May Department Stores Stocks & Bonds - Ghosts of Wall Street

May Department Stores Company

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    Below is a brief history of this retailing giant…

    1877 - David May opened the first store of what was to become The May Department Stores Company in Leadville, Colorado, a silver mining boom town.

    1892 - David May and three brother-in-law partners purchased The Famous Clothing Store in St. Louis.

    1910 - The May Department Stores Company was incorporated. Earnings were $1 million.

    1911 - The company was listed on the New York Stock Exchange. In St. Louis, May acquired the William Barr Dry Goods Company and combined it with The Famous Clothing Store to form Famous-Barr. May Merchandising Company was formed under the original name of The Sostman Mercantile Company and became May Merchandising in 1969.

    1927 - May acquired the Bernheim-Leader department store in Baltimore and renamed it The May Company. It became part of Hecht's in 1959.

    1946 - May acquired Kaufmann's, a department store company in Pittsburgh.

    1957 - May acquired The Daniels & Fisher Stores Company in Denver and renamed all Denver stores May D&F.

    1959 - May acquired Hecht's, a department store company with stores in Washington, DC, and Baltimore.

    1965 - May acquired the G. Fox department store company in Hartford, Connecticut.

    1986 - May acquired Associated Dry Goods Corporation, including Lord & Taylor headquartered in New York City; Sibley's headquartered in Rochester, New York; J.W. Robinson's headquartered in Los Angeles; Denver Dry Goods Corporation headquartered in Denver; Goldwaters headquartered in Phoenix, Arizona; Hahne's headquartered in Newark, New Jersey; and L.S. Ayres headquartered in Indianapolis. Strouss, in Youngstown, Ohio, was consolidated with Kaufmann's.

    1988 - May acquired Foley's in Houston and Filene's in Boston.

    1994 – May acquired 10 stores from Hess's in Pennsylvania and New York state. Six of the stores were consolidated into Kaufmann's, two into Hecht's, and two into Filene's.

    1995 - The company purchased 14 Wanamaker's stores in the Philadelphia area and three Woodward & Lothrop stores in Washington, DC; 15 of the stores were consolidated with Hecht's and two with Lord & Taylor.

    2000 - David's Bridal, the largest retailer of bridal gowns and other bridal party-related merchandise in the United States, joined May.

    2001 - May acquired After Hours Formalwear, the largest tuxedo rental and sales retailer in the nation. May purchased nine department stores from Saks Incorporated, 13 former Wards stores, and two Bradlees stores.

    2003 - May acquired two Marshall Field's stores in Columbus, Ohio, and operates them under the Kaufmann's name.
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