Macy's Inc. is returning to the New Orleans market, with two stores that will replace locations forced to close following Hurricane Katrina.
Macy's Inc. will open a new three-level store at Lakeside Shopping Center in Metairie and will renovate and reopen its store. Both stores are expected to open in October 2008, said Ed Holmon, head of Macy's South, the company division that handles Louisiana. They will employ a combined 360 people.
Before Katrina, Macy's also operated at store at the New Orleans Centre in the city. That store will not reopen.
Holmon said Macy's return to the metro area market was never in question. Instead, the retailer was waiting for the timing to be right in terms of the area's population and economic demographic.
"Returning to the New Orleans market has been a top priority for us," Ed Holman, CEO of Macy's South, said in a press release. "We're looking forward to opening both stores and once again being a part of the vibrant, re-energized and evolving New Orleans community."
Macy's had operated two stores in the New Orleans before Hurricane Katrina. They were at Esplanade, which originally opened in 1986, and at New Orleans Centre, which will not reopen.