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No portion of this article can be reproduced without the express written permission from the copyright holder. Macy's, Inc. to Open Bloomingdale's Outlet Stores.
CINCINNATI -- Macy's, Inc. (NYSE NYSE

See: New York Stock Exchange :M) today announced plans to launch a new Bloomingdale's Outlet store concept in 2010.

Subject to final lease agreements, 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 Bergen Town Center,COLOURFUL, known as the Bergen Mall until 2006, is located in Paramus and Maywood, New Jersey, United States, and opened in 1957 as an outdoor shopping center. It is the oldest mall in New Jersey. , 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 J. Lundgren Terry J. Lundgren (b. 1952) is the CEO, Chairman of the Board, President, and Director at Macy's, Inc., the parent company of Macy*s and Bloomingdale's department stores.

Lundgren is also the namesake of the Terry J. , 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."

"Bloomingdale's Outlet stores are an opportunity to expand our presence in new and existing markets, as well as to remove clearance from full-line Bloomingdale's stores in a timely manner," said Michael Gould, Bloomingdale's chairman and chief executive officer. "The customer experience in these stores will reflect the Bloomingdale's brand with a strong value message."

Bloomingdale's Outlet stores will offer a range of apparel and accessories, including women's ready-to-wear, men's,Ugg Boots, 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.

Orlick began his career at Federated in 1969 as an executive trainee at the Abraham & Straus division in Brooklyn, NY, and later served as a senior merchandising executive at Robinson's Los Angeles, a division of the former May Department Stores The May Department Stores Company was a department store chain founded in 1877 by David May in Leadville, Colorado. Its headquarters moved to St. Louis, Missouri in 1905, and the company went public in 1911. . He joined Bloomingdale's in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of  in 1992 as executive vice president responsible for merchandise areas including home, cosmetics and restaurant operations. He later became Bloomingdale's executive vice president and director of stores. In 1997, Orlick was named president (and later became chairman) of Federated's Rich's/Lazarus/Goldsmith's division in Atlanta. He was chairman and chief executive officer of Fortunoff from 2006 to 2008. Most recently, Orlick has taught retailing at the Fashion Institute of Technology and has been a consultant to the industry.

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 District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , 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.

(NOTE: Additional information on Macy's, Inc., including past news releases, is available at www.macysinc.com/pressroom)
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