"They allow the Federated Department Stores of the world to move excess more quickly, " Prescott says.
Now a part of Federated Department Stores, the catalog outfit also has a huge consumer-finance division.
Intel sold at ten times earnings, as did Fannie Mae, Citicorp and Federated Department Stores.
In many instances, like Federated Department Stores, the companies survived but the subordinated creditors and sponsors lost a lot of money.
Most major department stores, including Neiman Marcus , Bergdorf Goodman and Federated Department Stores ' Macy's and Bloomingdale's have personal shopping services.
Litsa Grigoropoulos, a sales assistant at Sephora's smaller downtown shop in Manhattan's Soho district, used to work at Macy's (part of Federated Department Stores).
You start with Wal-Mart (49, WMT) and Federated Department Stores (56, FD), and work your way down to Costco (81, COST) and Tiffany (97, TIF).
He thinks the competition will get tougher--mainly once midlevel rival Federated Department Stores (nyse: FD - news - people ) (home of Macy's) finishes its painful reorganization.
Most major department stores, including Neiman Marcus , Bergdorf Goodman and Federated Department Stores ' (nyse: FD - news - people ) Macy's and Bloomingdale's have personal shopping services.
Bleak warnings have sounded from such broad-based supermarket groups as Carrefour in France and Metro in Germany, from Federated Department Stores in America and from specialists such as Dixons, a British electronics chain.
ECONOMIST: When you can’t sell the goods, sell the shop | The
Cincinnati-based Federated Department Stores (nyse: FD - news - people) posted a 26% drop in fiscal fourth-quarter earnings, hurt by problems at its Fingerhut catalog unit and, yes, the slowing U.S. economy.
Turnof also recommends shares of Federated Department Stores, which picked up a superior gift strategy company in May Department Stores that will positively affect the company's Macy's unit, and Nordstrom, a luxury store largely insulated against cyclical downturns that has improved its women's line.
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