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Bloomingdale's to Open First Store in Phoenix

CINCINNATI--(BUSINESS WIRE)--Feb. 14, 2008--Macy's, Inc. (NYSE:M) today announced plans to open a Bloomingdale's in the new CityNorth development in the Northeast Valley area of Phoenix in fall 2009.

This will be Bloomingdale's first store in Arizona and its 10th store in the western United States. Construction is expected to begin in fall 2008.

"We look forward to bringing Bloomingdale's unique merchandise, style and flair to central Arizona," said Michael Gould, Bloomingdale's chairman and chief executive officer. "We believe that Bloomingdale's will provide a unique shopping experience for Phoenix, based on distinctive assortments and attentive and personalized service for which we are well-known."

The new store will be approximately 180,000 square feet on three levels and will feature distinctive, upscale apparel and home merchandise with a focus on contemporary designer, bridge and luxury brands.

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 Jersey, Massachusetts, Pennsylvania, Maryland, Virginia, Illinois, Minnesota, Georgia, Florida, Nevada and California. For more information or to shop any time, visit www.bloomingdales.com.

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, 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 Department Stores, Inc.

CONTACT: Macy's, Inc.
Media - Jim Sluzewski, 513-579-7764
Investor - Susan Robinson, 513-579-7780

SOURCE: Macy's, Inc.


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