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 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.