Macy’s, Inc. (NYSE:M) today announced it will open two new Macy’s stores
in the Central Valley of California in fall 2009. Both are former
Gottschalks locations for which Macy’s submitted successful bids in the
Gottschalks bankruptcy process.
The stores are located in River Park in Fresno (107,000 square feet;
built in 2004) and Visalia Mall in Visalia (150,000 square feet; built
in 1995). Both are expected to be open prior to the 2009 holiday selling
season after minor remodeling and re-fixturing. Each store is expected
to offer a wide selection of apparel and accessories for the whole
family, as well as a limited assortment of home merchandise. Together,
the two stores are expected to employ about 250 Macy’s associates.
“With these new locations, Macy’s is expanding its presence and serving
new customers in the important Central Valley market,” said Terry J.
Lundgren, chairman, president and chief executive officer of Macy’s,
Inc. “We look forward to offering a locally-focused combination of
fashion and value for which Macy’s is well known, and to being active
members of the community.”
Macy's, Inc., with corporate offices in Cincinnati and New York, is one
of the nation's premier retailers, with fiscal 2008 sales of $24.9
billion. The company operates more than 840 department stores in 45
states, the District of Columbia, Guam and Puerto Rico under the names
of Macy's and Bloomingdale's. The company also operates macys.com and
bloomingdales.com. Prior to June 1, 2007, Macy's, Inc. was known as
Federated Department Stores, Inc.
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, changes in
expected synergies, cost savings and non-recurring charges, competitive
pressures from specialty stores, general merchandise stores,
manufacturers' outlets, off-price and discount stores, new and
established forms of home shopping (including the Internet, mail-order
catalogs and television) 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).
Macy’s, Inc.
Media - Jim Sluzewski, 513-579-7764
or
Investor
- Susan Robinson, 513-579-7780
