Macy’s to Build New Store in Salt Lake City Market
August 18 2015 - 9:00AM
Business Wire
Macy’s, Inc. (NYSE:M) today announced it will build a new Macy’s
store at Fashion Place in Murray, UT, one of the Salt Lake City
area’s premier shopping, dining and entertainment destinations.
Construction will begin in early 2016 after the former Dillard’s
building is razed, with an opening planned for spring 2017.
The new Macy’s will be a 160,000-square-foot, two-level store
with a full range of apparel and accessories for women, men and
children, as well as home merchandise. A much smaller Macy’s (of
26,000 square feet) closed in 2014 as part of a major redevelopment
of Fashion Place, which is owned by General Growth Properties,
Inc.
Macy’s currently operates six stores in Utah, including four
locations in the Salt Lake City market. The new Macy’s store is
expected to employ approximately 150 associates.
“Fashion Place is an outstanding shopping destination in one of
America’s fastest-growing regions, and we look forward to returning
with a larger and more modern store that will offer the best of
Macy’s,” said Jeff Kantor, Macy’s chief stores officer. “Our
approach will be to serve customers with a tailored merchandise
assortment and shopping experience that meets the particular needs
and preferences of our Utah customers.”
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).
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150818005179/en/
Macy’s, Inc.MediaJim Sluzewski, 513-579-7764orInvestorMatt
Stautberg, 513-579-7780
Macys (NYSE:M)
Historical Stock Chart
From Mar 2024 to Apr 2024
Macys (NYSE:M)
Historical Stock Chart
From Apr 2023 to Apr 2024