The department store 'survivors' - now down to four. (major publicly owned department stores) From: WWD | Date: December 13, 1989| Author: Rutberg, Sidney | COPYRIGHT 1989 Fairchild Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

THE BOTTOM LINE

THE DEPARTMENT STORE `SURVIVORS' -- NOW DOWN TO FOUR

NEW YORK (FNS) -- With Federated Department Stores and Allied Stores in a cash bind and R.H. Macy & Co. dealing with a debt load that requires about 10 cents of every sales dollar for debt service, the number of major publicly owned department stores has dwindled to four.

A recent, generally optimistic report by David A. Poneman, research analyst for Sanford C. Bernstein, has focu...

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