WWD.com/fashion-news/fashion-features/quote-of-the-week-581360/

“It’s a very challenging, verycompetitive industry. Discounters, moderate stores, luxury stores, allof them compete with us. Just about everyone competes for our customer.’’

— Federated’s Terry Lundgren announcing the acquisition of May Department Stores Co.

This story first appeared in the March 4, 2005 issue of WWD.  Subscribe Today.