Macy's Inc. to open Bloomingdale's Outlet stores

CINCINNATI Macy's Inc. announced that it plans to launch a new Bloomingdale’s Outlet store concept in 2010.

The company said that plans call for four new Bloomingdale’s Outlets, each with approximately 25,000 square feet, to open in summer or fall 2010 in the following shopping centers with an upscale outlet store focus:

• Bergen Town Center, Paramus, NJ
• Dolphin Mall, Miami, FL
• Potomac Mills, Woodbridge, VA
• Sawgrass Mills, Sunrise, FL.

Additional Bloomingdale’s Outlet stores are expected to roll out to selected locations across the country in 2011 and beyond.

"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,” said Terry Lundgren, chairman, president and chief executive officer of Macy’s Inc. “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 company also announced that Arnold Orlick, a former division principal of Federated Department Stores (now Macy’s Inc.), will rejoin Bloomingdale’s as SVP for outlet stores in a new role to lead and develop the outlet stores business.