Retail
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Hudson Bay Plans to Redevelop Lord & Taylor Space at King of Prussia Mall Into Offices, Rebrand it York Factory
Hudson Bay is planning to repurpose the Lord & Taylor space at King of Prussia Mall into offices and rebrand it York Factory, writes Natalie Kostelni for the Philadelphia Business Journal. The new name is a reference to a Canadian settlement that was also the site of a historical Hudson Bay factory. The King of…
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Local Wawa Sold a Winning Lottery Ticket Worth $1 Million
A customer at the Wawa located at 215 Lancaster Avenue in nearby Wayne purchased a scratch-off ticket there now worth $1 million, writes Michael Tanenbaum for Philly Voice. The $20 “Jackpot Party” ticket was purchased this past weekend amidst huge jackpots for Powerball and Mega Millions. The game offers a top prize of $1 million.…
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Lansdale’s Black Reserve Bookstore Surviving Pandemic Thanks to ‘People’s Love Affair with Black Literature’
People from near and far have helped Black Reserve Bookstore in Lansdale that specializes in Black literature keep its lights on during the pandemic, writes Kenny Cooper for the WHYY. “I do believe that people’s love affair with Black literature aided me in still being open in this time period,” said Shaykh Anwar Muhammad, the…
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Officially Out of Bankruptcy, JCPenney is Looking to Rebound in 2021
It was a tumultuous year for JCPenney, with the department store going bankrupt in the spring, and the summer looking uncertain whether they would be bought out or left to fade away in 2020. However, by the fall, King of Prussia Mall-owner Simon Property Group and Brookfield Asset Management had secured a deal to become…
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Local Malls Hoping to Recover, Yet Feeling Long Term Effects From Pandemic
2020 has been a difficult year for many, but there’s still no avoiding that the defining part of this year, namely COVID-19 will continue to be a challenge into 2021. The possibility that things may still get worse before they get better is something retailers know all too well, with clothing stores especially getting hit…
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Local Retailers Underestimate Demand for Christmas Decorations As Consumers Clear Shelves Faster Than Usual
Target in King of Prussia is one of many stores nationwide that are seeing a shortage of Christmas decorations as customers rush to buy any lights, ornaments, and trees that they can still find, writes Sarah Nassauer for The Wall Street Journal. Retailers all over the country have underestimated the demand for holiday décor, which…
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Willow Grove, Plymouth Meeting Mall Owner Emerges Re-Energized from Bankruptcy Protection with Fresh Capital
PREIT (Pennsylvania Real Estate Investment Trust), the owner of both the Willow Grove and Plymouth Meeting Malls, came out of Chapter 11 bankruptcy Friday with a deal that gives access to up to $130 million in capital, writes Ryan Sharrow for the Philadelphia Business Journal. It also provides flexibility in paying off the company’s $1…
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Woman Who Lost Her Wedding Ring at KoP Store Offering Reward for Help Finding It
Faith Niu, who has lost her wedding ring in a King of Prussia Town Center store, is offering a reward for help in finding the precious piece of jewelry, writes Shawnette Wilson for FOX 29. “It’s a three stone diamond ring made in platinum and the center piece is emerald cuts,” said Niu. She lost…
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“Holidaying” at King of Prussia Mall: Making the Most of America’s Largest Mall in the Oddest of Christmas Seasons
I married an honest-to-goodness, true-blue Grinch. Well, true-green Grinch. My Grinch doesn’t enjoy Christmas carols, holiday shopping, or A Christmas Story. I tell him his heart is two sizes too small. He says my heart is enlarged. Last week, my middle-schooler told me he always detested sitting on Santa’s lap. So I’m also raising a…
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King of Prussia Fashionista Shares Her Personal Style, Favorite Places to Shop
Claudia Caminero, the King of Prussia fashion influencer behind UptoClaudia, likes to brighten up her outfits with vibrant colors, writes Isabella Sanchez Castañeda for the Main Line Today. She is also quick to emphasize that “vibrant colors are not only for the summer.” However she also ensures she feels comfortable in her clothes and advises…
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Rising COVID Rates Made Many Black Friday Shoppers Skip the Malls This Year
For months analysts have been speculating how much the pandemic restrictions would change the typical holiday shopping season. On Black Friday, we saw one of the first indicators, with the standard throngs of people searching for deals largely absent from the malls this year. As reported by Kenny Cooper for WHYY, the King of Prussia…
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Judge Approves Plymouth Meeting Mall, Willow Grove Mall Owner’s Bankruptcy Restructuring
After failing to get 100% of their lenders to approve of their restructuring plan, PREIT prepared to take the matter to court earlier this year and received approval for their plan at the end of November. Per Jacob Adelman of The Philadelphia Inquirer, this new plan allows PREIT to borrow an additional $130 million in…
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Small Business Saturday, Season Shopping Key to Survival of Many Ardmore Shops
Numerous small businesses are struggling to survive during the pandemic, which makes this Small Business Saturday and the overall season crucial for many in terms of whether they will still be open next year. To help highlight some of Ardmore’s shops that are open for holiday shopping, FOX 29’s Good Day Weekend talked to Executive…
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Area Malls Taking Safety Precautions to Ensure Santa Can Still Meet Children
Despite this year’s highly unusual and difficult circumstances, King of Prussia and Willow Grove Mall are still finding ways to make sure kids get a chance to speak with Santa.
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King of Prussia Mall Sees Thinner Crowds This Black Friday
While crowds were not as big as usual at King of Prussia Mall, plenty of people still decided to head out for their traditional holiday pilgrimage to the shopping mecca, writes Katie Park for The Philadelphia Inquirer. Fewer customers could be found in apparel stores, but the usual Black Friday heavy-hitters such as Lululemon, Aerie,…
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Now Might Be Time to Bet on King of Prussia Mall Owner’s Stock
While coronavirus and the many restrictions on brick-and-mortar retailers may make it seem that now is an odd time to invest in luxury shopping malls, King of Prussia Mall owner Simon Property Group (SPG: NYSE) is doing the opposite, writes Liz Moyer for Barron’s. In fact once the pandemic is behind us, the company may…
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Wall Street Journal: King of Prussia Mall Owner Inks $2.8B Merger Deal with Taubman
In a retail climate where many are having trouble even collecting rent, Simon Property Group, owner of both the King of Prussia and Montgomery Mall as well as the Philadelphia Premium Outlets in Limerick, remains an outlier as they continue to expand. Luxury mall developers Taubman Centers Inc. was already in the midst of merging…
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“Giant” Expected to be Buyer for Center City Property Being Sold by Willow Grove Mall Owner
For the last few weeks PREIT has been busy securing their bankruptcy restructuring plan, which will enable them to free up $150 million in borrowing. It now seems that the first phases of that restructuring are underway, as PREIT plans to sell off part of the Strawbridge’s department store building in Center City, as reported…
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