NEW YORK (CNN/Money) - Federated Department Stores announced plans Thursday to convert 330 department stores into Macy's locations nationwide in 2006, pending its merger with May Department Stores.

Federated (Research) also said it had not yet decided to keep the Marshall Field name, but stated that existing Lord & Taylor stores will not be changed into Macy's.

St. Louis-based May (Research) agreed earlier this year to be acquired by Federated in an $11 billion deal. May's shareholders approved the takeover earlier this month. The deal still faces regulatory reviews, but Federated said it expects the transaction to close in the third quarter.

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"Customers have told us they want the fashion and affordable luxury they find in Macy's stores. With this expanded geographic coverage, we now will be positioned to nationally advertise the Macy's brand," Terry Lundgren, Federated's CEO, said in a statement.

In conjunction with the conversion process, Federated said 68 duplicate locations in 66 malls which will be divested starting in 2006. Included are 41 current May stores operating in 12 states under various names, as well as 27 Federated stores operating in 14 states as Macy's.

In addition to the locations being divested, Federated said a small number of stores are being studied for potential conversion to the Bloomingdale's nameplate.

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