Three New Bloomingdale's Outlet Stores to Open
CINCINNATI--(BUSINESS WIRE)-- Macy's, Inc. (NYSE:M) today announced locations for three new Bloomingdale's Outlet stores to open in fall 2011. They will join the first four Bloomingdale's Outlet stores opened in fall 2010 as the concept was launched.
Stores will open in the following shopping centers with an upscale outlet store focus:
-- Miromar Outlets, Estero, FL (25,000 square feet; opening planned for September 2011); -- Wrentham Village Premium Outlets, Wrentham, MA (24,000 square feet; opening planned for October 2011); -- Woodfield Village Green, Schaumburg, IL (24,000 square feet; opening planned for October 2011).
"Customers tell us that Bloomingdale's Outlets deliver a compelling combination of fashion, quality and value," said Michael Gould, chairman and chief executive officer of Bloomingdale's. "Our first four outlet stores have helped us to learn this business and refine our merchandising and in-store presentation. We continue to see opportunity for growth, and these three new locations will help us to extend the geographic reach of Bloomingdale's Outlets and introduce the concept to new customers."
Bloomingdale's Outlet stores offer a range of apparel and accessories, including women's ready-to-wear, men's, children's, women's shoes, fashion accessories, jewelry, handbags and intimate apparel.
The four initial Bloomingdale's Outlet stores opened in fall 2010 in Bergen Town Center, Paramus, NJ; Dolphin Mall, Miami, FL; Potomac Mills, Woodbridge, VA; and Sawgrass Mills, Sunrise, FL. Based on customer response and opportunities for additional learning, the company is considering additional Bloomingdale's Outlet stores for 2012 and beyond.
Macy's, Inc., with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2010 sales of $25 billion. The company operates about 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's, as well as the macys.com and bloomingdales.com websites. The company also operates four Bloomingdale's Outlet stores.
All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy's management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed transactions, prevailing interest rates, changes in expected synergies, cost savings and non-recurring charges, competitive pressures from specialty stores, general merchandise stores, manufacturers' outlets, off-price and discount stores, new and established forms of home shopping (including the Internet, mail-order catalogs and television) and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the Securities and Exchange Commission.
(NOTE: Additional information on Macy's, Inc., including past news releases, is available at www.macysinc.com/pressroom).
Source: Macy's, Inc.
Released April 25, 2011