Bloomingdale's to open in Ala Moana Center, replace Sears retail - Hawaii News Now - KGMB and KHNL

Bloomingdale's to open in Ala Moana Center, replace Sears retail space

Posted: Updated:
Source: Wikimedia Commons Source: Wikimedia Commons
HONOLULU (HawaiiNewsNow) -

The retail space being vacated by Sears in the Ala Moana Shopping Center will be replaced by a Bloomingdale's department store, according to a statement released by General Growth Properties, the mall's owner, on Friday. 

The store, which the company says will be 176,000 square feet spread over three levels, is slated to open in late 2015. 

"Ala Moana is an iconic mall with world recognition," said Sandeep Mathrani, CEO of General Growth Properties, which owns Ala Moana Center. "Its sales productivity exceeds $1,400 per square foot with 42 million shopper visits annually. Adding Bloomingdale's to its stellar department store and retailer line-up only furthers Ala Moana's status as a premier retail destination."

The Sears at Ala Moana closes next month, and GGP says it plans to reinvent the entire ewa side of the shopping center. Of 650,000 square feet of space, Bloomingdale's will take 167,000 square feet on three floors, allowing plenty of room for boutique tenants at the same end.

The Bloomingdale's chain of department stores is owned by Macy's, which already anchors the opposite end of a mall that gets 42 million shopper visits a year with sales productivity above $1,400 per square foot.

The company runs nearly 840 stores across the United States and reported $27.7 billion in sales during the 2012 fiscal year.

Copyright 2013 Hawaii News Now. All rights reserved.