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Macy's announces closure & new store openings

05 Jan '12
5 min read

Bloomingdale's Store Closings
Bloomingdale's will close the following four stores in early spring 2012. Final clearance sales at these locations will begin on Sunday, Jan. 8, and run for approximately 10 weeks.

• Perimeter Mall, Atlanta, GA (234,000 square feet; opened in 2003; 128 associates);
• Oakbrook Home and Furniture, Oak Brook, IL (93,000 square feet; opened in 2003; 50 associates);
• White Flint, North Bethesda, MD (259,000 square feet; opened in 1977; 158 associates);
• Mall of America, Bloomington, MN (233,000 square feet; opened in 1992; 127 associates).

Bloomingdale's Store Openings
Bloomingdale's is planning to open one new store (previously announced) and one replacement store.

As previously announced, a new Bloomingdale's is planned to open in Glendale Galleria in Glendale, CA (120,000 square feet; to open in fall 2013; approximately 175 associates).

In addition, the company is announcing that an all-new Bloomingdale's will be built in Stanford Shopping Center in Palo Alto, CA, to open in spring 2014, subject to completion of a public approval process. The new Stanford Shopping Center store will be built in a smaller format similar to highly successful Bloomingdale's stores opened in recent years in SoHo (New York), Chevy Chase, MD, and Santa Monica, CA.

The new 120,000-square-foot store in Palo Alto will replace an existing Bloomingdale's of 229,000 square feet in the same shopping center. The current Bloomingdale's will remain in operation until the new store is constructed and opened.

At that point, the current store will be razed and replaced by new specialty retail development by Simon Property Group, developer and manager of the shopping center which is owned by Stanford University. Bloomingdale's Stanford Shopping Center store currently employs about 180 associates, and the company plans to maintain a similar workforce in the new store when it opens.

In addition, five new Bloomingdale's Outlet stores will open in 2012, each with about 25,000 square feet and 35 associates:

• Paragon Outlets Livermore Valley in Livermore, CA (to open in fall 2012);
• Merrimack Premium Outlets, Merrimack, NH (to open in spring 2012);
• The Gallery at Westbury Plaza, Westbury, NY (to open in fall 2012);
• The Shops at Park Lane, Dallas, TX (to open in spring 2012);
• Paragon Outlets Grand Prairie in Grand Prairie, TX (to open in summer 2012).

These new locations will bring to 12 the total number of Bloomingdale's Outlets, a new concept launched in fall 2010. Four were opened in 2010, with another three added in 2011.

Bloomingdale's Outlets deliver a compelling combination of fashion, quality and value in a convenient shopping environment. Each Bloomingdale's Outlet store offers 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.

Once all of these changes have been implemented, Bloomingdale's will have a total of 38 full-line and home stores, as well as 12 Bloomingdale's Outlet stores. Bloomingdale's also operates in Dubai under a license agreement with Al Tayer Group LLC.

Macy's Inc

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