Bloomingdale’s, which is owned by Macy’s Inc. , will open the first store in Kuwait in 2017, according to a release. This is the luxury retailer’s second international location; a Dubai store opened in 2010. The new store is the result of a partnership with Al Tayer Group LLC, a United Arab Emirates-based company. The Kuwaiti store, which will begin construction in Feb. 2016, will total 93,000 square feet and will anchor the 360 Mall in Al Zahra. Macy’s and Bloomingdale’s stores are scheduled to open in Abu Dhabi in 2018, also through an Al Tayer partnership. Macy’s shares are down 1.9% in premarket trading and down 38.8% for the past 12 months. The S&P 500 is down 7% for the past 12 months.
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