CINCINNATI--(BUSINESS WIRE)--Macy’s, Inc. (NYSE:M) today announced it will open new Bloomingdale’s Outlet stores in November 2015 in The Shops at Liberty Place (1625 Chestnut St.) in Center City Philadelphia and in Westfield Mission Valley in San Diego.
These two openings will bring the number of Bloomingdale’s Outlet stores to 16. Currently, 13 Bloomingdale’s Outlet stores operate in nine states. A previously announced new location also will open in November 2015 at 2085 Broadway (on the northwest corner of 72nd Street) in the heart of Manhattan’s Upper West Side.
The new Philadelphia and San Diego outlets each will be approximately 20,000 square feet on one level and offer a range of off-price apparel and accessories, including women's ready-to-wear, men's, children's, women's shoes, fashion accessories, jewelry, handbags and intimate apparel – all delivering a compelling combination of fashion, quality and value.
“We are excited about the continued expansion of Bloomingdale’s Outlet stores,” said Tony Spring, chairman and chief executive officer of Bloomingdale’s. “In addition to our upcoming Manhattan location, Philadelphia and San Diego are powerful markets with outstanding destinations for our customers. We look forward to serving both communities with great value, savings, and style.”
The Bloomingdale’s Outlet concept was first introduced in 2010 and has grown to include stores in California, Florida, Illinois, Massachusetts, New Hampshire, New York, New Jersey, Texas, Virginia and now Pennsylvania.
Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2014 sales of $28.105 billion. The company operates about 885 stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet and Bluemercury, as well as the macys.com, bloomingdales.com and bluemercury.com websites. Bloomingdale’s in Dubai is operated by Al Tayer Group LLC under a license agreement.
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 and non-recurring charges, competitive pressures from specialty stores, general merchandise stores, off-price and discount stores, manufacturers’ outlets, the Internet, mail-order catalogs and television shopping 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.)
