Hecht's was founded and was operated for over a century (1857–1959) as a family firm. It was purchased in 1959 by The May Department Stores Company which in turn, was acquired by Federated Department Stores on August 30, 2005. On February 1, 2006, Federated dissolved the former May Company divisions, and the existing Hecht's stores were divided between Macy's East and Macy's South, with stores in Delaware, the District of Columbia, Maryland, New Jersey, Pennsylvania, and Northern Virginia going to the former and stores in North Carolina, Tennessee, and the rest of Virginia (roughly much of the former Thalhimers territory) going to the latter. The replacement Hecht's store in Chevy Chase, Maryland, took the Bloomingdale's name. On September 9, 2006 the Hecht's name was phased out in favor of the nationally known Macy's.