FINANCE

Bloomingdale’s to Open in Dubai

BY CSA STAFF

Cincinnati Macy’s Inc. said Monday it will open Bloomingdale’s stores for the first time outside the United States with two stores—a 146,000-sq.-ft. department store and a 54,000-sq.-ft. home store—in Dubai, United Arab Emirates, in 2010. The openings are part of a strategic relationship with Al Tayer Group LLC, a diversified business company, also located in the United Arab Emirates.

Both locations will be inside The Dubai Mall, which will be one of the world’s largest shopping centers when completed in 2008.

“This will be our company’s first overseas location, and we expect to learn a great deal about how our brands translate internationally,” Macy’s chairman and chief executive Terry J. Lundgren said in a statement. iDubai offers a unique opportunity for Bloomingdale’s. It is a fast-growing, affluent marketplace that has emerged as an international destination for tourism, sporting events and business.”

The Dubai Mall will have more than 1,200 stores, more than 160 food and beverage outlets and a host of leisure attractions including the Dubai Aquarium & Discovery Centre; the world’s largest indoor Gold Souk; Fashion Avenue, a fashion precinct dedicated to haute couture; the Olympic-sized Dubai Ice Rink; an innovative children’s ‘edu-tainment’ centre; and an indoor theme park.

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Gap Inc. expands international presence

BY CSA STAFF

SAN FRANCISCO In another move to expand its international presence, Gap Inc. has announced that Mexico’s leading department store chain will have exclusive rights to sell Gap brand merchandise in a franchise “store-within-a-store” concept.

The company signed a franchise agreement with Distribuidora Liverpool, S.A. DE C.V. and plans to begin selling products in the spring of 2009. Gap Inc. had previously worked with Liverpool through a wholesale agreement and during that time introduced Gap brand apparel in a limited manner to customers in Mexico.

The company also announced today that it has expanded its relationship with Fawaz Alhokair Group to include franchise agreements for Gap and Banana Republic in Egypt and Jordan. Fawaz Alhokair Group recently opened Gap and Banana Republic stores in Saudi Arabia and will now open stores in Egypt and Jordan over the next five years. The first Gap stores are expected to open in Egypt and Jordan for the 2008 holiday season. The first Banana Republic stores are expected to open in Jordan in the spring of 2009 and in Egypt for the 2009 fall season.

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Shopko targets moms with new apparel offerings

BY CSA STAFF

GREEN BAY, Wis. Shopko announced that, beginning this month, it will carry Sag Harbor, Gloria Vanderbilt, Norton McNaughton, and Briggs New York brands to target women, particularly mothers.

The brands, according to Shopko, include a variety of workplace and casual styles.

 

In addition, Shopko is adding national brands to its accessories area with Sag Harbor handbags and a collection of fashion jewelry by Nine & Co., a division of Nine West.

“Our customers have told us they want more fashionable and relevant clothing, and we are excited to bring these national brands to the Shopko customer,” said Jill Soltau, Shopko senior vp of general merchandise and manager of apparel and accessories. “We will continue to respond to the needs of our customers, building on Shopko’s commitment to deliver great merchandise and value.”

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