Bloomingdale’s to Open New Store in Norwalk, Connecticut

Macy’s, Inc. (NYSE:M) today announced that Bloomingdale’s plans to open a 150,000-square-foot, three-level location in fall 2018 in an all-new shopping, dining and entertainment center being developed in Norwalk, CT, by General Growth Properties (GGP).

The Bloomingdale’s store will include a wide assortment of designer and luxury goods, including women’s apparel, shoes, accessories, beauty, men’s, kids and home. Bloomingdale’s Norwalk store is expected to employ a workforce of approximately 200 associates.

“This spectacular new shopping center will be a distinctive and upscale destination for Fairfield County and surrounding areas, prominently positioned at I-95 and Highway 7,” said Tony Spring, chairman and chief executive officer of Bloomingdale’s. “Our new store will offer an exciting fashion environment and a modern service experience to build upon our strong base of loyal omnichannel customers in the Northeast.”

Norwalk will be the 41st Bloomingdale’s store location. In addition to 37 current stores, new Bloomingdale’s stores are expected to open in fall 2015 in Ala Moana in Honolulu, and in fall 2017 in the Mall at Miami Worldcenter in Miami, FL, and in Westfield Valley Fair Shopping Center in San Jose, CA.

Bloomingdale’s in Dubai is operated by Al Tayer Group LLC under a license agreement, as will a new Bloomingdale’s to open in Abu Dhabi in 2018.

Bloomingdale’s also operates 13 outlet stores in the U.S., with a 14th opening in fall 2015 on the Upper West Side of Manhattan in New York City, as previously announced.

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).