By Chris Isaac Earlier this month it was revealed how severely the pandemic had impacted PREIT’s finances, as their trade value on the New York Stock Exchange had sunk to below one dollar. N... Read more
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 typ... Read more
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.... Read more
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 Phila... Read more
Simon Property Group is in talks with Amazon to turn vacant J.C. Penney and Sears space into fulfillment centers, write Ashley Gurbal Kritzer and Natalie Kostelni for the Philadelphia Busine... Read more
By Katie Kohler Although it’s nice to see packages at your doorstep, it lacks the appeal of a “real” retail experience. Remember that? Clothes, shoes, jewelry and more all in their physical... Read more
The Sears store at the Montgomery Mall in North Wales is among nearly 100 Sears and Kmart locations nationwide that will shutter soon after the new year. Six of the stores are in Pennsylvani... Read more
In a move that aims to fill the hole left in the retail market when Babies R Us shuttered, J.C. Penney will soon carry a line of baby products in house at 500 stores. The retailer announced... Read more
Bob Hart, General Manager of the King of Prussia Mall, speaks with MONTCO Today about his West Virginia roots, moving around frequently when he was a kid, and how he used his athletic abilit... Read more
Over half a century since parting ways, malls have started courting grocery stores again to help fill the vacant space left behind by other retail outlets that have folded under the challeng... Read more
