Willow Grove
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Willow Grove’s Military Officers Association Has Long-Term Plans for Supporting its Community
The Willow Grove chapter of Military Officers Association of America is committed to playing a major role in providing long-term support to the community it serves, writes H. James Hulton III for The Ambler Gazette. The chapter was founded by retired Navy Captain Nelson “Nick” Charles in 1976. Charles died in August aged 101, but…
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Willow Grove, Plymouth Meeting Mall Owner Says They May File for Bankruptcy to Get $150 Million Loan
Analysts have been speculating for a while now that PREIT, owner of the Willow Grove and Plymouth Meeting Malls, might be heading towards bankruptcy within a year’s time, especially after the lockdowns, and earlier this month when their trade value on the New York Stock Exchange sunk below one dollar. It appears those predictions may…
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Plymouth Meeting, Willow Grove Mall Owner Faces Being Delisted from Stock Exchange
By Chris Isaac The damage that COVID-19 has inflicted on the finances of PREIT, the parent company of malls in Plymouth Meeting and Willow Grove, continues to pile up, with their stock values now dipping dangerously low, as reported by Jacob Adelman of the Philadelphia Inquirer. PREIT’s trading price has sunk below $1, putting it…
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Cecil Mosenson, Who Coached Wilt Chamberlain During His High School Days, Dies Aged 90
Cecil Mosenson, a former basketball coach at Upper Moreland High School who also coached one of the best players of all times, Wilt Chamberlain, at Overbrook High, has died aged 90, writes Mike Jensen for The Philadelphia Inquirer. Mosenson got a job at Overbrook High right after graduating from Temple University. The team already featured…
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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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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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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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New Mobile COVID-19 Resource to Visit Underserved Montco Communities Late September
Community-Accessible Testing and Education, or CATE, is PA’s latest COVID-19 resource on wheels to help stop the spread of the coronavirus and was designed specifically to reach minority, immigrant, and other underserved communities writes Jo Ciavaglia for the Pocono Record. “In order to solve health care inequality and reach vulnerable and underserved communities we need…
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Washington Post: Jill Biden is a Tough Philly Girl with Deep Montco Roots
As a tough “Philly girl” who grew up in a Philadelphia area, Jill Biden, Joe’s wife, has a slight Philadelphia accent and cheers for Philadelphia sports teams, write Jada Yuan and Annie Linskey in The Washington Post. While Jill moved around a lot when she was young, she and her four younger sisters grew up…
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Willow Grove, Plymouth Meeting Mall Owner Announces $23M COVID Shut Down Losses
By Chris Issac PREIT had been able to get all of their malls opened up again near the start of the summer, but there was never any doubt that the months of being closed was going to have a heavy impact on their earnings. Information about PREIT’s quarterly profits has now been made public, and…
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Lane Bryant to Close King of Prussia, Willow Grove Malls Stores
After its parent company Ascena Retail Group filed for Chapter 11 bankruptcy last month, Lane Bryant, the women’s clothing retailer, is closing six stores in Pennsylvania including two in Montgomery County, writes Daniel Urie for the Penn Live Patriot-News. The company that offers plus size women’s clothing is shuttering its King of Prussia Mall and…
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To Avoid Default, Owner of Willow Grove Park, Plymouth Meeting Mall Trimming Executive Salaries
As part of a deal with lenders to stave off default, PREIT, owner of Willow Grove Park and Plymouth Meeting Mall, is paring back executive salaries and suspending dividend payments, writes Jacob Adelman for The Philadelphia Inquirer. The company has reduced the salaries of its chief executive and chief financial officer by 25 percent. The…
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Willow Grove Mall Owner Reports Majority of Shoppers Returning, Sales Exceeding Expectations
By Chris Isaac As the majority of PREIT’s malls returned to business in late June and early July, there was uncertainty about how many shoppers would feel comfortable coming back right now. With states like Florida and Texas realizing they lifted their restrictions prematurely, and cases of the Corona virus around Pennsylvania no longer dwindling,…
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Closed Since March, PREIT Announces Plymouth Meeting, Willow Grove Malls Will Reopen Friday
By Chris Isaac As the “green phase” spreads throughout Pennsylvania and starts lifting social restrictions, that also means the return of shopping malls. PREIT has announced that on June 26 four of their malls in the area will be open for business, including the Willow Grove and Plymouth Meeting malls. PREIT’s New Jersey malls won’t…
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As Share Price Dips Below $1, Owner of Willow Grove, Plymouth Meeting Malls Asking for Forgivable Federal PPP Loan to Pay Employees
PREIT, owner of Plymouth Meeting and Willow Grove malls, has applied for a “forgivable” federal Paycheck Protection Program loan to pay its employees, writes Joseph N. DiStefano for The Philadelphia Inquirer. The publicly-traded company which has seen its stock drop from a $25 high four years ago to below $1 a share furloughed over 100…
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Third-Generation Willow Grove Catering Company Determined to Survive Current Crisis, Already Taking Orders for 2021
The third-generation of Williamson Caterers in Willow Grove is determined to survive the current coronavirus pandemic and be there to fulfill the orders for 2021 it is already receiving, writes Andrew Maykuth for The Philadelphia Inquirer. The business has been hit hard by the pandemic. Cancelations began the second week of March, not long after…
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Update: Heeding Governor’s Recommendation, Malls in King of Prussia, Plymouth Meeting and Willow Grove Close
Update: Simon Property Group, owner of the King of Prussia Mall, reversed course and closed the mall around noon Saturday. _______ In the interest of the health and safety of shoppers, store and mall employees, PREIT, the Philadelphia-based real estate trust company that owns both the Plymouth Meeting and Willow Grove Park Mall, announced Thursday…
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Modell’s Sporting Goods Files for Bankruptcy, Plans to Close Remaining Stores, Including Three Montgomery County Locations
Modell’s Sporting Goods has filed for bankruptcy and will close its remaining stores, including three Montgomery County locations, writes Neil Vigdor for the Philadelphia Business Journal. The more-than-a-century-old family-owned sporting goods retailer cited diminished sales of sports apparel as well as millions in unpaid debts in its Chapter 11 filing. The company currently has 141…
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