Retail
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Amazon Prepares to Enter Philadelphia Marketplace
Amazon is reportedly preparing to enter the Philadelphia marketplace by opening its first grocery store in the region, writes Thad Rueter for the Progressive Grocer. The eCommerce giant has signed a lease for a 40,000-square-foot space on the ground floor of a building in the central part of Philadelphia. At this time it is still…
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Antique Shop in Harleysville Offers Many Hidden, One-of-a-Kind Gems for Curious Hunters
The Barn Attic, an antique shop opened in a 150-year-old barn in Harleysville, offers a wide range of interesting items and many hidden gems for curious hunters, according to Atlas Obscura. The shop started out as The Barn Auction, a joint venture between daughter and father duo, Mary Lou Richards and Marvin Knechel. Then in…
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PREIT Revitalizes Willow Grove, Plymouth Meeting Malls with New Store Openings
By Chris Isaac With the pandemic having such a detrimental impact on businesses it can be easy to assume that there is nothing but bad news to be heard about retailers. However, PREIT is demonstrating that is not the case as they announce new stores opening at a variety of their malls, as stated by…
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PREIT Will Be Extending Plymouth Meeting, Willow Grove Mall Hours and Closing for Thanksgiving
By Chris Isaac In past years Thanksgiving has increasingly become not only a day about celebrating family, but also a day where the malls have introduced earlier Black Friday sales to entice in shoppers. As reported by PR Newswire, that will not be the case this year, though, as PREIT is now the latest group…
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Boyds to Open Ardmore Pop-Up Location, Its First Suburban Outpost in More Than Eight Decades
Boyds, one of Philadelphia’s oldest retailers, has decided to open the first suburban outpost in its 83-year-long history in Ardmore, writes Natalie Kostelni for the Philadelphia Business Journal. The pop-up outpost will occupy the former Urban Outfitters space in Ardmore’s Suburban Square. “Some people think we’re crazy but I’d rather try and fail than not…
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CNN Business: King of Prussia, Montgomery Malls Will Remain Closed on Thanksgiving
By Chris Isaac As COVID-19 has thrown challenges in the way of nearly every industry and business, people have been particularly curious how it would impact the holiday season. Malls are typically swarmed from Black Friday onwards, and in recent years the sales have been creeping earlier and earlier into Thanksgiving. However, for Simon Property…
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Pandemic Financial Woes Force Fashion Retailer Century 21 to File for Bankruptcy
The business struggles caused by the pandemic have caused another retailer casualty, this time in the form of the popular New York and Philadelphia store Century 21. As reported by Katie Park of the Philadelphia Inquirer it is another blow to PREIT, who owns the Plymouth Meeting and Willow Grove Malls as well as Center…
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Philadelphia Magazine: Latest Addition to King of Prussia Mall is COVID-19 Store
The latest addition to King of Prussia Mall is the COVID-19 store that offers a variety of items that are helping people stay safe in style, writes Victor Fiorillo for the Philadelphia Magazine. The new boutique is located in a small space right by Sephora. Customers who enter the store can see their body temperature…
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King of Prussia District Launches Round Two of ‘Get More, KOP’ Gift Card Flash Sale
As part of its “Let’s Go, KOP” campaign, King of Prussia District is launching Round Two of the popular gift card flash sale “Get More, KOP” Tuesday, Sept 8 at 12 PM. Round One of the inaugural flash sale launched early Aug and sold out of 1,000 upgraded gift cards in just 27 hours. The second…
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Washington Post: Owner of King of Prussia Mall Tries to Edge Out Competition by Buying Bankrupt Retailers
The challenges brought about by COVID-19 have forced many malls to try a lot of new things to keep their doors open, but the King of Prussia Mall owner, Simon Property Group, might be making the boldest move yet. As reported by Abha Bhattarai for The Washington Post, the Simon Property Group just bought the…
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King of Prussia Mall Owner Talks to Acquire JC Penney Stall
After JC Penney went bankrupt back in May due to the strain of lost business from COVID-19’s quarantine, rumors quickly began that the Simon Property Group was interested in buying them out. The real estate company is more known for their presence as mall owner, including Montgomery County’s King of Prussia and Montgomery Mall as…
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Deal Falls Through for Willow Grove, Plymouth Meeting Mall Owner, Dashing Hopes for a Cash Infusion
PREIT, owner of the Willow Grove and Plymouth Meeting Malls, had its hopes for a cash infusion dashed when a plan to raise $153.6 million fell through, writes Natalie Kostelni for the Philadelphia Business Journal. Even so, PREIT said in SEC documents filed Tuesday that it did meet certain conditions for some breathing room to…
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King of Prussia Mall Lord & Taylor Location to Close as Retailer Announces Going Out of Business
Lord & Taylor is officially going out of business and will close all of its remaining stores, including its location as an anchor tenant in King of Prussia Mall, writes Jeff Blumenthal for the Philadelphia Business Journal. The first department store established in the United States filed for Chapter 11 bankruptcy protection several weeks ago.…
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Family-Owned Linen Company Based in Wyncote Enjoys Massive Uptick in Sales
American Blossom Linens, distributed by the nearly-century-old Wyncote-based ATD American, has seen a recent 400 percent uptick in sales revenue during the COVID-19 pandemic, writes Sophie Burkholder for the Philadelphia Inquirer. Before becoming a consumer-focused retail brand last year, American Blossom Linens catered to the hospitality, healthcare, and government facility industries, and ATD American made…
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Simon Property Group Might Walk Away from Montgomery Mall if $100M Loan Defaults
A $100 million loan backed by the Montgomery Mall could be facing default and may result in its owner, Simon Property Group, relinquishing the property, writes Natalie Kostelni for the Philadelphia Business Journal. The North Wales mall has suffered several setbacks recently, the biggest of which was Sears vacating 169,550 square feet at the property.…
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Plymouth Meeting and Willow Grove Mall Owner Sending Curated Surprise Boxes to Shopper’s Homes
With COVID-19 concerns still on everyone’s minds, PREIT, owner of the Willow Grove and Plymouth Meeting Malls, is attempting to entice customers to patronize their mall retailers in an innovative way, reports PYMNTS.com. Taking a cue from services like Loot Crate, PREIT is now allowing customers to have surprise boxes sent to their homes, containing…
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Wall Street Journal: KofP Mall Owner May Allow Amazon to Move into Vacant J.C. Penney Store
Prior to COVID-19 becoming the biggest threat to the longevity of shopping malls, many considered Amazon to be the largest opposition that was putting a clock on how much longer brick-and-mortar stores would survive. So it’s quite a strange twist to hear that some shopping malls may now be looking to partner with Amazon by…
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King of Prussia Mall Owner Buying Its Own Stores Out of Bankruptcy
It is not a surprise to many that the difficult circumstances created by COVID-19 would spell the end of some mall retailers. However, Simon Property Group, the largest mall owner in the United States, has decided desperate times call for desperate measures and has begun buying some of their own stores out of bankruptcy, per…
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