Macy's, Inc. (ticker: M, exchange: New York Stock Exchange (.N))
News Release -
Macy's Announces Two Stores to Open in New Orleans
Macy's Returns in November 2008 Following Hurricane Katrina Damage
CINCINNATI--(BUSINESS WIRE)--Sept. 27, 2007--Macy's, Inc. (NYSE:M)
announced plans today to open two stores in the New Orleans market in
November 2008. A 188,000 square-foot store will reopen at Esplanade,
and a new 228,000 square-foot store will open at Lakeside.
Together, the stores are expected to create approximately 360 new
"Returning to the New Orleans market has been a top priority for
us," said Ed Holman, chairman and CEO of Macy's South, the division
responsible for the Louisiana market. "We're looking forward to
opening both stores and once again being a part of the vibrant,
re-energized and evolving New Orleans community. We are dedicated to
offering the latest in fashion and trend merchandise with outstanding
The Esplanade store, located in Kenner, will be a two-level store
offering a full complement of apparel and accessories for men, women
and children, along with selected products for the home. The store
will be completely remodeled with a spacious and inviting shopping
environment featuring wide aisles and bright lighting. The store also
will incorporate Macy's "Reinvent" elements such as redesigned,
spacious fitting rooms. Renovation of Esplanade is currently under
Groundbreaking for the Lakeside store, located in Jefferson
Parish, is planned for early November 2007. The three-level store will
feature apparel for men, women and children as well as a complete
offering of merchandise for the home. Similar to Esplanade, the
in-store environment will feature an inviting interior and Macy's
Prior to Hurricane Katrina, Macy's operated two stores in the New
Orleans market - at Esplanade, which originally opened in 1986, and a
store at New Orleans Centre, which will not reopen.
Macy's, Inc., with corporate offices in Cincinnati and New York,
is one of the nation's premier retailers, with fiscal 2006 sales of
$27 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.
(NOTE: Additional information on Macy's, Inc., including past news
releases, is available at www.macysinc.com/pressroom).
CONTACT: Macy's, Inc.
Media - Jim Sluzewski, 513-579-7764
Investor - Susan Robinson, 513-579-7780
SOURCE: Macy's, Inc.