MACY’S TO OPEN FOUR
BLOOMINGDALE’S OUTLET STORES

CINCINNATI – Macy's, Inc. plans to open four new Bloomingdale’s Outlet stores, each with approximately 25,000 sq. ft, in the summer or fall of 2010, according to the company.

The new locations, subject to final lease agreements, are Bergen Town Center, Paramus, NJ; Dolphin Mall, Miami, FL; Potomac Mills, Woodbridge, VA,  and Sawgrass Mills, Sunrise, FL.

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

"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 J. Lundgren, chairman, president and chief executive officer of Macy's, Inc.

"Bloomingdale's Outlet stores are an opportunity to expand our presence in new and existing markets, as well as to remove clearance items from full-line Bloomingdale's stores in a timely manner," said Michael Gould,
Bloomingdale's chairman and chief executive officer.

Bloomingdale's Outlet stores will offer 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.

Arnold Orlick, a former division principal of Federated Department Stores, Inc. (now Macy's, Inc.), will rejoin Bloomingdale's as senior vice president for outlet stores in a new role to lead and develop the outlet stores business.

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