MACY'S TO OPEN NEW
STORE IN KANSAS

CINCINNATI, OH - Macy's, Inc. will open a new store at Summit Fair in Lee's Summit, MO, in the metropolitan Kansas City area. The open-air lifestyle center will be located at 50 Highway and Chipman Road in southeast Jackson County. Construction will begin in Fall, 2008, with opening set for Fall, 2009.

The 120,000 sq. ft. Summit Fair location will be a new format for a one-level lifestyle store. It will feature a full range of apparel, and accessories for men, women and children, along with selected products for the home.

"We are very pleased to be expanding our stores in the important Kansas City market," said William P. McNamara, chairman and CEO of Macy's Midwest. "Summit Fair will be a great, new shopping destination in Lee's Summit. We look forward to building on our strong presence in the community and are dedicated to delivering customers the style, quality and value they expect from Macy's."

This will be the sixth Macy's store in the Kansas City metropolitan area. It will be operated by the Macy's Midwest division, headquartered in St. Louis.  Construction will begin in Fall 2008 and opening is planned for Fall 2009.

Summit Fair is being developed by Red Development in partnership with CBL & Associates Properties, Inc.

11.20.07