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Federated announces plans for converting or closing Stern's stores

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Federated Department Stores (Cincinnati), which earlier announced the closing of its Stern's department store division's 24 stores, provided further details: the 14 stores that will become Macy's include eight in New Jersey (Bergen Mall, Paramus; Preakness Mall, Wayne; Middlesex Mall, South Plainfield; Ledgewood Mall, Ledgewood; South Brunswick Square, South Brunswick; plus freestanding stores in Jersey City, West Orange and Woodbridge) and six in New York (Cross County Mall, Yonkers; Stern's Plaza, Commack; Broadway Mall, Hicksville; plus freestanding stores in Douglastown, Flushing and Hampton Bays; and the two that will become Bloomingdale's are in Bridgewater and Willowbrook, N.J. (They'll close by mid-year and reopen under their new nameplate in 2002, following major, 18-month renovation.)

In addition, three Stern's stores – in Toms River, N.J., Brooklyn, N.Y. (Atlantic Terminal) and Bay Shore, N.Y. (South Shore Mall) – will convert to Macy's but are being reevaluated for closing. And the remaining five stores – in Sunrise Mall, Massapequa, N.Y.; Smith Haven Mall, Lake Grove, N.Y.; Roosevelt Field (Garden City, N.Y.; and freestanding stores in Valley Stream, N.Y. and Monmouth, N.J. – are expected to be closed and then sold.

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