Federated Department Stores, Inc. (NYSE:FD)(PCX:FD) today announced plans for a new Macy's store at Simi Valley Town Center in Simi Valley, CA.
"Macy's truly represents California and now we'll be even closer to our Simi Valley customers," said Robert L. Mettler, chairman of Macy's West. "We look forward to bringing our quality merchandise, personal service and exciting shopping experience to this northwest Los Angeles market."
The new Macy's Simi Valley store will be a full-line department store, occupying 110,000 square feet of retail space on two levels. Construction is scheduled to begin in 2004 with a planned opening in 2005.
Macy's West, a division of Federated headquartered in San Francisco, operates 141 stores in seven states and Guam, with 2001 annual sales of more than $4 billion.
Federated, with corporate offices in Cincinnati and New York, is one of the nation's leading department store retailers, with annual sales of more than $15.6 billion. Federated currently operates more than 460 stores in 34 states, Guam and Puerto Rico, under the names of Macy's, Bloomingdale's, The Bon Marche, Burdines, Goldsmith's, Lazarus and Rich's, as well as macys.com and Bloomingdale's By Mail.
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