Longstanding Stanford Shopping Center tenant Bloomingdale's will build a smaller store at the mall, its parent company, Macy's, Inc. announced Wednesday (Jan. 4).
The new store is part of an overhaul of Bloomingdale's stores, which the company has found successful in recent years in SoHo (New York), Chevy Chase, Md., and Santa Monica, Calif., according to the announcement.
The new 120,000-square-foot store will reduce by nearly half the store's existing 229,000 square feet. The current Bloomingdale's will remain in operation until the new store is constructed and opened in spring 2014, subject to completion of a public-approval process, the company said.
The current store will be razed and replaced by a new specialty retail development by Simon Property Group, developer and manager of the shopping center, which is owned by Stanford University. Bloomingdale's Stanford Shopping Center store currently has about 180 employees and the company plans to maintain a similar workforce in the new store when it opens, according to Macy's.
"These smaller Bloomingdale's formats offer a dynamic fashion presentation that is edited to reflect the unique marketplace of customers they serve. The new Stanford Shopping Center store is expected to emphasize merchandise categories such as women's and men's apparel, accessories, cosmetics, shoes and home," the company said.
Macy's made the announcement as part of a store-closing and opening press release that includes closing five Macy's and four Bloomingdale's stores throughout the country and opening stores in other locations. Five new Bloomingdale's Outlet stores will open in 2012, each with about 25,000 square feet and 35 employees.