Store # State City Mall/Shopping Center Name Address
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Prom 2018 Event Store List 1.17.18
State City Mall/Shopping Center Name Address AK Anchorage 5th Avenue Mall-Sur 406 W 5th Ave AL Birmingham Tutwiler Farm 5060 Pinnacle Sq AL Dothan Wiregrass Commons 900 Commons Dr Ste 900 AL Hoover Riverchase Galleria 2300 Riverchase Galleria AL Mobile Bel Air Mall 3400 Bell Air Mall AL Montgomery Eastdale Mall 1236 Eastdale Mall AL Prattville High Point Town Ctr 550 Pinnacle Pl AL Spanish Fort Spanish Fort Twn Ctr 22500 Town Center Ave AL Tuscaloosa University Mall 1701 Macfarland Blvd E AR Fayetteville Nw Arkansas Mall 4201 N Shiloh Dr AR Fort Smith Central Mall 5111 Rogers Ave AR Jonesboro Mall @ Turtle Creek 3000 E Highland Dr Ste 516 AR North Little Rock Mc Cain Shopg Cntr 3929 Mccain Blvd Ste 500 AR Rogers Pinnacle Hlls Promde 2202 Bellview Rd AR Russellville Valley Park Center 3057 E Main AZ Casa Grande Promnde@ Casa Grande 1041 N Promenade Pkwy AZ Flagstaff Flagstaff Mall 4600 N Us Hwy 89 AZ Glendale Arrowhead Towne Center 7750 W Arrowhead Towne Center AZ Goodyear Palm Valley Cornerst 13333 W Mcdowell Rd AZ Lake Havasu City Shops @ Lake Havasu 5651 Hwy 95 N AZ Mesa Superst'N Springs Ml 6525 E Southern Ave AZ Phoenix Paradise Valley Mall 4510 E Cactus Rd AZ Tucson Tucson Mall 4530 N Oracle Rd AZ Tucson El Con Shpg Cntr 3501 E Broadway AZ Tucson Tucson Spectrum 5265 S Calle Santa Cruz AZ Yuma Yuma Palms S/C 1375 S Yuma Palms Pkwy CA Antioch Orchard @Slatten Rch 4951 Slatten Ranch Rd CA Arcadia Westfld Santa Anita 400 S Baldwin Ave CA Bakersfield Valley Plaza 2501 Ming Ave CA Brea Brea Mall 400 Brea Mall CA Carlsbad Shoppes At Carlsbad -
Generalgrowthproperties
BUILT TO LEAD BUILT TO GROW BUILT TO PROSPER GENERALGROWTHBUILT PROPERTIES TO LASTANNUAL REPORT 2002 COMPANY PROFILE General Growth Properties and its predecessor companies have been in the shopping center busi- ness for nearly fifty years. It is the second largest regional mall Real Estate Investment Trust (REIT) in the United States. General Growth owns, develops, operates and/or manages shopping malls in 39 states. GGP has ownership interests in, or management responsibility for, 160 regional shopping malls totaling more than 140 million square feet of retail space. The total retail space is inclusive of more than 16,000 retailers nationwide. General Growth provides investors with the opportunity to participate in the ownership of high-quality, income-producing real estate while maintaining liquidity. Our primary objective is to provide increasing dividends and capital appreciation for our shareholders. Creating shareholder value is the company’s mission. The Bucksbaum family, which founded General Growth, is still engaged in the operation of the company’s day-to-day business activities. As owners of a major stake in the company, General Growth management’s interests are aligned with those of each and every GGP shareholder. CONTENTS Shareholders’ Letter 4 Operating Principles 7 Portfolio 17 Financial Review 29 Directors and Officers 85 Corporate Information 86 Financial Highlights SHOPPING CENTERS OWNED at year end * 1997 64 1998 84 1999 93 2000 95 2001 97 2002 125 TOTAL SQUARE FOOTAGE OWNED in millions 1997 52 1998 71 1999 83 2000 85 2001 89 2002 114 REAL ESTATE ASSETS AT COST in millions 1997 $2,590 1998 $4,760 1999 $6,237 2000 $6,735 2001 $7,319 2002 $9,902 MALL SHOP SALES in millions ** 1997 $2,651 1998 $5,176 1999 $6,931 2000 $7,243 2001 $7,326 2002 $9,061 DIVIDEND GROWTH PER SHARE dollar/share declared 1997 $1.80 1998 $1.88 1999 $1.98 2000 $2.06 2001 $2.36 2002 $2.74 FFO GROWTH dollar/share 1997 $2.89 1998 $3.35 1999 $4.02 2000 $4.42 2001 $4.96 2002 $5.58 * Includes regional malls only. -
Vision One Eyecare Savings Programs
FLORIDA (continued) Vision One Eyecare Savings Program for Blue Cross Miami JCP Miami SEA Port Richey SEA Port Richey WR□ and Blue Shield of Florida Employees International Mall International Mall Gulf View Square Mall Gulf View Square Mall Vision Typical (305) 470-7866 (813) 846-6235 (813) 849-6783 (305) 594-5865 One Cost Savings Miami SEA Miami JCP Sarasota JCP Sarasota SEA Townand Country Mall Cutler Ridge Mall Sarasota Square Mall Sarasota Square Mall FRAMES (305) 270-9255 (305) 252-2798 (813) 923-0178 (813) 921-8278 Up to $54.00 retail $20.00 60% N. Miami Beach BRO Naples SEA St Petersburg WR□ St Petersburg JCP From $55.00 to $74.00 retail $30.00 60% 1333 NE 163rd St Coastland Mall Crossroads S/C Tyrone Square Mall Over $74.00 retail 50% 50% (305) 940-4325 (813) 643-9334 (813) 347-9191 (813) 344-2611 LENSES (uncoated plastic) Ocala JCP Ocala SEA St Petersburg SEA Tallahassee JCP Single vision $30.00 50% Ppddock Mall Paddock Mall TyroneSquare Mall Governor's Square Mall Bifocal $52.00 40% (904) 237-0055 (904) 873-5270 (813) 341-7263 (904) 878-5721 Trifocal $62.00 45% Orange Park JCP Orange Park SEA Tallahassee SEA Tampa JCP Lenticular $97.00 60% Orange Park Mall Orange Park Mall Governor's Square Mall Eastlake Square Mall LENS OPTIONS (904) 264-7070 (904) 269-8239 (904) 671-6278 (813) 621-7551 (add to above lens prices) Orlando BRO Orlando JCP Tampa WR□ Tampa BRO Progressive (no line bifocals) $55.00 20% Fashion Square Mall Fashion Square Mall Eastlake Square Mall Tampa Bay Center Polycarbonate $30.00 40% (407) 896-5398 (407) 896-1006 (813) 621-5290 (813) 872-3185 Scratch resistant coating $15.00 25% Orlando SEA Orlando JCP Tampa SEA Tampa WR□ Ultra-violet coating $12.00 40% Fashion Square Mall Florida Mall Tampa Bay Center Tampa Bay Center Anti-Reflective Coating $38.00 25% (407) 228-6239 (407) 851-9133 (813) 878-9262 (813) 876-0445 Solid tint $ 8.00 33% Orlando SEA Ormond Beach SEA Tampa JCP Tampa SEA Gradient tint $12.00 20% Florida Mall 126 S. -
Alabama Arizona Arkansas California Riverchase Galleria | Hoover, AL
While we are all eager to get back to business as soon as possible, the timing of our reopening plans is subject to federal, state and local regulations, so projected reopening dates are subject to change. Reopening plans and policies will adhere to federal, state, and local regulations and guidance, and be informed by industry best practices, which will vary based on location and other circumstances. Last Updated: May 27, 2020 Open Properties with Restrictions Alabama Arizona Arkansas California Riverchase Galleria | Hoover, AL Park Place | Tucson, AZ Pinnacle Hills Promenade | Rogers, AR Chula Vista Center | Chula Vista, CA The Shoppes at Bel Air | Mobile, AL The Mall at Sierra Vista | Sierra Vista, AZ Fig Garden Village | Fresno, CA Tucson Mall | Tucson, AZ Galleria at Tyler | Riverside, CA Mt. Shasta Mall | Redding, CA Otay Ranch Town Center | Chula Vista, CA Promenade Temecula | Temecula, CA The Shoppes at Carlsbad | Carlsbad, CA Valley Plaza Mall | Bakersfield, CA Victoria Gardens | Rancho Cucamonga, CA Colorado Connecticut Florida Georgia Park Meadows | Lone Tree, CO Brass Mill Center | Waterbury, CT Altamonte Mall | Altamonte Springs, FL Augusta Mall | Augusta, GA The Shoppes at Buckland Hills | Manchester, CT Coastland Center | Naples, FL Cumberland Mall | Atlanta, GA The Shops at Somerset Square | Glastonbury, CT Governor's Square | Tallahassee, FL North Point Mall | Alpharetta, GA The SoNo Collection | Norwalk, CT Lakeland Square Mall | Lakeland, FL Oglethorpe Mall | Savannah, GA Mizner Park | Boca Raton, FL Peachtree Mall | -
State City Shopping Center Address
State City Shopping Center Address AK ANCHORAGE 5TH AVENUE MALL SUR 406 W 5TH AVE AL FULTONDALE PROMENADE FULTONDALE 3363 LOWERY PKWY AL HOOVER RIVERCHASE GALLERIA 2300 RIVERCHASE GALLERIA AL MOBILE BEL AIR MALL 3400 BELL AIR MALL AR FAYETTEVILLE NW ARKANSAS MALL 4201 N SHILOH DR AR FORT SMITH CENTRAL MALL 5111 ROGERS AVE AR JONESBORO MALL @ TURTLE CREEK 3000 E HIGHLAND DR STE 516 AR LITTLE ROCK SHACKLEFORD CROSSING 2600 S SHACKLEFORD RD AR NORTH LITTLE ROCK MC CAIN SHOPG CNTR 3929 MCCAIN BLVD STE 500 AR ROGERS PINNACLE HLLS PROMDE 2202 BELLVIEW RD AZ CHANDLER MILL CROSSING 2180 S GILBERT RD AZ FLAGSTAFF FLAGSTAFF MALL 4600 N US HWY 89 AZ GLENDALE ARROWHEAD TOWNE CTR 7750 W ARROWHEAD TOWNE CENTER AZ GOODYEAR PALM VALLEY CORNERST 13333 W MCDOWELL RD AZ LAKE HAVASU CITY SHOPS @ LAKE HAVASU 5651 HWY 95 N AZ MESA SUPERST'N SPRINGS ML 6525 E SOUTHERN AVE AZ NOGALES MARIPOSA WEST PLAZA 220 W MARIPOSA RD AZ PHOENIX AHWATUKEE FOOTHILLS 5050 E RAY RD AZ PHOENIX CHRISTOWN SPECTRUM 1727 W BETHANY HOME RD AZ PHOENIX PARADISE VALLEY MALL 4510 E CACTUS RD AZ TEMPE TEMPE MARKETPLACE 1900 E RIO SALADO PKWY STE 140 AZ TUCSON EL CON SHPG CNTR 3501 E BROADWAY AZ TUCSON TUCSON MALL 4530 N ORACLE RD AZ TUCSON TUCSON SPECTRUM 5265 S CALLE SANTA CRUZ AZ YUMA YUMA PALMS S C 1375 S YUMA PALMS PKWY CA ANTIOCH ORCHARD @SLATTEN RCH 4951 SLATTEN RANCH RD CA ARCADIA WESTFLD SANTA ANITA 400 S BALDWIN AVE CA BAKERSFIELD VALLEY PLAZA 2501 MING AVE CA BREA BREA MALL 400 BREA MALL CA CARLSBAD PLAZA CAMINO REAL 2555 EL CAMINO REAL CA CARSON SOUTHBAY PAV @CARSON 20700 AVALON -
Chapter 11 ) CHRISTOPHER & BANKS CORPORATION, Et Al
Case 21-10269-ABA Doc 125 Filed 01/27/21 Entered 01/27/21 15:45:17 Desc Main Document Page 1 of 22 TROUTMAN PEPPER HAMILTON SANDERS LLP Brett D. Goodman 875 Third Avenue New York, NY 1002 Telephone: (212) 704.6170 Fax: (212) 704.6288 Email:[email protected] -and- Douglas D. Herrmann Marcy J. McLaughlin Smith (admitted pro hac vice) Hercules Plaza, Suite 5100 1313 N. Market Street Wilmington, Delaware 19801 Telephone: (302) 777.6500 Fax: (866) 422.3027 Email: [email protected] [email protected] – and – RIEMER & BRAUNSTEIN LLP Steven E. Fox, Esq. (admitted pro hac vice) Times Square Tower Seven Times Square, Suite 2506 New York, NY 10036 Telephone: (212) 789.3100 Email: [email protected] Counsel for Agent UNITED STATES BANKRUPTCY COURT DISTRICT OF NEW JERSEY ) In re: ) Chapter 11 ) CHRISTOPHER & BANKS CORPORATION, et al., ) Case No. 21-10269 (ABA) ) ) (Jointly Administered) Debtors. 1 ) _______________________________________________________________________ 1 The Debtors in these chapter 11 cases and the last four digits of each Debtor’s federal tax identification number, as applicable, are as follows: Christopher & Banks Corporation (5422), Christopher & Banks, Inc. (1237), and Christopher & Banks Company (2506). The Debtors’ corporate headquarters is located at 2400 Xenium Lane North, Plymouth, Minnesota 55441. Case 21-10269-ABA Doc 125 Filed 01/27/21 Entered 01/27/21 15:45:17 Desc Main Document Page 2 of 22 DECLARATION OF CINDI GIGLIO IN SUPPORT OF DEBTORS’ MOTION FOR INTERIM AND FINAL ORDERS (A)(1) CONFIRMING, ON AN INTERIM BASIS, THAT THE STORE CLOSING AGREEMENT IS OPERATIVE AND EFFECTIVE AND (2) AUTHORIZING, ON A FINAL BASIS, THE DEBTORS TO ASSUME THE STORE CLOSING AGREEMENT, (B) AUTHORIZING AND APPROVING STORE CLOSING SALES FREE AND CLEAR OF ALL LIENS, CLAIMS, AND ENCUMBRANCES, (C) APPROVING DISPUTE RESOLUTION PROCEDURES, AND (D) AUTHORIZING CUSTOMARY BONUSES TO EMPLOYEES OF STORES I, Cindi Giglio, make this declaration pursuant to 28 U.S.C. -
Michael Kors® Make Your Move at Sunglass Hut®
Michael Kors® Make Your Move at Sunglass Hut® Official Rules NO PURCHASE OR PAYMENT OF ANY KIND IS NECESSARY TO ENTER OR WIN. A PURCHASE OR PAYMENT WILL NOT INCREASE YOUR CHANCES OF WINNING. VOID WHERE PROHIBITED BY LAW OR REGULATION and outside the fifty United States (and the District of ColuMbia). Subject to all federal, state, and local laws, regulations, and ordinances. This Gift ProMotion (“Gift Promotion”) is open only to residents of the fifty (50) United States and the District of ColuMbia ("U.S.") who are at least eighteen (18) years old at the tiMe of entry (each who enters, an “Entrant”). 1. GIFT PROMOTION TIMING: Michael Kors® Make Your Move at Sunglass Hut® Gift Promotion (the “Gift ProMotion”) begins on Friday, March 22, 2019 at 12:01 a.m. Eastern Time (“ET”) and ends at 11:59:59 p.m. ET on Wednesday, April 3, 2019 (the “Gift Period”). Participation in the Gift Promotion does not constitute entry into any other promotion, contest or game. By participating in the Gift Promotion, each Entrant unconditionally accepts and agrees to comply with and abide by these Official Rules and the decisions of Luxottica of America Inc., 4000 Luxottica Place, Mason, OH 45040 d/b/a Sunglass Hut (the “Sponsor”) and WYNG, 360 Park Avenue S., 20th Floor, NY, NY 10010 (the “AdMinistrator”), whose decisions shall be final and legally binding in all respects. 2. ELIGIBILITY: Employees, officers, and directors of Sponsor, Administrator, and each of their respective directors, officers, shareholders, and employees, affiliates, subsidiaries, distributors, -
Taco Bell | Greenville, Ms
OFFERING MEMORANDUM 1716 MARTIN LUTHER KING JR BLVD | GREENVILLE, MS PRICE: $2,450,680 | CAP: 5.00% CLICK FOR DRONE FOOTAGE ACTUAL SITE | PHOTOS TAKEN MARCH 2021 TACO BELL | GREENVILLE, MS EXECUTIVE SUMMARY PRICE CAP NOI $2,450,680 5.00% $122,534 LOCATION 1716 MARTIN LUTHER KING JR. BLVD GREENVILLE, MS LEASE TYPE ABSOLUTE NNN LEASE EXPIRATION DECEMBER 31ST 2032 LESSEE KMAC ENTERPRISES, LLC GUARANTOR KMAC OPTIONS 4 5YEAR OPTIONS INCREASES 1% ANNUAL INCREASES INCLUDING OPTIONS LAND SIZE ±0.71 ACRES BUILDING SIZE ±2,460 SQUARE FEET ROFR YES ACTUAL SITE | PHOTOS TAKEN MARCH 2021 TACO BELL | GREENVILLE, MS This Taco Bell property has an Absolute NNN Lease and is Guaranteed by KMAC-- one of the largest Taco Bell RETAIL INVESTMENT GROUP IS franchises with 170+ Locations. The lease expires on December 31st, 2032. This property offers 1% annual increases PLEASED TO BE THE EXCLUSIVE and there are (4) 5-Year Options to Extend. The property was built in 2005 and is ±2,460 square feet and sits on ±0.71 LISTING BROKERAGE FOR TACO acres of land. Nearby retailers include Kroger, O’Reilly Auto Parts, Walmart Supercenter, Lowes, CB&S Bank, The UPS BELL IN GREENVILLE, MS. Store, Dollar Tree, Wendy’s, the Greenville Mall and Many Others. TACO BELL | GREENVILLE, MS ACTUAL SITE | PHOTOS TAKEN MARCH 2021 BOWMAN BLVD: ±11,032 VDP PROPERTY OVERVIEW • Long Term Absolute NNN Lease - Zero Landlord • Responsibilities • Lease Guaranteed by K-Mac Enterprises, LLC - Operates • Nearly 300 Locations • 6% Rent-to-Sales - Drive Thru Sales Represent a • Significant Portion of their Total Sales • Located in the Heart of Downtown Greenville Surrounded • by Retail Synergies • Increasing Sales Year-Over-Year Including in 2020 4x5 Year Options to Extend MARTIN LUTHER KING JR BLVD: ±20,738 VDP • 1% Annual Increases - Compounding and Hedging Against Inflation • Nearby Retailers Include Kroger, O’Reilly Auto Parts, Walmart Supercenter, Lowes, CB&S Bank, The UPS Store, Dollar Tree, Wendy’s, the Greenville Mall and Many Others. -
Closing Doors, Closing Minds College Set to Host Neighbors-In-Need
Monday December 10, 2012 [email protected] Gateway Community College Vol. IV Issue II Winter 2012 College Set to Host Neighbors-in-Need Holiday Dinner By Bonnie Fahy, Co-editor At this festive event, there also will be an activ- ity room with face painting. The college will also have Santa and Mrs. Claus there to hand out toys to all the children. The kids can have their photo taken for a keepsake. Every guest will receive a winter coat and the adults will receive a bag full of personal care items Dattco Bus Company is donating the buses and the services of their drivers. The college does as much as possible to make this a joyful and cheerful experience for all, at the same time plus protecting the participants’ safety and privacy. Dr. Kendrick and those involved feel the need and de- sire to become involved with our downtown neigh- bors. We will be working with Market New Haven and the Town Green Committee to get the word out about the event to help us with coats, toys and $10 gift cards for our teen attendees. An event like this takes a massive amount of fundraising and donations; the college would like to thank Chabaso Bakery for donating rolls and Elm City Market for donating trays of Mac and Cheese. If someone would like to make a contribution, he/ Today many people through no fault of their own she can send or bring a check payable to Gateway have fallen on difficult times and have to live in tem- Foundation marked “Holiday Dinner”; 100% of the porary housing or a shelter. -
Shopping by the Sea
Shopping By The Sea WESTBROOK, CONNECTICUT Life in New England attracts shoppers from around the world. New England is more than a lobster roll and a bowl of chowder. It’s a destination for a world of shoppers. Only here can they enjoy the small charming towns, the vast colorful beaches, and the wonderful shops with their unique New England seaside flavor. At Westbrook Outlets, shoppers find a range of brands from the familiar to the unique. For many, it’s a fun day out and a place to return because it’s shopping for every taste, every generation and every need. Life in New England Seaside Charm. attracts shoppers from around the world. Unique Brands. To put it simply, casual shopping in a beautiful, manicured and rustic location like this doesn’t get much better. With Westbrook Outlets, your brand gets the best of both worlds: the local customer that shops the center frequently and the regional audience traveling from outside a 20-mile radius who shop longer, stay longer, spend more and return more often after they visit. Our featured national brands have become some of America’s favorites and we take an active role in promoting the entire Westbrook Outlets community at our customized on-site events. This robust marketing program, supported by ownership, has expanded the local market. The charm of the town of Westbrook and its proximity to the ocean gives this outlet a gentle relaxed feel. Casual Shopping with a Main Street Feel Westbrook Outlets has access to above average shopper demographics and sales potential. -
Brookfield Properties' Retail Group Overview
Retail Overview Brookfield Properties’ Retail Group Overview We are Great Gathering Places. We embrace our cultural core values of Humility, Attitude, Do The Right Thing, H Together and Own It. HUMILITY Brookfield Properties’ retail group is a company focused A ATTITUDE exclusively on managing, leasing, and redeveloping high- quality retail properties throughout the United States. D DO THE RIGHT THING T TOGETHER O HEADQUARTERS CHICAGO OWN IT RETAIL PROPERTIES 160+ STATES 42 INLINE & FREESTANDING GLA 68 MILLION SQ FT TOTAL RETAIL GLA 145 MILLION SQ FT PROFORMA EQUITY MARKET CAP $20 BILLION PROFORMA ENTERPRISE VALUE $40 BILLION Portfolio Map 2 7 1 4 3 5 3 6 2 1 2 1 1 2 1 3 3 3 1 1 2 4 1 2 1 3 2 1 1 10 4 2 5 1 4 10 2 3 3 1 48 91 6 5 6 2 7 6 4 5 11 7 4 1 1 1 2 2 2 5 7 1 2 1 2 1 1 1 1 6 1 3 5 3 4 15 19 2 14 11 1 1 3 2 1 2 1 1 3 6 2 1 3 4 18 2 17 3 1 2 1 3 2 2 5 3 6 8 2 1 12 9 7 5 1 4 3 1 2 1 2 16 3 4 13 3 1 2 6 1 7 9 1 10 5 4 2 1 4 6 11 5 3 6 2 Portfolio Properties 1 2 3 3 3 1 7 4 Offices 13 12 2 Atlanta, GA 7 3 1 1 Chicago, IL Baltimore, MD 8 5 2 Dallas, TX 4 Los Angeles, CA 6 New York, NY 8 2 9 5 Property Listings by State ALABAMA 7 The Oaks Mall • Gainesville 3 The Mall in Columbia • Columbia (Baltimore) 9 Brookfield Place • Manhattan WASHINGTON 8 Pembroke Lakes Mall • Pembroke Pines 4 Mondawmin Mall • Baltimore 10 Manhattan West • Manhattan 1 Riverchase Galleria • Hoover (Birmingham) 1 Alderwood • Lynnwood (Seattle) 5 Towson Town Center • Towson (Baltimore) 11 Staten Island Mall • Staten Island 2 The Shoppes at Bel Air • Mobile (Fort Lauderdale) -
Macy's, Inc. Outlines Cost Efficiency Initiatives and Lists Store Locations to Be Closed
January 6, 2016 Macy’s, Inc. Outlines Cost Efficiency Initiatives and Lists Store Locations to Be Closed CINCINNATI--(BUSINESS WIRE)-- Macy’s, Inc. (NYSE:M) today announced a series of cost-efficiency and process improvement measures to be implemented beginning in early 2016 that will reduce SG&A expense by approximately $400 million while still investing in growth strategies, particularly in omnichannel capabilities at Macy’s and Bloomingdale’s. The actions represent progress toward the company’s previously stated goal of re-attaining over time an EBITDA rate as a percent of sales of 14 percent. (Editor’s Note: Macy’s, Inc. this afternoon also issued a separate news release announcing sales results for the November/December 2015 period and updating guidance.) “In light of our disappointing 2015 sales and earnings performance, we are making adjustments to become more efficient and productive in our operations. Moreover, we believe we can operate more effectively with an organization that is flatter and more agile so we can pursue growth and regain market share in our core Macy’s and Bloomingdale’s omnichannel businesses faster and with more intensity. We will continue to invest in strategic initiatives that anticipate emerging customer needs and create shareholder value,” said Terry J. Lundgren, chairman and chief executive officer of Macy’s, Inc. “The cost efficiencies represent more than two-thirds of our goal of annual SG&A expense reduction of $500 million, net of growth initiatives, from previously planned levels by 2018. In some cases, there will be short-term pain as we tighten our belt and realign our resources.