Federated Revamps Merchandise Services Group: Federated Stores...
From Times Staff and Wire Service Reports
Federated Revamps Merchandise Services Group: Federated Stores Inc., Campeau Corp.’s U.S. retail unit, said it has reorganized its New York-based merchandise services group, cut about 10% of the group’s staff and dropped certain private-label products. Cincinnati-based Federated said 25 of its 280 employees in the Federated/Allied Merchandising Services, or FAMS, group will be laid off as the unit consolidates its design, graphics and quality-control departments.
