Bloomingdale's Moves into Dubai in 2010

Macy's is set to launch Bloomingdale's stores outside of the U.S. for the first time—a 2010 home in Dubai.

Two stores are in the works, including a 146,000-square-foot, three-level apparel and accessories store, and a 54,000-square-foot, one-level home store to anchor The Dubai Mall. The mall is slated for completion at the end of this year.

"Our Dubai store will feature the events, theater of retailing, visual excitement and outstanding luxury brands that customers associate with Bloomingdale's," says Michael Gould, chairman and chief executive officer of New York-based Bloomingdale's.

The international move is part of a deal with United Arab Emirates-based Al Tayer Group. Both Dubai Bloomingdale's will be operated by Al Tayer Insignia.