2005 May Department Stores was bought by Federated Department Stores, which then renamed itself after its flagship store, Macy's. The store (and many other venerable department store names owned by Federated) became “Macy’s”, amid public sadness at the passing of an era, just before the store’s 150th birthday. Quoted from Wikipedia
When Meier arrived in Portland in 1857, he was one of 1,300 residents who made their home in the fledgling Oregon Territory community, founded 13 years earlier. Although Portland had yet to complete the transition from town to city, the community's distinction as a major commercial hub along the Pacific Coast would not be long in coming.