March 11, 2015 |
If shopping malls are really dying - killed by retail apps, next-day delivery, and those giant "fulfillment centers" rising across Pennsylvania - you wouldn't know it. Not the way big investors like Simon Property Group are buying and selling rival shopping malls. On Monday, Simon - the Indianapolis company that owns one of the largest malls in the United States ( King of Prussia ) and the biggest in Philadelphia ( Philadelphia Mills , the former Franklin Mills) - offered $22 billion, or $91 a share, for national mall chain Macerich Co. , of Santa Monica, Calif.
August 1, 2014 |
Ever since discount designer-apparel department store Century 21 signed on in April as an anchor tenant in the Gallery at Market East, retail analysts have speculated what else might move in. Among the names dropped: "fast fashion" brands such as Uniqlo and Forever 21. Maybe a high-end movie theater. Now that Gallery owner Pennsylvania Real Estate Investment Trust (PREIT) has struck a partnership with retail developer Macerich Co. - a joint venture to redevelop the struggling Center City shopping mall - industry observers have a better clue.
July 31, 2014 |
California-based Macerich Co., which owns 55 U.S. shopping centers including the Deptford Mall, will invest $106.8 million in a joint venture to redevelop the Gallery at Market East and offer "accessible luxury retailing" there, Pennsylvania Real Estate Investment Trust, owner of the 1.4 million-square-foot Center City shopping complex, said Tuesday. Century 21, a New York fashion chain, is remodeling space in the former Strawbridge & Clothier flagship store at the east end of the Gallery at Eighth and Market Streets, with an October opening planned that PREIT has said will help anchor the mall's renovation.
February 17, 2014 |
It has been a tough week for florists. And restaurants. And jewelers. And airlines. Oh, make that just about any business that depends on customers. After a relentless weeks-long onslaught of rough winter weather, Mother Nature did its best on Thursday to deck what was left of our region's economy. A foot of snow closed malls, shuttered stores, delayed travelers, and kept legions of workers at home with their wallets. "It is like everything else," said economist Joel Naroff of Bucks County.
December 2, 2013 |
Karen Donges lives two miles from the Deptford Mall, but you won't see her among the crowds there or at any other mall this holiday season. "I visit the small businesses," Donges said, "because they need us. " Nestled between Black Friday and Cyber Monday is Small Business Saturday, a day for mom-and-pop shops to shine during a time when sales at chain stores stretch through the Thanksgiving weekend. American Express started the nationwide effort to get more people to support local businesses and boost their local economies three years ago, and it has been growing since.
December 1, 2013 |
Had it not been for the multiple bags in each woman's hands, it would have been easy to believe Judy Dunn as she and her sisters griped, during a pause inside the King of Prussia mall, that Black Friday had lost its appeal as the Day of the Deals. "They're killing Black Friday, the retailers," said Dunn, a 55-year-old elementary school principal from Broomall, wagging a cookie in her hand before taking a bite. "The sales weren't there like they used to be. " "Black Friday is not the same," interjected Marijo Gannon, 43, of Broomall.
November 21, 2013 |
NEUMANN-GORETTI High forward Tony Toplyn became the school's second basketball player to pledge allegiance to Campbell University (N.C.) when the 6-6 forward committed to the school yesterday morning. Toplyn, a long-armed player adept at running the floor and blocking shots, will join N-G teammate Troy Harper, who committed to the Fighting Camels in October. Teammate Ja'Quan Newton committed to Miami earlier this month. "We're bringing Philly to North Carolina," Toplyn said last night.
November 11, 2013 |
It's not even Veterans Day yet, but guess who's coming to town. That's right. Santa Claus. Although November is usually associated more with turkeys than elves, Santa Claus has begun appearing at malls across the region in a sure sign of holiday creep. On Friday night, he arrived at the Montgomery Mall in North Wales on a fire truck. Across the river, he paraded through Gloucester County's Deptford Mall on Saturday morning. And at the Moorestown Mall a little later, Santa got a warm welcome when he arrived in a limousine with Mrs. Claus with an entourage that included Frosty the Snowman, Jack Frost, elves, and a nutcracker.
November 8, 2013 |
Inside the Burlington Center, '80s hits by groups such as Tears for Fears reverberate from speakers in the forlorn corridors, a reminder of better days. In 1982, when the center opened on what was once Burlington Township farmland along Route 541, department stores and enclosed regional malls reigned over the retail landscape. What a difference a few decades have made. In 2010, Macy's vacated its enormous Burlington store - originally, Strawbridge's - and in 2012 the mall itself was sold at auction.
August 26, 2012 |
Charles J. Giunta Sr., 87, the third-generation owner of an Italian Market butcher shop that opened in the early 1900s and closed in the 1980s, died Wednesday, Aug. 22, of heart failure at his South Philadelphia home. The family at one time also owned a wholesale slaughterhouse in South Philadelphia and a pig farm in Deptford, Gloucester County, and in the 1980s spawned the butcher shops of two sons now in the Reading Terminal Market. Until this week, Mr. Giunta was a daily presence at the market, where son Charles operates Giunta's Prime Shop and son Martin runs Martin's Quality Meats & Sausages.