MORE FEDERATED FAREWELLS: Federated Department Stores this spring will close two stores affiliated with its Macy’s East division at the Riverchase Galleria in Birmingham, Ala., and Augusta Mall in Augusta, Ga. The stores’ 337 employees will be offered either other positions or severance packages. Federated expects restructuring charges of $35 million to $40 million because of the closure of the two units and three Lazarus stores in the Midwest, announced earlier this month. As reported, Federated one week ago said it would either close or sell the assets of its Fingerhut operation.

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