BLOOMINGDALE’S TO OPEN STORE IN KUWAIT

Macy’s, Inc. has announced that a Bloomingdale’s store is planned to open in spring 2017 in Kuwait as part of a strategic partnership with Al Tayer Group LLC, a leading UAE-based company with diversified business. This will be Bloomingdale’s second international location (the first opened in Dubai in 2010) and ahead of Macy’s and Bloomingdale’s stores scheduled to open in Abu Dhabi in 2018 – all in partnership with Al Tayer. Construction will begin later this year.

The 93,000-square-foot Bloomingdale’s store on three levels will be constructed to anchor the 360 Mall in Al Zahra, one of the most upscale and successful commercial and residential areas of Kuwait. It will offer an edited merchandise assortment, ambience and customer service similar to Bloomingdale’s shopping experience in the United States, while also being responsive to local preferences and customers.

“Bloomingdale’s in Kuwait is another step forward in our strategy for capitalizing on the international potential of Macy’s and Bloomingdale’s, both of which are well-known retail brands around the world,” said Terry Lundgren, chairman and chief executive officer of Macy’s, Inc. “We are continuing to learn how best to translate these outstanding brands for our international customers, and we expect the new store in Kuwait to build on Bloomingdale’s experience and success in Dubai.”

“Kuwait is one of the world’s most sophisticated and upscale fashion markets, and Bloomingdale’s is excited to serve new and existing customers from Kuwait,” said Tony Spring, Bloomingdale’s chairman and CEO. “We believe we will bring a new dimension in fashion and style for which Bloomingdale’s is known worldwide.”