Filene's name (Globe)

Macy's shops for Filene's? Chain could disappear, leaving gap across U.S. (Herald)

Everyone in New England should be praying for this deal to fall through. Nothing good can come of it.

Register or log in to reply



Re: Goodbye Macy's or Filene's?
By onejennifr - Jan 21, 2005, 1:44 PM
Post #8 of 33 [In reply to]

Actually it would happen nationwide. Filene's is just a subsidiary of Federated. Federated owns stores just like Filenes all over the country. These stores may have a different name (such as Kauffman's when I lived in Rochester, NY) but they are all the same stores. The logos are the same, the bags are the same, gift certificates and credit cards can be used at any Federated store.

This might also effect Lord & Taylor's as it is also a Federated store.

Register or log in to reply



Re: Goodbye Macy's or Filene's?

By jonallen - Jan 21, 2005, 1:50 PM
Post #9 of 33 [In reply to]

Filene's has always clothed me and my family far better than any other store. I got the suit I married in at Filene's over 27 years ago, and it still looks like new, even though I have put a lot of wear on it. Macy's is just another Bloomingdale's clone, and not a very good one at that. If the new merged entity axes Filene's, they'll send the whole mess down the flusher.

Register or log in to reply



Re: Goodbye Macy's or Filene's?

By Ron Newman - Jan 21, 2005, 1:53 PM
Post #10 of 33 [In reply to]


In Reply To
Filene's is just a subsidiary of Federated.

No, Filene's is part of May. Macy's is part of Federated.

Filene's used to be be part of Federated, but that was 15+ years ago.

Register or log in to reply



Re: Goodbye Macy's or Filene's?
By onejennifr - Jan 21, 2005, 4:23 PM
Post #11 of 33 [In reply to]

I just switched the name then. It has been a long day at work. Kaufman's in NY is the exact same store as Filene's. The company that owns Filene's also owns Lord & Taylors along with Kaufmans, and a number of different store names across the country. I worked part time for Kauffman's when I was in Rochester, it was all one big happy corporate family.

The May Company is:

Famous Barr
Filenes
Foley's
Hecht's
Kaufmann's
Lord & Taylor
L.S. Ayres
Marshall Fields
Meier & Frank
Robinsons-May
Strawbridge's
The Jones Store
David's Bridal
After Hours
Priscilla of Boston

http://www1.mayco.com/common/corplocator.jsp?highlite=store_locator

I personally don't really shop at either Filene's or Macy's.

Register or log in to reply



Re: Goodbye Macy's or Filene's?

By eeka - Jan 21, 2005, 8:58 PM
Post #12 of 33 [In reply to]

What about people who don't give a rat's ass about any department stores and don't shop in them?

Register or log in to reply



Re: Goodbye Macy's or Filene's?

By Ron Newman - Jan 21, 2005, 9:12 PM
Post #13 of 33 [In reply to]

You might still care about having a huge empty building in the center of downtown where there used to be a store. It would really hurt the city to have it close.

Register or log in to reply



Re: Goodbye Macy's or Filene's?
By so - Jan 21, 2005, 10:38 PM
Post #14 of 33 [In reply to]

it could help the city if downtown crossing stayed open later...I hate how early everything closes there.

Register or log in to reply



Goodbye Filene's

By Ron Newman - Jul 29, 2005, 10:02 AM
Post #15 of 33 [In reply to]

Just bumping this thread up to the top, since today's papers both report that Filene's is going to close next year. The company hasn't yet decided whether Macy's will stay where it is, or move across the street into the Filene's building.

Register or log in to reply



Re: Goodbye Filene's

By adamg - Jul 29, 2005, 10:13 AM
Post #16 of 33 [In reply to]

I'm liking Jody's take on it all:

I don't shop at Macy's. I shop at Filenes. Period. And you say "Customers have told us they want the fashion and affordable luxury they find in Macy's stores," Federated said in a statement." Ya, and? How was the question worded to those customers? Did you ask "Tell us, do you want the fashion and affordable luxury you find in Macy's, or do you want me to squeeze lemon juice in your eyes?"

Register or log in to reply



Re: Goodbye Filene's

By Ron Newman - Jul 29, 2005, 10:16 AM
Post #17 of 33 [In reply to]

(Say Adam, is there some way to change the thread title to be "Goodbye Filene's", now that we know it's going to happen?)

Register or log in to reply



Re: Goodbye Filene's

By adamg - Jul 29, 2005, 10:58 AM
Post #18 of 33 [In reply to]

Done.

Register or log in to reply



Re: Goodbye Filene's
By Miki - Jul 29, 2005, 7:48 PM
Post #19 of 33 [In reply to]

Farewell to a neat department store. Bye bye Filene's.

Enjoyed shopping in their bargain basement(s), also, but there were so many neat clothes there. I miss it already.

Register or log in to reply



Re: Goodbye Filene's

By Dave - Jul 29, 2005, 8:54 PM
Post #20 of 33 [In reply to]


In Reply To
I don't shop at Macy's. I shop at Filenes. Period.

Oh. My. God. How will I ever adjust to this? Now, instead of not going to Macy's and Filene's, I'll just have to not go to Macy's.

Register or log in to reply



Re: Goodbye Filene's

By Ron Newman - Jul 29, 2005, 11:58 PM
Post #21 of 33 [In reply to]

Filene's Basement is a separate company from Filene's. Has been for the last 15 years or so. It will continue even after Filene's has closed.

Register or log in to reply



Empty Building

By ciao - Jul 31, 2005, 11:42 AM
Post #22 of 33 [In reply to]


In Reply To
You might still care about having a huge empty building in the center of downtown where there used to be a store. It would really hurt the city to have it close.


Who is to say Federated simply won't just let the building sit empty? Which ever building Federated vacates, why do people think it will be replaced with another department store? Federated won't vacate a building to let it be replaced by competition. This had happened in many cites, companies move out but let property sit vacant because they don't want competition moving in. I'd love to see Nordstrom come in, or , wishful thinking, for both Macy's and Filene's to stay open, but I don't see Federated letting it happen.
"George Bush doesn't care about black people" Kanye West-2005

Register or log in to reply



Re: Empty Building

By Fred Sennott - Jul 31, 2005, 8:10 PM
Post #23 of 33 [In reply to]

They aren't going to lose piles of money by holding onto an empty building.the taxes still come due empty on not.They may try to keep out a direct competitor but in the long run profit will rule.
Trust in God and sin not.Don't blame me I'm like Sparky I voted for Sarah to.

Register or log in to reply



Re: Empty Building
By Miki - Jul 31, 2005, 8:13 PM
Post #24 of 33 [In reply to]

All too often, when the owner/landlord of an empty building like that goes arrears in their taxes, the building gets totally abandoned.

Register or log in to reply



Re: Empty Building

By Ron Newman - Jul 31, 2005, 8:14 PM
Post #25 of 33 [In reply to]

I don't think Federated owns the Macy's building. I'm not sure whether May owns the Filene's building. In any event, the buildings are too valuable to sit empty when rent could be coming in.

Register or log in to reply



Re: Empty Building
By Miki - Jul 31, 2005, 8:21 PM
Post #26 of 33 [In reply to]

It probably also depends WHO comes in and what sort of use is made out of the building(s) in order to generate a cash flow/rent.

On the other hand, sometimes, if buildings DO sit empty for a long enough period of time, they either get demolished, or abandoned, because the owner can't pay taxes on them.

Register or log in to reply



Re: Empty Building

By Neal - Jul 31, 2005, 10:31 PM
Post #27 of 33 [In reply to]

According to the City of Boston Assessing records, the Macy's, nee Jordan Marsh building, is owned by MSP One Summer St. LLP, and the Filenes Building is owned by Adcor Realty Corporation.

Register or log in to reply



Re: Empty Building

By Ron Newman - Jul 31, 2005, 11:02 PM
Post #28 of 33 [In reply to]

Which leaves the question of whether either of those companies is itself owned or controlled by Federated or May.

Register or log in to reply



Re: Empty Building
By dand025 - Feb 24, 2006, 10:39 AM
Post #29 of 33 [In reply to]

To anwer your questions, Filenes (may company) Ownes the Filenes Building and Fendeated is leasing the Macy building. Due to the fact the The Filenes building has more space then needed they have decided to Sell the Filees Builing and continue to lease the Macy's Building.

Register or log in to reply



Re: Empty Building

By Ron Newman - Feb 24, 2006, 12:00 PM
Post #30 of 33 [In reply to]

It doesn't make sense to me to keep a leased store and sell off a store you own ... but then, my name isn't Federated.

Register or log in to reply



Re: Empty Building
By dand025 - Feb 24, 2006, 12:25 PM
Post #31 of 33 [In reply to]


In Reply To
It doesn't make sense to me to keep a leased store and sell off a store you own ... but then, my name isn't Federated.


That's what i was thinkining, loosing this building it lost twice the emoloyee and and have effected to other businesses. Filenes Credit union which is up stairs and the filenes basement. But to each it's own.

Register or log in to reply



Re: Goodbye Macy's or Filene's?
By Miki - Feb 24, 2006, 2:23 PM
Post #32 of 33 [In reply to]

Goodbye Filenes' Dept. Store. Too bad for the loss of a wonderful and historic treasure--a real blow to Boston and the metro area.

Register or log in to reply



Re: Goodbye Macy's or Filene's?

By ciao - Feb 24, 2006, 8:28 PM
Post #33 of 33 [In reply to]


In Reply To
Goodbye Filenes' Dept. Store. Too bad for the loss of a wonderful and historic treasure--a real blow to Boston and the metro area.

I think it's a blow that there's less competition, now Federated owns everything.

But speaking to people, they always seem more concerned about Filene's Basement than Filene's, not realizing that Filene's and Filene's Basement were owned by 2 separate companies.
"George Bush doesn't care about black people" Kanye West-2005

Register or log in to reply