Retailers’ Losses Lower Than Expected: Federated Department...

Retailers’ Losses Lower Than Expected: Federated Department Stores Inc. and Allied Stores Corp., operating under bankruptcy court protection since January, lost $24.5 million in April, officials said. The performance was better than expected, said spokeswoman Carol Sanger. The loss in the Federated division was listed as $12.7 million. Allied’s loss was $11.8 million. Federated operates 132 Lazarus, Bloomingdale’s, Abraham & Straus, Burdine’s, Rich’s and Goldsmith’s stores in 19 states. Allied operates 128 Jordan Marsh, Maas Bros., Bon Marche and Stern’s stores in 17 states.