Bloomingdale’s to Open New Honolulu Store

  Bloomingdale’s to Open New Honolulu Store

Business Wire

CINCINNATI -- May 17, 2013

Macy’s, Inc. (NYSE:M) today announced that Bloomingdale’s plans to enter the
Hawaii market for the first time in fall 2015 with a 167,000-square-foot,
three-level store to be built in Ala Moana Center in Honolulu on the Island of
Oahu.

The new store will be part of a redevelopment of a portion of Ala Moana,
Hawaii’s premier shopping destination, by General Growth Properties.
Construction will begin in 2014. Bloomingdale's will join a highly successful
Macy’s store which already operates at Ala Moana Center.

The Bloomingdale’s store will include a wide range of designer and luxury
goods, including women’s apparel, shoes, accessories, beauty, men’s, kids and
home. Bloomingdale’s Ala Moana store is expected to employ a workforce of
approximately 250 associates.

“Ala Moana will provide an exceptional environment for the distinctive,
upscale shopping experience for which Bloomingdale’s is world famous. It is a
beautiful open-air shopping center that is a recognized destination not only
for local customers from the Hawaiian islands, but also for visitors from the
U.S. mainland, Asia and worldwide,” said Michael Gould, chairman and chief
executive officer of Bloomingdale’s. “In Hawaii, we will offer global
customers the unique Bloomingdale’s sense of contemporary style, as well as
the attentive service that sets us apart.”

Ala Moana will be the 38^th Bloomingdale’s store location. In addition to 36
current stores, a new Bloomingdale’s store is expected to open in fall 2013 in
Glendale Galleria in Glendale, CA. In addition, an all-new Bloomingdale’s is
expected to open in fall 2014 in Stanford Shopping Center in Palo Alto, CA, to
replace an older store in the same shopping center.

Bloomingdale’s in Dubai is operated by Al Tayer Group LLC under a license
agreement.

Bloomingdale’s also operates 12 outlet stores in the U.S., with a 13^th
opening in fall 2013 in Rosemont, IL, as previously announced.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the
nation’s premier retailers, with fiscal 2012 sales of $27.7 billion. The
company operates about 840 department stores in 45 states, the District of
Columbia, Guam and Puerto Rico under the names of Macy’s and Bloomingdale’s,
as well as the macys.com and bloomingdales.com websites. The company also
operates 12 Bloomingdale’s Outlet stores. Bloomingdale’s in Dubai is operated
by Al Tayer Group LLC under a license agreement.

All statements in this press release that are not statements of historical
fact are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are based upon the
current beliefs and expectations of Macy’s management and are subject to
significant risks and uncertainties. Actual results could differ materially
from those expressed in or implied by the forward-looking statements contained
in this release because of a variety of factors, including conditions to, or
changes in the timing of, proposed transactions, prevailing interest rates and
non-recurring charges, competitive pressures from specialty stores, general
merchandise stores, off-price and discount stores, manufacturers’ outlets, the
Internet, mail-order catalogs and television shopping and general consumer
spending levels, including the impact of the availability and level of
consumer debt, the effect of weather and other factors identified in documents
filed by the company with the Securities and Exchange Commission.

(NOTE: Additional information on Macy’s, Inc., including past news releases,
is available at www.macysinc.com/pressroom).

Contact:

Macy’s, Inc.
Media - Jim Sluzewski, 513-579-7764
Investor – Matt Stautberg, 513-579-7780