Lyman S. Ayres II

At the age of twenty-one, he replaced his middle name with the initial S. Lyman II graduated cum laude from Yale University.

In 1940–41 Ayres and his wife participated in the design of Twin Oaks, their Colonial Revival residence in Indianapolis.

William and Laura Weaver subsequently purchased the home and leased it to the Indiana Historical Society.

[6] Lyman II worked in several capacities at the store before joining the company's executive team as a vice president and a member of its board of directors in 1940, following the death of his father.

James A. Gloin succeeded Ayres as president of the company in 1962, ending nearly a hundred years of continuous family leadership of the retail department store.

)[8] With Lyman II at the helm, the company expanded from a single department store in Indianapolis into a diversified merchandising business by the end of the 1960s.

Carson Pirie Scott moved into the former Ayres flagship store location in downtown Indianapolis in 2007.