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L. S. Ayres
L. S. Ayres and Company was an Indianapolis, Indiana, department store founded in 1872 by Lyman S. Ayres. Over the years its Indianapolis flagship store, which opened in 1905 and was later enlarged, became known for its women’s fashions and Tea Room, holiday events and displays, and the basement budget store. As urban populations shifted to the suburbs, Ayres established branch stores in new shopping centers in several Indiana cities. Ayres also acquired retail subsidiaries in Springfield, Illinois, Fort Wayne, Indiana, and Louisville, Kentucky. Ayr-Way, the Ayres discount store subsidiary, became one of the first discount store divisions launched by a traditional store. By the end of the 1960s Ayres had become a diversified merchandising business with retail department stores, a chain of discount stores, specialty clothing stores, a home furnishings showroom, and a real estate holding company. A long-time Ayres slogan, "That Ayres Look", promoted the company as a fashion leader and by 1972 it had become the oldest continuous retail slogan in the United States.
Associated Dry Goods acquired Ayres in 1972. After the May Department Stores Company acquired Associated Dry Goods in 1986 several Ayres stores were closed. The flagship store in Indianapolis announced in 1991 that it would close its doors (in Spring of 1992) as the remaining Ayres operation merged with Famous-Barr, a division of May Department Stores. After Federated Department Stores acquired Macy’s and the May Company, Ayres was subsumed into Macy’s. In 2006 the Ayres name disappeared from its stores. Most former Ayres locations are now part of Macy's, while the one-time downtown Indianapolis flagship location today houses a Carson's store.
==History==
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