Macy's Inc. is betting on the fast-growing Phoenix market and on Las Vegas, which has been hard-hit by the economic slowdown.
The retailer said Tuesday it will unveil a 120,000-square-foot unit next April at SanTan Village in Gilbert, Ariz. In fall 2010, a 120,000-square-foot unit will open at Estrella Falls in Goodyear, Ariz., and a 150,000-square-foot two-level store is to open at CityNorth in the Northeast Valley of Phoenix.
By the end of 2010, Macy's plans to operate 11 stores in the Phoenix-Scottsdale metropolitan area. The company said it is following the population, which is moving from Scottsdale to the north and southwest.
In addition, a 180,000-square-foot store at the Shops at Summerlin Centre in west Las Vegas is scheduled to open in fall 2009. The General Growth Properties project, an open-air regional center, is rising near the new western portion of the Las Vegas beltway. Macy's two-level store will offer apparel and accessories for men, women and children, and merchandise for the home.
"West Las Vegas is one of the country's fastest-growing suburban markets, and we look forward to expanding the merchandise and service in this market," said Jeff Gennette, chairman and chief executive officer of Macy's West, the division responsible for the Arizona and Las Vegas markets. The new store will give Macy's five units in the Las Vegas area.
"This is a difficult period right now, but we expect the [Las Vegas] economy to bounce back at some point," a Macy's spokesman said. "This is growth for the future."
In Arizona, SanTan Village, a 3 million-square-foot mixed-use project, will have 1.2 million square feet of regional shopping space with Dillard's Inc. and 130 specialty shops. Estrella Falls has received a commitment from Dillard's, but the lease has yet to be signed. Both projects are being developed by Westcor.
"From the perspective of Estrella Falls, Macy's validates our long-term vision of developing a regional destination in a highly underserved market," said Garrett Newland, vice president of development for Westcor.
The Related Cos. and Thomas J. Klutznick Co.'s CityNorth will have 1.25 million square feet of retail space, including anchors Nordstrom and Bloomingdale's.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews