Marshall Field's

Marshall Field & Company, commonly known as Marshall Field's, was a department store in Chicago, Illinois, that grew to become a chain before being acquired by Macy's, Inc. in 2005.The former flagship Marshall Field and Company Building location on State Street in the Loop of downtown Chicago was officially renamed Macy's on State Street in 2006 and is now one of four national Macy's flagship stores.HistoryEarly yearsMarshall Field & Company traces its antecedents to a dry goods store opened at 137 Lake Street in Chicago, Illinois in 1852 by Potter Palmer, (1826–1902), eponymously named P. Palmer & Company. In 1856, 21-year-old Marshall Field(1834–1906) moved to the booming midwestern city of Chicago on the southwest shores of Lake Michigan from Pittsfield, Massachusetts and found work at the city’s then-largest dry goods firm – Cooley, Wadsworth & Company. Just prior to the American Civil War, in 1860, Field and bookkeeper Levi Z. Leiter, (1834–1904), became junior partners in the firm, then known as Cooley, Farwell & Company. In 1864, the firm, then led by senior partner John V. Farwell, Sr., (1825–1908), was renamed Farwell, Field & Company. only for Field and Leiter to soon withdraw from the partnership with Farwell when presented with the opportunity of a lifetime.