Federated is preparing to buy May Co., which owns the Foley's chain for which I occasionally work. I was all a-twitter this morning, gleefully anticipating the time when Foley's is morphed into Macy's . . . gone, surely, will be the weird opening and closing times and those pernicious coupons! ![]()
Ha. Maybe the times of operation will be sorted out, but apparently Federated has itself fallen into the coupon trap. ![]()
Here's what really gets my goat, however . . . the various news pundits are talking about the proposed merger as a way to create a retail behemoth capable of going toe to toe with Wal-Mart.
Wal-Mart???
Look, I shop at Wal-Mart myself, but still . . . when I'm on the floor at Foleys I think of Dillards and Penneys, perhaps, as our competition, not Wal-Mart. Lo, how the mainstream department stores have fallen, if they have to consider the Big Box Discount Stores as their competition.



















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