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April 25, 2005
Anchors: Will they change?
Currently, there are 5 anchor stores at Old Orchard. These are Bloomingdale's, Lord & Taylor, Marshall Field's, Nordstrom, and Saks Fifth Avenue. Interestingly, consolidation is bringing many of these anchors under common owners. This may soon change the face of Old Orchard like it has at so many other shopping centers.
For example, Marshall Field's was sold to The May Department Stores Company in July 2004. This put both Field's and Lord & Taylor under the same roof. Then in February 2005, Federated Department Stores acquired May, resulting in Bloomingdale's, Marshall Field's, and Lord & Taylor all being owned by the same company. That's over half of Old Orchard's anchors.
Will Federated keep all 3 stores running at Old Orchard? Will they sell off the real estate to someone else? Will the much-rumored name change of Field's to Macy's actually happen? I think we'll start to see some answers form this year. In the meantime, here's a quick rundown of who owns what when it comes to the anchor stores (Old Orchard anchors denoted with an astrick):
- Famous-Barr
- Filene's
- Foley's
- Hecht's
- Kaufmann's
- L.S. Ayres
- Lord & Taylor*
- Marshall Field's*
- Meier & Frank
- Robinsons-May
- Strawbridge's
- The Jones Store
- David's Bridal
- After Hours Formalwear
- Priscilla of Boston
- Saks Fifth Avenue*
- Parisian
- Proffitt's
- McRae's
- Younkers
- Herberger's
- Carson Pirie Scott
- Bergner's
- Boston Store
- Off 5th
- Club Libby Lu
Posted by Tannerman at April 25, 2005 06:47 PM | Categories: Anchors | News