Jordan Marsh stores in the northeastern United States, already part of the Macy’s East division, are converted to the Macy’s nameplate. Meanwhile, Bullock’s stores in Southern California, already part of the Macy’s West division, are renamed Macy’s.
May Company acquires Strawbridge’s in Philadelphia.
The Federated Department Stores Foundation is reactivated as the company’s primary vehicle for charitable giving. Total contributions by Federated, its divisions and the Foundation were $7.8 million in fiscal 1996.
Bloomingdale’s opens its first California stores with four locations - three in the Los Angeles area and one in Palo Alto.