Read the news stories pertaining to the Saks Fifth Avenue/Proffits merger. The general public hopes that "Saks will not not end up like Macy's" Macy's is perceived as a poor service non-exciting retailer. I also found it interesting that when talking about upper level retailers that Bloomingdales was NEVER mentioned as being a competitor. Again, as almost always NORDSTROM was mentioned as a retailer for the upscale customer. THIS HAS VERY STRONG IMPLICATIONS FOR A NEGATIVE PERFORMANCE OF bloomingdales and Macy's in new markets. This therefore is NOT a stock for long term growth.