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Federated to close six more stores

Federated Department Stores has identified six more department stores it will close — on top of 76 already slated — to minimize overlap between its own properties and those of May Department Stores Co., which Federated acquired this year.

Macy's stores are closing next year in the following centers: The Oaks in Thousand Oaks (Calif.); Rockingham Park Mall, in Salem, N.H.; Tucson (Ariz.) Mall; and Wesleyan Park Plaza, Owensboro, Ky. In addition, a Marshall Field's will shut down in University Park Mall, Mishawaka, Ind., and a Robinsons-May is going dark in North County Fair, Escondido, Calif.

In addition, four May locations will close for renovation and reopen under the Bloomingdale's banner. The merger, completed Aug. 30, doubled Federated through the addition of 487 May department stores.

Federated says it plans to operate all May stores under their existing nameplates at least through the holiday season. The divestiture of duplicate May and Macy's stores will begin next year. They will be sold to landlords, developers and third parties. Federated says it will comply with existing lease and operating agreements, and the divestiture of certain stores will be subject to negotiations with various third parties.

The stores to close are listed at www.fds.com.

Compiled by the staff of Shopping Centers Today. © October 27, 2005 International Council of Shopping Centers.