Bloomingdale's to Open in Dubai in 2010.CINCINNATI -- Macy's, Inc. (NYSE NYSE See: New York Stock Exchange :M) today announced that the first Bloomingdale's stores outside of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. will open in February 2010 in Dubai, United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. (UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. ), as part of a strategic relationship with Al Tayer Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a leading UAE-based company with diversified businesses. Two Bloomingdale's locations List of locations of Bloomingdale's, a chain of upscale American department stores. Current locations Future locations are in italic. California
Some or all of this information may be speculative, and the content may change as building construction begins. , which will be one of the world's largest shopping centers when completed in late 2008. The store's merchandise assortment, upscale ambience and high level of customer service will be similar to Bloomingdale's in the United States, while being sensitive to local preferences and customs. "This will be our company's first overseas location, and we expect to learn a great deal about how our brands translate internationally," said Terry J. Lundgren Terry J. Lundgren (b. 1952) is the CEO, Chairman of the Board, President, and Director at Macy's, Inc., the parent company of Macy*s and Bloomingdale's department stores. Lundgren is also the namesake of the Terry J. , chairman, president and chief executive officer of Macy's, Inc., parent company of Bloomingdale's. "Dubai offers a unique opportunity for Bloomingdale's. It is a fast-growing, affluent marketplace that has emerged as an international destination for tourism, sporting events and business." "With established expertise in retail, spanning multiple sectors, we are delighted to bring an iconic brand such as Bloomingdale's to the UAE. Being luxury retail pioneers in the region, we are confident of introducing and operating Bloomingdale's in the UAE to the level of century-long success that it has enjoyed in its home market, the United States," said Obaid H Al Tayer, chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Al Tayer Group. "Bloomingdale's is a national fashion store with an international reputation," said Michael Gould Not to be confused with Mick Gould or Michael Gould (actor). Michael Gould is the Chairman and CEO of Bloomingdale's, a division of Federated Department Stores. Gould received his B.A. , chairman and chief executive officer of New York-based Bloomingdale's. "Our Dubai store will feature the events, theater of retailing, visual excitement and outstanding contemporary luxury brands that customers associate with Bloomingdale's. The Dubai store will allow us to serve existing customers who are frequent world travelers. In addition, a prominent location in The Dubai Mall will help introduce Bloomingdale's to new shoppers and allow us to build new international customer relationships." The stores will be managed and operated by Al Tayer Insignia, a company of Al Tayer Group, under a licensing agreement. Al Tayer Group was represented in the deal by Marvin Traub Associates Inc. Michael Steinberg provided strategic support to Macy's, Inc. (Traub and Steinberg are former division principals at Macy's, Inc. Traub was chairman and CEO of Bloomingdale's. Steinberg was chairman and CEO of Macy's West.) About Bloomingdale's Bloomingdale's is America's only nationwide, full-line, upscale department store and a division of Macy's, Inc. It was founded in 1872 and currently operates 40 stores in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Jersey, Massachusetts, Pennsylvania, Maryland, Virginia, Illinois, Minnesota, Georgia, Florida, Nevada and California. For more information, or to shop any time, visit www.bloomingdales.com. About Macy's, Inc. Macy's, Inc., with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2007 sales of $26.3 billion. The company operates more than 850 department stores in 45 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , 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 Connected and treated as one. See federated database and federated directories. Department Stores, Inc. About Al Tayer Group Al Tayer Group is a diversified regional business established in 1979 with its headquarters in Dubai, UAE. Since its inception, the Group has grown rapidly and currently operates in 12 countries in the Middle-East and beyond, with over 6500 employees of 85 nationalities. It has built leading operations in multiple sectors, including automotive, contracting, distribution, publishing, retail, and services. Al Tayer Group represents over 600 global leading brands that span from Ferrari, Ford, Land Rover and Jaguar, among others, in the automotive sector to brands like ABB n. 1. Among weavers, yarn for the warp. Hence, Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s and Danzas in services. In retail, Al Tayer Group has firmly anchored its position as a leader in the Middle East through the representation of major brands such as Harvey Nichols, Armani, Gucci, Emilio Pucci, Bvlgari, and Boucheron, to name but a few. In addition, the Group has created and built a network of dedicated home-grown retail chains in fashion, jewellery & watches, perfumes & cosmetics, as well as interiors & furnishings. Complementing its position in luxury retail, the Group's portfolio also includes leading lifestyle brands such as Gap and Banana Republic. About Al Tayer Insignia Al Tayer Insignia is the largest luxury retailer in the Middle East and a company of Al Tayer Group, a UAE-based diversified business conglomerate. Al Tayer Insignia represents over 30 of the world's most renowned luxury brands and operates 64 stores in the region. Al Tayer Insignia currently employs over 1,000 people and is headquartered in the UAE, with operations in Bahrain, Lebanon and Qatar. Al Tayer Insignia will expand its operations to Kuwait and The Kingdom of Saudi Arabia in 2009. Among the brands currently in its portfolio are Bvlgari, Boucheron, Bottega Veneta, Dolce dol·ce Music adv. & adj. In a gentle and sweet manner. Used chiefly as a direction. [From Italian, sweet, from Latin dulcis.] Adv. 1. & Gabbana, Giorgio Armani, Gucci, Sergio Rossi and Yves Saint Laurent, to name but a few. Al Tayer Insignia is also responsible for opening and operating the largest Harvey Nichols store outside the United Kingdom, at the Mall of the Emirates The Mall of the Emirates is a shopping mall in Dubai, United Arab Emirates. It is currently owned by Majid Al Futtaim (MAF Holding). It is currently the largest shopping mall in the Middle East, although the Dubai Mall, which is under construction by Emaar, and Mall of Arabia will in Dubai. All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements are based upon the current beliefs and expectations of Macy's management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed transactions, prevailing interest rates, competitive pressures from specialty stores, general merchandise stores, manufacturers' outlets, off-price and discount stores, new and established forms of home shopping (including the Internet, mail-order catalogs and television) and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the Securities and Exchange Commission. (NOTE: Additional information on Macy's, Inc., including past news releases, is available at www.macysinc.com/pressroom) |
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