10 Sep. 2008
BLOOMINGDALE'S TO LAUNCH SOHO CONCEPT STORESMacy’s, Inc. (NYSE: M) announced plans today to open three new Bloomingdale's stores, including two based on Bloomingdale’s SoHo store in New York City. News of the rollout follows a previous announcement of a new Bloomingdale's opening in Phoenix, AZ, in 2010.
The boutique concept stores will be the first to roll out outside of Manhattan, and are expected to be smaller than the traditional Bloomingdale's store and offer tight assortments of contemporary men's and women's merchandise tailored to local markets.
The first, scheduled to open in 2010, will be a 105,000-sq-ft, two-level store at Santa Monica Place in Santa Monica, CA, and will replace the current Macy’s store in the complex that will eventually become an upscale, open-air retail destination. Macy’s will officially close next February.
The following August in 2011 will see an 82,000-sq-ft, three-level store open in Georgetown Park in the Georgetown area of Washington, D.C. Bloomingdale’s will open another 150,000-sq-ft, three-level store at Westfield Valley Fair in San Jose/Santa Clara, CA, later in the fall.
Bloomingdale’s already operates three stores in Northern California, eight stores in Southern California and three stores in Washington, DC.
Macerich is the developer behind Santa Monica Place and Westfield is the developer of Westfield Valley Fair. Western Development will oversee Georgetown Park's forthcoming redesign.
Founded in 1872, Bloomingdale’s currently operates 40 stores in New York, New Jersey, Massachusetts, Pennsylvania, Maryland, Virginia, Illinois, Minnesota, Georgia, Florida, Nevada and California. Its parent company Macy's, Inc., with corporate offices in Cincinnati and New York, recorded fiscal 2007 sales of $26.3 billion.
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