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2005
December 2
By Certified Mail, Return
Receipt Requested
Terry J. Lundgren, Chairman,
President, and Chief Executive Officer
Federated Department Stores,
Inc.
Dear Mr. Lundgren:
Last week, I watched on
television the annual Macy’s holiday parade in
Nearly every major city has
similar traditions. Here in
Regrettably,
With this letter, I wish to
urge you to reconsider the complete
removal of the historic names of traditional
downtown department stores owned or to be inherited by Federated Department
Stores. A historic department store name may be one of the intangible variables
that marks the difference between success and failure for a store located in a
traditional downtown district.
The rapid suburbanization of
Often, they come downtown for
that special shopping experience in a store that has become like an old friend.
In other cases, it could be for nostalgia, as they remember coming there as a
child. And, others, such as me, shop there because of the significant history
of the store to the city.
A store such as Kaufmann’s
has already had several changes over the years. The original, magnificent first
floor [which, regrettably, I never had the chance to see] was “modernized” in
the 1950s. Recently, a lot of office workers were laid-off, as Kaufmann’s
administrative jobs moved to
With the loss of the original
name to a historic downtown department store, I fear that customer loyalty to
that downtown department store will greatly suffer. With all of the “big-box”
retailers, and now even the Internet, these people will no longer have a reason
to go out of their way to patronize a Federated downtown department store.
Terry
J. Lundgren 2005
December 2 Page
2 of 2
You do not want to lose these
customers, because they will not automatically start to patronize Macy’s or
other Federated stores. And, you do not have to completely change your plans to
keep these customers.
Now, I understand the desire
to create one nationally recognized chain, under the banner of Macy’s. I agree that this makes a great deal of sense
from a marketing perspective.
So, I would suggest a
compromise, one which has been implemented in the past by Federated Department
Stores. Solely for the historic department stores in the traditional downtown
districts, I suggest that a hyphenated name be used; here are a few
examples:
Philadelphia’s Center City: Strawbridge-Macy’s
This pattern could be
replicated for all of your historic department stores in the traditional downtown
districts. This would continue historic traditions in those cities, while
cementing the marketing connection with the national Macy’s chain.
Now, for Downtown Columbus,
it could be Kaufmann-Macy’s as well. However, the Lazarus name is of such great
significance to the history of
Lazarus-Macy’s—and, if the
original Lazarus building is still available, perhaps it would make sense to
relocate the store to the first few floors of that historic and more centrally
located building.
I, respectfully, request that
you consider this alternative prior to implementation of the Macy’s name change
on all of Federated’s historic department stores in traditional downtown
districts.
Sincerely yours,
Glenn A. Walsh
gaw
Copy: Neil Penz, Downtown General Manager, Kaufmann’s Department
Store,
Dr.
Audrey Guskey, Associate Professor of Marketing,
Administration,