BUSINESS
April 25, 2012 | By Maria Panaritis, INQUIRER STAFF WRITER
A $200 million splurge on Cherry Hill Mall during the depths of the last recession, when cash was poured into a full-blown renovation while many Americans were clinging to every last dime, appears to be paying off four years later, according to financial disclosures Tuesday by its owner, Pennsylvania Real Estate Investment Trust. Sales per square foot at the mall reached an all-time high of $623 during the quarter that ended March 31, executives of Center City-based PREIT told investors, and a plan to refinance the property this summer could generate yet another payday for the crown retail jewel of Ronald Rubin's real estate empire by helping to pay down $2.3 billion in debt.
NEWS
January 7, 2010 | By Chelsea Conaboy INQUIRER STAFF WRITER
Burlington Center was packed on the day it opened in 1982, according to Deanna Walls, then a young clerk at the Barbara Moss clothing store. Yesterday, she browsed a mall largely void of shoppers. "Those were the days, and now this mall is dead," she said. "It seems like they have all junk stores in here. " Macy's, one of the mall's three anchors, announced Tuesday that it was closing its 185,000-square-foot store in the Burlington Township mall, citing underperformance. The closure is another hit for a mall that shoppers, tenants, and industry analysts yesterday described as dead.
NEWS
December 20, 2009 | By Suzette Parmley INQUIRER STAFF WRITER
The snowstorm of the decade spelled potential disaster for the region's retailers on what is typically one of the most profitable weekends of the year. As snow crippled the area, retail and restaurant managers from Center City and King of Prussia to Voorhees and Atlantic City worked feverishly with snowplow teams throughout the day to keep up with the massive snowfall and ensure their sidewalks and parking lots were cleared. But many customers stayed home, forcing several malls, which had extended hours for the holiday season, to close early, including Cherry Hill Mall, or not open at all, like The Walk, an outdoor outlet mall in Atlantic City.
NEWS
December 4, 2009 | By Cynthia Henry INQUIRER STAFF WRITER
Nearly every holiday season in Tovah Ross' memory has included gift-wrapping at the Cherry Hill Mall. During the annual fund-raiser for Camden County Hadassah, the Jewish women's service organization, Ross has sat at her mother's elbow and learned the tricks to tying a bow around a bowling ball and disguising a jogging stroller in snowman-covered paper. "It's always been part of my life," said Ross, 22, a Cherry Hill High School East and University of Delaware graduate just back from studying archaeology in Scotland.
NEWS
November 27, 2009 | By REGINA MEDINA, medinar@phillynews.com 215-854-5985
BLACK FRIDAY, the day to rejoice in great deals or revolt against massive consumerism, has arrived. The annual post-Thanksgiving, shop-till-you-drop tradition that kicks off the holiday shopping season, and is covered by the media with a frenzy befitting a World Series game, has its feverish fans and its devoted detractors. It's a day when retailers entice shoppers with deep discounts, when malls give out free snacks and when festive events are intended to get everyone "into the spirit" of the season, retail observers say. For anti-consumer advocates, Black Friday is known as "Buy Nothing Day," a time to stay away from bustling malls and reflect, they say, on the toll that consumerism has taken on the planet.
ENTERTAINMENT
June 14, 2009 | By Craig LaBan, Inquirer Restaurant Critic
Could a concept as enlightened as seasonal, healthful cooking possibly exist at the Cherry Hill Mall? Yes, I know we're talking about the hallowed ground where the first climate-controlled indoor mall east of the Mississippi was born nearly half a century ago. I know we're talking about a town so thoroughly infested with big-box commercialism that any hopeful sprout of independently owned-restaurant spirit is often squashed by the cheesecake weight...
BUSINESS
March 22, 2009 | By Maria Panaritis INQUIRER STAFF WRITER
Versace and Valentino handbags priced at $4,500 and $2,895 dangled from display racks at Nordstrom's gleaming new Cherry Hill store recently as a trainer explained to a circle of sales clerks how to properly court a shopper who "spends $75,000 to $100,000 a year. " It was a display of opulence and affluence in the midst of recession as workers prepared for the opening this Friday of the upscale department store's latest luxury gem, at the newly renovated Cherry Hill Mall. And it raises the question: How on earth is there room for a new luxury store in the middle of this economic mess?
BUSINESS
July 16, 2008 | By Dan Lieberman and Sam Wood INQUIRER STAFF WRITERS
The Cherry Hill Mall's $200 million makeover, while expected to boost the mall's appeal when finished, is taking a toll on merchants in the short run. Starbucks Corp. said yesterday it would close one of two sites there, and other merchants have noted a decline in shoppers. "Usually a lot of people walk around exercising in the morning," coffee drinker Ernie Alejo, sitting at the food court, said yesterday. "They stopped because of all the inside construction. A lot of things have closed.
NEWS
March 30, 2007 | By Daniel A. Cirucci
On the mall, on the mall On the Cherry Hill Mall It's spring in the summer, winter and fall You can shop, you can stroll Where the weather is grand At Cherry Hill, Cherry Hill Your new spring wonderland! Forty-six years ago when the Cherry Hill Mall opened, that catchy jingle filled the radio airwaves and shoppers flocked to their new spring wonderland. On opening day the mall had one department store: Strawbridge & Clothier. The Bamberger's (later Macy's)
BUSINESS
January 18, 2007 | By Madhusmita Bora INQUIRER STAFF WRITER
Scouring the mall for her favorite shop isn't Jeanmarie Farkas' idea of a fun-filled shopping experience. "They need stores with easy access to get in and out," the Marlton resident said recently as she chased after her 2-year-old son, Andrew, at the Cherry Hill Mall. Farkas, 36, is one of a growing number of time-pressed, convenience-driven shoppers who are questioning their love for behemoth malls with long hallways and mazes of stores. Instead, many shoppers now fancy the newer tree-lined, open-air centers such as Wolfson Verrichia's Main Street at Exton, the kind that allows shopping on the go. Mall developers are taking note.