1948 May Department Stores Company

 

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Stock Code MDS01

  Certificate dated 22nd June 1948 for 80 shares of $3.75 cumulative preferred.

Issued to Dent & Co., with the printed signatures of Morton May, President and Leo Nieck, Secretary of the company. Vignette of eagle at top of certificate. Ornate blue border.

Certificate size is 20 cm high x 29.5 cm wide (8" x 11.5"). It will be mounted in a mahogany frame, with gold inlay, size 31 cm high x 39 cm wide.

The certificate is shown unframed as all items are mounted upon order.

About This Company

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About This Company
1877 David May opened the first store of what was to become The May Department Stores Company in Leadville, Colo., a silver-mining boom town.
1892   David May and three brother-in-law partners purchased The Famous Clothing Store in St. Louis.
1898   David May and partners purchased a department store in Cleveland and named it May Company.
1905   May headquarters moved to St. Louis.
1910   The May Department Stores Company was incorporated. Earnings were
$1 million.
1911   The company was listed on the New York Stock Exchange. In St. Louis, May acquired the William Barr Dry Goods Company and combined it with The Famous Clothing Store to form Famous-Barr. May Merchandising Company was formed under the original name of The Sostman Mercantile Company and became May Merchandising in 1969.
1912   May acquired the M. O'Neil department store company in Akron, Ohio.
1923   May acquired the A. Hamburger & Sons department store in California and renamed it May Company. Earnings topped $5 million.
1927   May acquired the Bernheim-Leader department store in Baltimore and renamed it The May Company. It became part of Hecht's in 1959.
1939   May achieved $100 million in annual sales.
1946   May acquired Kaufmann's, a department store company in Pittsburgh.
1951   Between 1922 and 1951, May stock split five times.
1957   May acquired The Daniels & Fisher Stores Company in Denver and renamed all Denver stores May D&F.
1959   May acquired Hecht's, a department store company with stores in
Washington, D.C., and Baltimore.
1964   Stock split two-for-one.
1965   May acquired the G. Fox department store company in Hartford, Conn.
1966   May acquired the Meier & Frank department store company in Portland, Ore.
1967   May reached the $1.0 billion milestone in annual sales.
1974   May Department Stores International began operations.
1976   Stock split three-for-two.
1977   Earnings reached the $100 million milestone.
1981   Annual sales topped $3.0 billion.
1984   Stock split three-for-two.
1986   May acquired Associated Dry Goods Corporation, including Lord & Taylor headquartered in New York City; Sibley's headquartered in Rochester, N.Y.; J.W. Robinson's headquartered in Los Angeles; Denver Dry Goods Corporation headquartered in Denver; Goldwaters headquartered in Phoenix, Ariz.; Hahne's headquartered in Newark, N.J.; and L.S. Ayres headquartered in Indianapolis. Strouss, in Youngstown, Ohio, was consolidated with Kaufmann's. Earnings reached $250 million. Stock split two-for-one.
1987   The Denver Dry Goods Corporation was consolidated with May D&F.
1988   May acquired Foley's in Houston and Filene's in Boston. Annual sales topped $6.0 billion.
1989   O'Neil's in Akron, Ohio, was consolidated with the May Company, Cleveland, division; seven Goldwaters stores were consolidated with other divisions; and six Hahne's stores in New Jersey were consolidated with Lord & Taylor.
1990   May acquired Thalhimers, based in Richmond, Va.; Sibley's was consolidated with Kaufmann's.
1992   Thalhimers was consolidated with Hecht's, and L.S. Ayres was consolidated with Famous-Barr, but retained the L.S. Ayres name in the Indiana markets.
1993   May Company and J.W. Robinson's in Los Angeles were consolidated to create Robinsons-May; May Company, Cleveland, was consolidated with Kaufmann's; G. Fox was consolidated with Filene's; and May D&F was consolidated with Foley's. May Merchandising Company and May Department Stores International were moved to the St. Louis corporate headquarters. Annual sales were $9.0 billion, and earnings topped $500 million. Stock split two-for-one.
1994   May acquired 10 stores from Hess's in Pennsylvania and New York state. Six of the stores were consolidated into Kaufmann's, two into Hecht's, and two into Filene's.
1995   The company purchased 14 Wanamaker's stores in the Philadelphia area and three Woodward & Lothrop stores in Washington, D.C.; 15 of the stores were consolidated with Hecht's and two with Lord & Taylor.
1996   May purchased 13 Strawbridge & Clothier stores in the greater Philadelphia area. The stores were consolidated into Hecht's and operate under the Strawbridge's name, along with eight other stores in the Philadelphia market. The May Department Stores Company, a New York corporation, reincorporated in Delaware, becoming The May Department Stores Company, a Delaware corporation.
1997   Annual sales topped $12.0 billion.
1998   May purchased 13 stores, including 11 former Mercantile locations. Nine of the acquired stores were consolidated into Famous-Barr, seven of which operate under The Jones Store name in Kansas City and Topeka.
1999   May purchased 13 Zions Co-operative Mercantile Institution (ZCMI) stores in Utah and Idaho. The stores were operated by Meier & Frank, and the ZCMI name was changed to Meier & Frank in 2001. Stock split three-for-two.
2000   David's Bridal, the largest retailer of bridal gowns and other bridal party-related merchandise in the United States, joined May.
2001   May acquired After Hours Formalwear, the largest tuxedo rental and sales retailer in the nation. May purchased nine department stores from Saks Incorporated, 13 former Wards stores, and two Bradlees stores.
2002   May acquired substantially all of the assets of Priscilla of Boston, an upscale bridal gown retailer, and announced a marketing alliance with The Knot, an online wedding planning resource. May combined its Filene's and Kaufmann's divisions as well as its Robinsons-May and Meier & Frank divisions.
2003   May acquired two Marshall Field's stores in Columbus, Ohio, and operates them under the Kaufmann's name.
2004   May acquired Marshall Field's department stores, adding 62 stores in eight states. Marshall Field's operates as one of May's seven department store divisions and is headquartered in Minneapolis.
 

 

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