ABC Evening News for Wednesday, Mar 02, 1988
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(Studio: Peter Jennings) Home sales figs. given. Report introduced.
(NYC: Beth Nissen) Announcement by Macy's that it will buy Federated Department Stores, Incorporated, reported Attempts by Canadian busman. Robert Campeau to buy Federated reported [CEO of Federated Stores Alan GOLDFEATHER - says deal with Macy's is terrific.] [Retail analyst Monroe GREENSTEIN - explains strength of Macy's federation.] Impact on consumers of new megachain detailed. [Retail Mkting. Report spokesperson Kurt BARNARD - says cost of doing business will be lowered.] New York City Macy's store shown.
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