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Macy's Announces Plans for New Stores in Vegas, Phoenix

May 16, 2008

Despite a sluggish economy, Macy's, Inc. announced major expansion plans to open new stores in both Las Vegas and Phoenix. The company said a new Macy's store will open in fall 2009 at The Shops at Summerlin Centre in west Las Vegas. The open-air regional center will be located near the recently completed western portion of the Las Vegas beltway. At 180,000 square feet, the Summerlin Centre location will be a two-level lifestyle store.

This will be the fifth Macy's store in the Las Vegas metropolitan area. It will be operated by the Macy's West division, headquartered in San Francisco.

Macy's also 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, Ariz. In fall 2010, a 120,000-square-foot, one-level store is expected to open at Estrella Falls in Goodyear, Ariz.; 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.


Macy's Announces Plans for New Stores in Vegas, Phoenix

May 16, 2008

Despite a sluggish economy, Macy's, Inc. announced major expansion plans to open new stores in both Las Vegas and Phoenix. The company said a new Macy's store will open in fall 2009 at The Shops at Summerlin Centre in west Las Vegas. The open-air regional center will be located near the recently completed western portion of the Las Vegas beltway. At 180,000 square feet, the Summerlin Centre location will be a two-level lifestyle store.

This will be the fifth Macy's store in the Las Vegas metropolitan area. It will be operated by the Macy's West division, headquartered in San Francisco.

Macy's also 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, Ariz. In fall 2010, a 120,000-square-foot, one-level store is expected to open at Estrella Falls in Goodyear, Ariz.; 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.

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