Macy's store was planned to occupy four floors of the mall in Abu Dhabi.
PHOTO BY ARCHIVE
DUBAI – Macy’s and Bloomingdale’s have pulled out of a Dh5 billion mall set to open in Abu Dhabi next year, according to a report on Thursday (November 1).
The luxury department stores were scheduled to open in Al Maryah Central, a 2.3 million-square foot mall that is set to open on Al Maryah Island in August 2019.
Macy’s store was planned to occupy four floors of the mall and would have been the brand’s first store outside the United States, while the Bloomingdale’s store was set to be bigger than its outlet in Dubai Mall.
“We worked with Al Tayer for a long time and we agreed with them that they won’t be proceeding with Macy’s and Bloomingdale’s,” said Daniel Parry, managing director for developer Gulf Related, told The National.
“It was disappointing but we were in discussions with Al Tayer for a long time and we planned accordingly. It’s given us opportunities. As the market has changed over time the replacement of the two big department stores with a lot of different retail has actually helped the overall mall,” Parry told the newspaper.
The space reserved for Macy’s will be taken over by a two-storey Debenhams store and entertainment areas. Bloomingdale’s reserved space will be taken over by shops like West Elm and Pottery Barn. The mall is reportedly almost 70 percent leased.
The mall will feature top 200 brands, including Gap, Gap Kids, H&M, Zara, All Saints, Charlotte Tilbury,The Cheesecake Factory, P.F. Chang’s and Cafe Nero.
Macy’s this year closed 68 shops following a slump in US retail.
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