Macy's leaseholds are located in River Park in Fresno (107,000 square feet; built in 2004; owned by River Park Properties II) and Visalia Mall in Visalia (150,000 square feet; built in 1995; owned by General Growth Properties). Both are expected to be renovated and opened prior to the 2009 holiday selling season, according to Macy's.

Macy's paid $500,000 to assume the Fresno lease, which commenced in July 2004, and $1.5 million to assume the Visalia lease, which commenced in November 1994. The bids were placed on May 28 during an auction, but had to be approved by a bankruptcy court judge. Macy's's is not revealing the term and rate on the leases and the information was not otherwise immediately available.

Cincinnati-based Macy's operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's. The company also operates macys.com and bloomingdales.com. Prior to June 1, 2007, Macy's was known as Federated Department Stores. The company generated $24.9 billion in sales in 2008.