Macy's Ramps Up Phoenix Expansion

PHOENIX-Macy’s Inc. management announced that it is opening three new stores in the Metro area here, which will bring its total to 11 units in various locales. The stores, unlike the bulk of Macy’s mall-based locations are being specifically designed to fit open-air lifestyle centers.

“There aren’t a lot of regional malls being built in this country,” said Karen Hoguet, Macy’s chief financial officer during the retailer’s first-quarter conference call. “The opportunities are in these lifestyle formats which tend to support a smaller door.”

Two 120,000-sf, single-level stores are going in Macerich Co. developments, Estrella Falls, in Goodyear and SanTan Village, in Gilbert. A two-level, 150,000-sf store is going into CityNorth, in the Northeast Valley area, which is being built by the Related Companies and Thomas J. Klutznick Co.