Macy's expands Bloomingdale's Outlet stores

Macy's (NYSE:M) is opening two new Bloomingdale's Outlet stores in November in Philadelphia and San Diego. The additions will bring the total number of the department store's outlets to 16.

Currently there are 13 Bloomingdale's Outlets in nine states, and a previously announced location will open on Broadway in Manhattan's Upper West Side in New York City 

The newly announced outlets will be in Philadelphia's The Shops at Liberty Place and San Diego's Westfield Mission Valley. They will span about 20,000 sq. ft. on one level and offer everything from apparel to accessories.

"We are excited about the continued expansion of Bloomingdale's Outlet stores," said Tony Spring, chairman and CEO of Bloomingdale's. "In addition to our upcoming Manhattan location, Philadelphia and San Diego are powerful markets with outstanding destinations for our customers. We look forward to serving both communities with great value, savings and style."

The outlet concept was first introduced in 2010. Parent company Macy's made more than $28 billion in sales in 2014 and operates about 885 stores in 45 states.

Last spring, Macy's announced plans to launch a new discount format, Macy's Backstage, starting with four locations in New York City. Thus far, the company has seen the economical benefit to keeping the discount stores located in close proximity to its traditional, main-stay department stores.

For more:
-See this Macy's press release

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