Macy's to Open Four Bloomingdale's Outlet Stores in 2010
The Wall Street Journal is reporting that Macy's plans to open four Bloomingdale's outlets this year. The retail is also considering opening Macy's outlet stores. Four cities are targeted as outlet destinations including Miami, Florida.
The four initial Bloomingdale's outlets will carry clearance merchandise from mainstream Bloomingdale's stores as well as merchandise supplied specifically for the outlets, Mr. Sluzewski said.
Each outlet will run about 25,000 square feet in high-traffic areas in Miami; Paramus, N.J.; Woodbridge, Va.; and Sunrise, Fla. Bloomingdale's already has stores in those areas but none in the outlet centers.
The article says Macy's may open additional Bloomingdale's outlets in 2011 in addition to the four it plans to open in 2010.
In a statement Terry J. Lundgren, chairman, president and chief executive officer of Macy's, Inc. said, "We have been studying the opportunities for entering the off-the-mall outlet business for some time, and the timing now is right given the consumer’s particular focus on value in addition to fashion and quality. The first Bloomingdale's Outlet stores will be in excellent, high-traffic locations. Our real estate developer partners have been very supportive and encouraging as we pursued this strategy."
The Wall Street Journal is 
