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Macy’s, Inc. (NYSE:M) today announced plans to open three new Macy’s stores in the Phoenix market within the next two years. In April 2009, a 120,000 square-foot, one-level store will open at SanTan Village in Gilbert, AZ. In fall 2010, a 120,000 square-foot, one-level store is expected to open at Estrella Falls in Goodyear, AZ, and a 150,000 square-foot, two-level store is expected to open at CityNorth in the Northeast Valley of Phoenix.
By the end of 2010, Macy’s will operate 11 stores in the Phoenix/Scottsdale metropolitan area.
“We are very excited to expand our presence throughout the growing Phoenix/Scottsdale region,” said Jeff Gennette, chairman and chief executive officer of Macy’s West, the division responsible for the Arizona market. “The fashion and affordable luxury that Macy’s delivers is important to our customers in Arizona, and these new locations will provide additional convenience and access for our shoppers.”
Each of the new locations will offer apparel and accessories for the family, along with selected merchandise for the home. The stores will be designed specifically for the open-air, lifestyle-center concept including a new “main street” entrance configuration and an emphasis on natural lighting via skylights and exterior windows.
The developer of SanTan Village and Estrella Falls is Santa Monica, Calif.-based Macerich. CityNorth is being developed by The Related Companies and Thomas J. Klutznick Company.
Macy’s West is headquartered in San Francisco and operates 259 Macy’s stores in 13 states and Guam.
Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2007 sales of $26.3 billion. The company operates more than 850 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, bloomingdales.com and Bloomingdale's By Mail. Prior to June 1, 2007, Macy’s, Inc. was known as Federated Department Stores, Inc.