BEHIND THE NEWS: Mergers may shake up Simon's department-store mix Last supper

Big changes are brewing at the department-store chains that anchor Simon Property Group Inc.'s shopping malls in Indianapolis and across the nation. That may be good news for the company's strong malls but bad news for its weak ones. The Wall Street Journal says Cincinnatibased Federated Department Stores Inc., parent of Lazarus-Macy's, has rekindled negotiations to buy St. Louis-based May Department Stores, the underperforming parent of L.S. Ayres. Such a deal would be the latest in a string of shakeups...

 

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