The May Department Stores Company Completes Purchase of 13 Former Wards Stores

Apr 12, 2001, 01:00 ET from The May Department Stores Company

    ST. LOUIS, April 12 /PRNewswire/ -- The May Department Stores Company
 (NYSE:   MAY) announced today it completed the purchase of 13 stores formerly
 operated by Wards.
     The purchase includes stores in Houston, Dallas, Fort Worth, El Paso, and
 Beaumont, Texas; Kansas City and Joplin, Mo.; Portland and Medford, Ore.; the
 metropolitan Washington, D.C., area; Lake Charles, La.; and Springfield, Ill.
     May plans to reopen most locations in 2002 after remodeling the stores.
 Seven will operate as new stores, and others will be expansions of existing
 May stores.
     Lord & Taylor, May's specialty department store division, will operate the
 store at Northeast Mall in Fort Worth. By 2002 Lord & Taylor will operate
 three stores in the Dallas/Fort Worth metropolitan area. Headquartered in New
 York City, Lord & Taylor is headed by Jane T. Elfers, president and chief
 executive officer, and Clarence O. Reynolds, chairman.
     Hecht's, based in Washington, D.C., will operate the store at St. Charles
 Towne Center in Waldorf, Md., as an expansion of its existing store. St.
 Charles Towne Center is located in the metropolitan Washington, D.C., area
 where Hecht's currently operates 18 stores.  Hecht's is led by Frank J.
 Guzzetta, president and chief executive officer, and Kenneth L. Wilkerson,
 chairman.
     Foley's will operate the locations at Willowbrook and Baybrook in Houston,
 Golden Triangle in Dallas, Cielo Vista in El Paso, Parkdale in Beaumont, and
 Prien Lake in Lake Charles, La. The Willowbrook location will operate as an
 expansion of the current Foley's store at that mall; the balance of locations
 are new.  In addition, Beaumont, El Paso and Prien Lake are new markets for
 Foley's. By 2002, Foley's will operate a total of 47 stores in Texas and four
 in Louisiana. Thomas J. Hogan is president and chief executive officer of
 Foley's; Mark J. Weikel is chairman; and Fred J. DiIorio is vice chairman.
     A new location for The Jones Store will open at Oak Park Mall in Kansas
 City for a total of seven stores in the metropolitan area by 2002. The Jones
 Store operates as part of Famous-Barr, headquartered in St. Louis. Ira Pickell
 is president and chief executive officer; John F. Danahy is chairman.
     Meier & Frank will operate the locations at Clackamas Town Center in
 Portland and Rogue Valley Mall in Medford as expansions of its current stores
 at those malls.  With the 2002 opening of the recently announced new store at
 The Shops at Tanasbourne, Meier & Frank will operate six stores in Portland
 and nine stores in Oregon. Richard A. Maloney is president and chief executive
 officer; David Armstrong is chairman.
     Plans have not been finalized for the Joplin and Springfield locations.
 
     The May Department Stores Company operates 435 department stores and
 126 David's Bridal stores in 43 states, the District of Columbia, and Puerto
 Rico.
 
 

SOURCE The May Department Stores Company
    ST. LOUIS, April 12 /PRNewswire/ -- The May Department Stores Company
 (NYSE:   MAY) announced today it completed the purchase of 13 stores formerly
 operated by Wards.
     The purchase includes stores in Houston, Dallas, Fort Worth, El Paso, and
 Beaumont, Texas; Kansas City and Joplin, Mo.; Portland and Medford, Ore.; the
 metropolitan Washington, D.C., area; Lake Charles, La.; and Springfield, Ill.
     May plans to reopen most locations in 2002 after remodeling the stores.
 Seven will operate as new stores, and others will be expansions of existing
 May stores.
     Lord & Taylor, May's specialty department store division, will operate the
 store at Northeast Mall in Fort Worth. By 2002 Lord & Taylor will operate
 three stores in the Dallas/Fort Worth metropolitan area. Headquartered in New
 York City, Lord & Taylor is headed by Jane T. Elfers, president and chief
 executive officer, and Clarence O. Reynolds, chairman.
     Hecht's, based in Washington, D.C., will operate the store at St. Charles
 Towne Center in Waldorf, Md., as an expansion of its existing store. St.
 Charles Towne Center is located in the metropolitan Washington, D.C., area
 where Hecht's currently operates 18 stores.  Hecht's is led by Frank J.
 Guzzetta, president and chief executive officer, and Kenneth L. Wilkerson,
 chairman.
     Foley's will operate the locations at Willowbrook and Baybrook in Houston,
 Golden Triangle in Dallas, Cielo Vista in El Paso, Parkdale in Beaumont, and
 Prien Lake in Lake Charles, La. The Willowbrook location will operate as an
 expansion of the current Foley's store at that mall; the balance of locations
 are new.  In addition, Beaumont, El Paso and Prien Lake are new markets for
 Foley's. By 2002, Foley's will operate a total of 47 stores in Texas and four
 in Louisiana. Thomas J. Hogan is president and chief executive officer of
 Foley's; Mark J. Weikel is chairman; and Fred J. DiIorio is vice chairman.
     A new location for The Jones Store will open at Oak Park Mall in Kansas
 City for a total of seven stores in the metropolitan area by 2002. The Jones
 Store operates as part of Famous-Barr, headquartered in St. Louis. Ira Pickell
 is president and chief executive officer; John F. Danahy is chairman.
     Meier & Frank will operate the locations at Clackamas Town Center in
 Portland and Rogue Valley Mall in Medford as expansions of its current stores
 at those malls.  With the 2002 opening of the recently announced new store at
 The Shops at Tanasbourne, Meier & Frank will operate six stores in Portland
 and nine stores in Oregon. Richard A. Maloney is president and chief executive
 officer; David Armstrong is chairman.
     Plans have not been finalized for the Joplin and Springfield locations.
 
     The May Department Stores Company operates 435 department stores and
 126 David's Bridal stores in 43 states, the District of Columbia, and Puerto
 Rico.
 
 SOURCE  The May Department Stores Company