Results tagged “federateddepartmentstores”

As we all know, Filene’s Department store has been bought by Federated Department Stores this past year, which means that it’s currently on its way out of town. While there are weekly rumors that a Target or Wal-Mart will be plopped into this Downtown Crossing real estate, Filene’s is currently closing up shop with a good ol’ clearance sale. Being the savvy shopper that we are, Bostonist just had to go and check it out... more ›

When Filene's was bought by Federated Department Stores, Inc. this past February for $17 billion, many anticipated changes to Downtown Crossing. After already going through an identity crisis (changing from Boston's own Jordan Marsh to Macy's), the Macy's storefront has always remained a competitor with Filene's and her basement across the street. This recent buyout of Filene's now leaves Federated, who happens to own Macy's too, with two stores across the street from one another. A Globe article today mentions talk of Target execs' interest in taking over the Macy's spot and turning it into one of their stores. According to our beloved mayor, he was in Istanbul last month at the International Council of Shopping Centers, and was chatting it up with them. Menino of course put in his two cents: "I'm a big fan of Target...It would bring a lot of vibrancy to that area." more ›