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On February 27, 2024, Macy's announced that it would be shuttering 150 locations by 2026, roughly 30% of its total store amount, to focus on small-format stores and an expansion of both Bloomingdale's and Bluemercury. 50 locations were initially set to close in 2024 alone, and the iconic flagship location in San Francisco's Union Square was ...
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
Bloomingdale's Inc. is an American luxury department store chain founded in 1861 by Joseph Bloomingdale and Lyman Bloomingdale. It was acquired by Federated Department Stores in 1930, which purchased the Macy’s department store chain in 1994, when they became sister brands.
Bloomingdale’s 150th Anniversary Exclusive Collection: On Sept. 8, Bloomingdale’s will launch a selection of over 300 exclusive products and styles developed in partnership with top brands and ...
Bloomingdale’s, which operates department stores and outlets, launches its third format today called Bloomie’s — but there could be a fourth in the not-so-distant future. “We are going to ...
Bloomingdale’s is launching a small-store concept to help drive expansion, WWD has learned. The new format will be called “Bloomie’s,” long a commonly used nickname for the retailer. The ...
In 1988, the company followed with the purchase of Federated Department Stores, owner of Bloomingdale's. Campeau retained banker Bruce Wasserstein to assist with the transactions. The purchases were criticized by The New York Times , which noted "recent LBO's benefited the target companies' shareholders who received high takeover prices.
In 2001, Macy's announced that two Stern's stores will close in the same year, and reopen as Bloomingdale's stores in 2002; Bridgewater was one of them. [23] The other store that was affected was the Wayne location, located at the Willowbrook Mall. [24] In 2003, upscale seafood chain McCormick & Schmick's opened. [25]