• For Buyers
    • Retail News
    • Products & Suppliers
    • Ecommerce
    • Marketing & Management
    • Trade Show News
  • For Suppliers
    • Supplier News
    • Marketing & Management
    • Importing
    • Manufacturers
    • Warehousing
    • Finance
    • Show Exhibiting
  • Wholesale 101
  • Trade Show Calendar
  • Wholesale Products
  • New Suppliers
Facebook Twitter Instagram
Thursday, February 9
  • Subscribe
  • Submit Content
  • About Us
    • Contact Us
  • Advertise
    • Display Advertising
    • Email Marketing Campaigns
    • Newsletter Advertising
    • Sponsored Content
    • Lead Generation Services
  • Top Product Sources
Facebook Twitter Instagram
WholesaleCentral.com Blog
  • For Buyers
    • Retail News
    • Products & Suppliers
    • Ecommerce
    • Marketing & Management
    • Trade Show News
  • For Suppliers
    • Supplier News
    • Marketing & Management
    • Importing
    • Manufacturers
    • Warehousing
    • Finance
    • Show Exhibiting
  • Wholesale 101
  • Trade Show Calendar
  • Wholesale Products
  • New Suppliers
WholesaleCentral.com Blog
Home»For Buyers»Retail News»Bloomingdales to Open Outlet Stores
Retail News

Bloomingdales to Open Outlet Stores

PublisherBy PublisherJanuary 25, 20102 Mins Read
Facebook Twitter Email
Bloomies-110x150.jpg
Share
Facebook Twitter Email

BloomiesIn what has to be seen as a sign of the economic times, high-end department store Bloomingdale’s announced it will be taking its first steps into the outlet store arena. The move was announced last Thursday by Bloomingdale’s parent company Macy’s Inc., and is being perceived as an attempt to attract bargain-conscious shoppers looking for style on a budget.

According to Macy’s CEO Terry J. Lundgren, the company has been looking into the “off-mail outlet business for some time, and the timing now is right given the consumer’s particular focus on value in addition to fashion and quality.”

Other high-end department stores, such as Nordstrom’s and Sak Fifth Avenue, have experience benefits from opening up off-price outlets, which seem to not be as susceptible to the economic downturn. And now it looks like Bloomingdale’s is finally following suit.

The first four outlets will open this year in the following locations: the Dolphin Mall in Miami. FL; Bergen Town Center in Paramus, NJ; Sawgrass Mills in Sunrise, FL; and Potomac Mills in Woodbridge, VA. They are planned to open over the course of the summer and fall. It is expected that more outlet openings will be announced in 2011.

The 25,000-square-foot outlets will carry a combination of new merchandise and clearance from Bloomingdale’s traditional stores. As with those traditional stores, this merchandise will include apparel and accessories for women, men and children.Macy’s Inc. has been hit rather hard lately, reporting a loss of $116 million over the first three quarters of 2009, with revenue dropping 14 percent to $15.64 billion. Up until now, the company’s attempts to cut its losses have included job cuts, lower capital spending, aggressive cost-cutting and reducing contributions to employee retirement funds.

Share. Facebook Twitter Email
Previous Article3D Moves Beyond Belts
Next Article Licensed Sports Gear at Closeout Prices

Related Posts

5 Essential Tax Season Preparation Tips

January 24, 2023

Technology to Prepare Your Store for the Future

January 19, 2023

2023 Retail Success Guide

January 5, 2023
Sign Up for Buyer Updates
WholesaleCentral.com

Join the Buyer's Network

Get news & updates only for retailers.

Latest Posts

Overstock Liquidations

January 25, 2023

5 Essential Tax Season Preparation Tips

January 24, 2023

Top 10 Closeout & Liquidation Suppliers

January 20, 2023

Technology to Prepare Your Store for the Future

January 19, 2023

Best Video Marketing Tips for Retailers

January 19, 2023

Winning With General Merchandise

January 18, 2023
how-to
Product News

Overstock Liquidations

January 25, 20236 Mins Read

Overstock inventory refers to the excess goods or merchandise that a retailer has on hand…

Retail News

5 Essential Tax Season Preparation Tips

January 24, 202310 Mins Read

Are you ready for tax season? April 18 is approaching quickly, and many day-to-day decisions…

Wholesale 101 for Buyers

How to Create a Google Business Profile

January 18, 20236 Mins Read

Looking for new ways to get your brand noticed? Creating a Google Business Profile can…

Retail News

Using Color Theory in Window Displays to Increase Foot Traffic

December 1, 20224 Mins Read

by Melissa Stivale While we do not often stop to think about how much color…

  • About Us
  • Subscribe
  • Contact Us
  • Advertise
  • Find Wholesale Sources
WholesaleCentral.com

Join the Buyer's Network

Get news & updates only for retailers.

Follow Us:

Copyright © 2023. Sumner Communications, Inc..

Type above and press Enter to search. Press Esc to cancel.