A Kohl’s department store plans to open next year in the currently going-out-of-business Mervyns location in Millbrae.
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The Kohl’s Corporation, in partnership with Forever 21, Inc., won a joint bid for the leaseholds of 46 Mervyns locations last week, according to a company press release. The $6.25 million bid included the Mervyns at 855 Broadway, within which Kohl’s hopes to set up shop by October 2009, said Ralph Petty, community development and parks director. Of the 46 locations, Kohl’s will assume 31 while Forever 21 will assume 15 pending court approval. "Any time a city loses a major sales tax contributor, especially during tough economic times, it hopes to fill the spot quickly,” said Petty who added Millbrae planners are set to meet with Kohl’s architecture representatives Tuesday.
Kohl’s, a Wisconsin-based department store company focused on family needs, plans to open about 50 stores in the 2009 fiscal year. A majority of which will be housed in former Mervyns California locations including Capitola, College Grove, Downey, Eureka, Fullerton, Greenback, Huntington Beach, Lodi, Mira Mesa, Monrovia, Napa, Northridge, Point West, Rancho Cordova, Redondo Beach, San Diego, San Luis Obispo, San Rafael, Southland Mall, Sun Valley, Tustin, Ukiah, Upland, Westchester and Whittier. Kohl’s currently operates 1,004 stores in 48 states.
Mervyns filed Chapter 11 in July. It was given court clearance to start going-out-of-business sales in October.
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Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
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PLEASE TURN OFF YOUR CAPS LOCK.
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