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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.
The retailer plans to open 15 Bloomingdale's stores and 30 Bluemercury locations over the next three years, while also remodeling about 30 existing Bluemercury stores, the company said. ...
Macy's changed the nameplate of these three chains and Bullock's to Macy's, or in some cases, turned locations into Bloomingdales. In 2003, Federated changed the nameplates of almost all their remaining non-Macy's stores – the lone exception was Bloomingdales – to include the Macy's name, a rebranding internally dubbed Project Hyphen.
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 ...
Macy's plans to close 50 stores in 2024 and 150 locations in total by 2026. The department store chain will expand Bloomingdale’s and Bluemercury.
At its namesake stores, sales at stores opened at least a year fell 6% including its licensed business during the latest quarter, while the metric at Bloomingdale's was down 1.5%. The company expects profit for the current fiscal year in the range of $2.45 to $2.85 per share, while sales should range from $22.2 billion to $22.9 billion.
Macy's plans to close 50 stores in 2024 and 150 locations in total by 2026. The department store chain will expand Bloomingdale’s and Bluemercury.
In November 2006 Bloomingdale's relocated its Women's store from the adjacent Chestnut Hill Shopping Center to the former Filene's, thereby giving The Mall at Chestnut Hill a Bloomingdale's at both the east and west ends. The mall was renovated in the fall of 2006 to coincide with the opening of the expanded Bloomingdale's.
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