REAL ESTATE

Macy’s to launch Bloomingdale’s outlet store concept

BY CSA STAFF

Cincinnati Bloomingdale’s is going the way of such upscale department stores as Nordstrom and Saks Fifth Avenue and getting into the outlet business, Macy’s Thursday announced plans to launch a Bloomingdale’s Outlet store concept in 2010, with four locations scheduled to open in summer or fall. Additional Bloomingdale’s Outlet stores are expected to roll out to selected locations across the country in 2011 and beyond.

The initiative is being headed up by Arnold Orlick, a former division principal of Federated Department Stores (now Macy’s). He will rejoin Bloomingdale’s as senior VP outlet stores to lead and develop the outlet stores business.

“Bloomingdale’s Outlet stores are an opportunity to expand our presence in new and existing markets, as well as to remove clearance from full-line Bloomingdale’s stores in a timely manner,” said Michael Gould, Bloomingdale’s chairman and CEO. “The customer experience in these stores will reflect the Bloomingdale’s brand with a strong value message.”

The announced locations include stores, all of which are subject to final lease agreements, include: Bergen Town Center, Paramus, N.J.; Dolphin Mall, Miami; Potomac Mills, Woodbridge, Va.; and Sawgrass Mills, Sunrise, Fla.

“We have been studying the opportunities for entering the off-the-mall outlet business for some time, and the timing now is right given the consumer’s particular focus on value in addition to fashion and quality,” said Terry J. Lundgren, chairman, president and CEO of Macy’s. “The first Bloomingdale’s Outlet stores will be in excellent, high-traffic locations. Our real estate developer partners have been very supportive and encouraging as we pursued this strategy.”

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Safeway promotes ‘The Market’ with swag

BY CSA STAFF

SAN JOSE, Calif. Safeway announced that it is promoting its new “The Market by Safeway” store concept in San Jose, Calif., by hosting a three-day “Swag-apalooza event on the San Jose State University campus Jan. 26 to Jan. 28.

Brand ambassadors for The Market will be on campus to inform students about its products and services, the company reported. Students will also have the chance to win such prizes as free pizza, energy drinks and $10 gift cards. Brand Ambassadors will also distribute free music download cards as well as offer students a chance to to win a  50” flat screen TV, Xbox, futon and mini-fridge stocked with food.

The Market was introduced in August, 2009 and occupies 24,000 square feet on the ground floor of The 88 apartment tower, at 2nd and San Fernando in San Jose, Calif.

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Best Buy promotes TV deals

BY CSA STAFF

MINNEAPOLIS Best Buy this week is promoting deals on televisions and other home theater products.

With the Super Bowl coming soon, Best Buy announced that, through Feb. 6, it is offering the Samsung 46-inch 1080p LED TV (Model: UN46B6000VF) for $1,599.99 — a savings of $900.00. And this week only, customers looking for a complete home theater make-over can purchase that Samsung 46-inch 1080p LED TV, along with a Samsung soundbar and WiFi Bluray player, Rocketfish HDMI cable, and Geek Squad installation for only $1,999.99 — a savings of more than $1,400.00. Both offers, as well as any TV over $999.00, are eligible for three-year financing, free delivery and free recycling.

“For decades, Best Buy has delivered a superior viewing experience for sports fans looking to enjoy game day from the comfort of their living rooms,” says Josh Will, vice president of Home Theater, Best Buy. “We offer in-home consultation, superior product selection and installation services, as well as some of the best values in the industry to give our customers a home theater experience that fits their individual needs.”

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