MACY'S AND BLOOMINDALE'S TO
OPEN IN ABU DHABI IN 2018
CINCINNATI - Macy's, Inc. announced that Macy's and Bloomingdale's stores plan
to open in Abu Dhabi, United Arab Emirates (UAE) in 2018 as part of a strategic
partnership with Al Tayer Group LLC, an UAE-based company with diversified
businesses. This will be Macy's first international store location and the
second for Bloomingdale's.
The Macy's and Bloomingdale's stores will anchor Al Maryah Central, a new
super-regional shopping destination on Al Maryah Island being developed by Gulf
Related, a joint venture between Related Companies and Gulf Capital. The
3.1-million-square-foot mixed-use development will include retail, cafés and
restaurants, extensive entertainment options, a cinema, health club, luxury
hotel and residential towers.
The Macy's (205,000 sq. ft. on four levels) and Bloomingdale's (230,000 sq. ft.
on four levels) stores will offer a merchandise assortment, ambience and
customer service similar to each brand's shopping experience in the United
States, while also being sensitive to local preferences and customers. The
stores will be operated by Al Tayer Group under license agreements with Macy's,
Inc. Al Tayer Group also opened and operates the highly successful
Bloomingdale's which opened in Dubai in 2010.
"As a new world-class shopping destination, Al Maryah Central provides an
outstanding opportunity to introduce Macy's to customers who live and work in
the booming UAE market, as well as to visitors who come from around the world
for events, business and holidays," said Terry Lundgren, Macy's, Inc. chairman
and chief executive officer.
"We are continuing to study various international markets and to better
understand how customers worldwide shop in stores, online and via mobile. While
macys.com and bloomingdales.com have been selling online in about 100 nations
since 2011, we are especially interested in the omnichannel dynamics of
worldwide markets, and the role that physical stores play in that equation.
While we continue to evaluate store development opportunities around the world,
we are committing now to take advantage of this unique opportunity in Abu Dhabi
with two partners who we know very well, Al Tayer Group and Gulf Related, with
the development of Al Maryah Central," Lundgren said.
"Bloomingdale's has been a standout success in Dubai, and we look forward to
expanding our business into Abu Dhabi," said Tony Spring, chairman and chief
executive officer of Bloomingdale's.
"We are delighted to extend our successful partnership with Macy's Inc., with
the launch of Macy's and Bloomingdale's in Abu Dhabi. Having recorded almost
five successful years with Bloomingdale's-Dubai, we are confident that the
offering from Macy's will have an equally strong appeal in the Middle East
region," said Khalid Al Tayer, chief executive officer - retail, Al Tayer Group.
11.02.14
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