Foley's
From Wikipedia, the free encyclopedia
| Foley's | |
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| Type | Department store |
| Founded | 1900 |
| Headquarters | Houston, Texas |
| Industry | Retail |
| Products | Clothing, footwear, bedding, furniture, jewelry, beauty products, housewares |
| Website | None |
Foley’s was a chain of department stores owned by May Department Stores and headquartered in Houston, Texas. As of August 30, 2005, the division was dissolved and operation of the stores was assumed by Federated's Macy's West and Macy's South divisions. Foley's operated stores in Texas, Colorado, Louisiana, Arizona, Oklahoma and New Mexico. On that day, the Foley's nameplate was eliminated -- as were almost all of the May Company nameplates -- in favor of Macy's.
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[edit] History
This company was founded in Houston, Texas, in 1900 as Foley Brothers. It was originally acquired by Federated Department Stores, Inc. in 1947.
In the 1970s, Foley's opened stores in Austin and in the 1980s opened in San Antonio. By 1987, Foley's absorbed Federated's Dallas-based Sanger-Harris chain with stores in the Dallas/Fort Worth Metroplex; Oklahoma City, Oklahoma; Tulsa, Oklahoma; Tucson, Arizona; and Albuquerque, New Mexico.
In 1988, Federated was purchased by real estate developer Campeau Corporation, which immediately sold Foley's along with Filene's to May Department Stores to finance its deal. This was fortunate as in two short years Federated filed for bankruptcy, disassociated itself from Campeau, and merged with Campeau's other retail holding company Allied Stores. After its acquisition by May Company, Foley's closed several stores in Dallas it considered underperforming (including the downtown Dallas flagship store) and its Albuquerque, N.M., location, while also taking over two Lord & Taylor stores, one under construction in Oklahoma City and the other at San Antonio's Rivercenter.
Over the next decade, May spent heavily to build new stores, replace outdated stores and refurbish existing stores. In 1993, May Department Stores consolidated May D&F into Foley's, which brought Foley's name to the Denver-Aurora, Colorado Springs, Boulder and Fort Collins-Loveland markets and re-introduced Foley's to the Albuquerque market. In 1995, the Tucson locations were transferred to May's Robinsons-May division. In 2001, Foley's expanded into Louisiana after May Co. acquired several Maison Blanche locations that had become Parisian stores from Proffitt's (now Saks Incorporated).
Foley's was re-acquired by Federated when it took over May Department Stores on August 30, 2005. In 2006, Federated started the conversion of Foley's into Macy's. Soon advertisements started to read "Foley's - Now part of the Macy's Family". On September 9, 2006, the Foley's stores were renamed Macy's as part of Federated's nationwide rebranding of all former May locations.
[edit] Timeline
1900: Foley Brothers was opened by brothers Pat and James Foley, two young and enterprising Irishmen, on February 12 with $2000 borrowed from an uncle. The 1400-square-foot store located at 507 Main Street in Houston, Texas, was stocked with calico, linen, lace, pins, needles, and men’s furnishings.
1905: With business booming, Pat and James purchased the building next door and added ready-to-wear clothing for women and children as well as millinery.
1911: The store moved to the 400 block of Main Street and was incorporated with capital of $150,000.
1916: Foley Brothers ranked third in retail volume in Houston with $400,000 in sales. The original 10 employees had grown to 150, and the company had 750 active charge accounts and 23,000 square feet of space.
1917: Pat and James sold Foley Brothers to George S. Cohen and George’s father, Robert, a Galveston merchant. Foley Bros. grew tremendously under this new management and by 1919, sales neared $1,000,000.
1922: Foley Bros. moved into a three-story building next door to 400 Main Street. Later that year, the store became the city’s largest department store. Shoes, a beauty shop, and radio sets were included.
1941: When the United States entered World War II, Foley Bros. diverted the efforts of the advertising and personnel departments to bond drives and other wartime services. All sales promotions were suspended during this time.
1945: Federated Department Stores president Fred Lazarus, Jr., came to Houston to visit his son, who was stationed at a nearby Army camp. Mr. Lazarus discovered that Foley Bros. was for sale and bought it.
1947: Now part of Federated, Foley’s opened its doors at 1110 Main Street on October 20 in downtown Houston. [1] Federated spent $13 million to build this new store, which was heralded by the press as the nation’s “most modern department store.”
1951: The first official Foley’s Thanksgiving Day Parade was held.
1960-1967: Sharpstown, Foley’s first branch store opened. Pasadena, Almeda-Genoa, and Northwest stores soon followed.
1974-1979: Memorial City and Greenspoint opened in Houston, and Highland Mall opened in Austin.
1980-1987: San Jacinto, North Star, Willowbrook, Barton Creek, West Oaks, Ingram Park, Deerbrook, Post Oak, and Corpus Christi opened.
1988: The May Department Stores Company acquired Foley’s in Houston and Filene's in Boston from Federated.
1993: The May D&F division in Colorado and New Mexico was consolidated with Foley’s, creating a 49-store division that was the largest in May Company.
1995-1998: Temple, Northwest Austin, Sugar Land, Northwest Albuquerque, Laredo, and Park Meadows opened. Fort Collins reopened after extensive remodeling. Purchased Jones & Jones in McAllen, Texas, and converted to Foley's.
2000-2004: NorthPark, Broomfield, Hurst, Baybrook Mall, Beaumont, Cielo Vista, Houston Galleria, Lake Charles, Denton, and Sunland opened. Foley’s acquired one McRae's store and two Parisian stores in Louisiana. Cortana and the Mall of Louisiana in Baton Rouge and Acadiana in Lafayette joined Foley’s. Memorial City and Baybrook reopened in new buildings.
2004: The May Department Stores Company acquired Marshall Field's, which was headquartered in Minneapolis, Minn. May’s seven divisions now included Foley’s, Filene's, Robinsons-May, Famous-Barr, Hecht's, Lord & Taylor, and Marshall Field's.
2005: La Cantera, Garland, and Loveland opened. May and Federated Department Stores, Inc. announced plans to merge. The transaction closed in the third quarter.
2006: On February 1, 2006, the Foley's organization in Houston was dissolved and operation of its locations in Louisiana, Oklahoma, and Texas (except El Paso) were assumed by Atlanta-based Macy's South while operation of locations in Arizona, Colorado, New Mexico, and El Paso, Texas were assumed by San Francisco-based Macy's West. On September 9, 2006, the Foley's nameplate was replaced as part of Macy's nationwide rebranding of all former May Company locations.
[edit] Former locations
[edit] Previously announced locations
[edit] References
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