Today, Cincinnati.com says (in Macy's cuts earnings outlook) The downtown Cincinnati-based department store operator Macy's this morning slashed its 2008 profit outlook, as a softening economy has consumers scaling back on spending.

Last Week, Gulf News says (in Blooming times for retail sector)  United Arab Emirates -
They will add two more stores to their list, with Bloomingdale's outlets in 2010 at Dubai Mall. Macy's with a total of 810 outlets across the United States ...

2 Weeks Ago, MarketWatch says (in REPEAT/Bloomingdale's to Open in Dubai in 2010) Prior to June 1, 2007, Macy's, Inc. was known as Federated Department Stores, Inc. Al Tayer Group is a diversified regional business established in 1979 ...
Bloomingdale's to expand internationally into Dubai Reuters
Bloomingdale's reveals Dubai store opening date ArabianBusiness.com

And Apparel Analyst says (in Macy’s targets Middle East) 22.09.08] Macy's Inc. has announced plans to open Bloomingdale's stores for the first time outside its domestic US market with two locations earmarked in the United Arab Emirates.