This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Von Maur Department Store Signs Contract To Open First Location In Oklahoma





DAVENPORT, Iowa, Feb. 27, 2013 /PRNewswire/ -- Von Maur Department Stores announced today it has signed a contract to open a 150,000-square-foot store at Quail Springs Mall in Oklahoma City in Fall 2014. The store will be the Company's first location in Oklahoma.

Known for its outstanding selection of brand name and specialty apparel, shoes, accessories and gifts, the store will feature products from leading brands such as Eileen Fisher, Free People, Coach, Joe's Jeans and Tommy Bahama, among many others. Located at the mall's former Sears location, the two level Von Maur store will receive a complete renovation beginning in Summer 2013 in order to feature the Company's exterior brick facade and signature residential ambiance, complete with antiques, original artwork, open-floor plan and music from the store's grand piano. It is expected that the store will eventually employ 150-175 associates – the majority of which will be full-time.

Today's announcement continues the family-owned Company's targeted national growth strategy. In addition to the opening of its second Georgia location in Atlanta in November 2012, Von Maur also announced plans to grow into New York and Alabama in Fall 2013. Conveniently accessible from Interstate 35 and Interstate 44, Von Maur will be an anchor tenant at Quail Springs Mall, adding to the enticing mix of retailers already on display at Oklahoma City's rapidly developing retail and entertainment hub.

" Oklahoma City is a thriving metropolitan area with numerous offerings and opportunities for both businesses and residents alike," said Jim von Maur, president of Von Maur. "We're excited to be a part of the growth in one of the state's most vibrant areas and look forward to showcasing our service and selection to shoppers at Quail Springs Mall."

"Our retail strategy is to provide an unparalleled shopping experience for our customers and to exceed their expectations. Von Maur further solidifies Quail Springs Mall as a shopping destination in the state and gives our shoppers one more reason to make it their retail destination-of-choice," said Sandeep Mathrani, chief executive officer, General Growth Properties, Inc.

In addition to its selection of popular brands and merchandise, Von Maur is also widely-regarded for its superior customer service, including an interest-free charge card, liberal return policy, free gift wrapping and shipping services. The Company also offers its associates above-market wages, excellent benefits and a positive, professional work environment.

About Von Maur Von Maur was founded nearly 140 years ago in downtown Davenport, Iowa. The Company currently operates 27 stores in 11 states. The Company also runs a successful online business at vonmaur.com, in addition to a new chain of women's specialty stores under the nameplate DRY GOODS.  For more information, please visit www.vonmaur.com.

About GGP Quail Springs Mall is owned and managed by General Growth Properties, a fully integrated, self-managed and self-administered real estate investment trust focused exclusively on owning, managing, leasing, and redeveloping high-quality regional malls throughout the United States and Brazil. GGP's portfolio is comprised of 125 regional malls in the United States and 18 malls in Brazil comprising approximately 135 million square feet. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

MEDIA CONTACT:

Brendan Griffith Brendan@reputationpartners.com312-819-5720 (office)847-899-2135 (cell)



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs