This Day On The Street
Continue to site
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

Macy’s To Anchor New Regional Mall In Hawaii

Macy’s, Inc. (NYSE:M) today announced an agreement for Macy’s to anchor the new Ka Makana Ali‘i in Kapolei in West O‘ahu, Hawaii. Subject to satisfying final lease provisions, current plans call for the store to open in mid-2016.

Macy’s will occupy a 103,000-square-foot, one-level store in Ka Makana Ali‘i with a full range of apparel and accessories for women, men and children, as well as home merchandise. Macy’s currently operates 17 stores in Hawaii, including eight on the island of O‘ahu. The new Macy’s store is expected to employ approximately 180 associates.

Ka Makana Ali‘i, a major mixed-use project with more than 100 retail, hotel, dining, entertainment and office components, is a project of DeBartolo Development in partnership with the Department of Hawaiian Home Lands. With 1.4 million square feet on 67 acres, it will be the first all-new regional shopping center to be built in Hawaii in more than 30 years. Macy’s is planned to be the largest single retail tenant in the center. When completed, Ka Makana Ali‘i will be among the largest shopping centers in Hawaii.

“West O‘ahu is a vibrant marketplace for residents, tourists and military families, and Macy’s will be the first fashion department store in this area,” said Peter Sachse, Macy’s chief stores officer. “It will be a great place for us to serve customers with a tailored merchandise assortment and shopping experience that meets the needs of Hawaii’s residents and visitors. We look forward to being part of this very special community.”

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2013 sales of $27.931 billion. The company operates about 840 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 13 Bloomingdale’s Outlet stores. Bloomingdale’s in Dubai is operated by Al Tayer Group LLC under a license agreement.

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
Only $9.95
14-Days Free
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
SYM TRADE IT LAST %CHG

Markets

DOW 18,011.94 -28.43 -0.16%
S&P 500 2,109.60 -2.13 -0.10%
NASDAQ 5,076.5240 -6.4050 -0.13%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs