Federated Department Stores acquired Macy's in 1994 and The May Department Stores Company in 2005. On February 1, 2006, Ayres was subsumed into the newly created Macy's Midwest (now Macy's Central). Most of the Ayres locations became Macy's stores, with the exception of the Greenwood Park Mall and Castleton Square stores in the Indianapolis suburbs, where the existing Lazarus locations were retained as the surviving Macy's store. The Ayres stores at the Greenwood Park Mall and Castleton Square were later demolished.