Pulling The Plug on Meier & Frank
It looks like Meier & Frank is finally going to disappear. Don’t get me wrong, I love a local department store, but Meier & Frank hasn’t been a local department store for years. May Department Stores has bought up bunches of regional stores, and then run them under the existing name (which in a lot cases seems like a really smart idea). But they are being bought by Federated Department Stores (for $11 billion!), which likes to rename everything to Macy’s.
This adds an interesting twist to the idea of renovating that block and creating a smaller store and a hotel. Will Federated want to do that as well? Or will they want all the space for their Macy’s?