Bloomingdale's Is Expanding, Despite the Recession

Filed under: is actually expanding.

Over the next two months, the 59th Street landmark department store is rebuilding its flagship's entire 60,000-square-foot main floor -- which includes beauty, fragrance, designer handbags, jewelry, men's shirts and ties, sunglasses and watches -- in a project they're calling "the biggest makeover in NYC," reports WWD.

Sources tell the fashion paper that the renovation is costing the retailer between

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