Carol Spieckerman

Bloomie's Getting Into Outlet Store Biz

January 22, 2010

FROM RETAILWIRE:
Macy's Inc. announced Bloomingdale's is following Nordstrom and a host of other competitors into the outlet business with plans to open four stores in the summer or fall of this year. What are your thoughts on the rush by a growing number of retailers to open outlet stores?      [more...]

I'm watching the outlet world closely, particularly as it goes through its own consolidation process (world's largest outlet operator, Simon Property Group's $2.3 billion acquisition of Prime Outlets back in December). Tying this into my comments in the discussion on Target, the formidable Simon, with its international reach, big coffers, and penchant for retailtainment could very well fill the excitement void that exists in mass retail right now.

Back to Bloomie's, there' s no reason on earth for them to sit this party out.