5TH MAGNIN’S UNIT TO BECOME BULLOCK’S
NEW YORK — Federated Department Stores Inc. said Friday that its I. Magnin store in the Palos Verdes Mall in southern California will start operating as a Bullock’s unit by Feb. 25, 1995.
Federated received permission from Hahn Development Co., owner of the mall, for the conversion.
The I. Magnin division of R.H. Macy & Co., which is being merged into Federated, is being liquidated. Bullock’s has been a division of Macy’s.
Four other Magnin units, in Palm Desert, Woodland Hills, Palo Alto and Walnut Creek, will become Macy’s or Bullock’s stores, Federated said. The company is trying to sell the remaining eight, but additional conversions could be made.