March 7, 2016
They're the switch hitters of retail - players with a growing presence on the other side of the selling field. Online juggernaut Amazon.com opened its first brick-and-mortar store in November in Seattle. Around the same time, retail heavyweight Macy's announced it was shutting nearly 40 stores this year to beef up its online presence. Same with Sears, JC Penney, and the Gap - all closing stores. Kohl's announced on Feb. 25 that it was closing 18 stores nationwide - with locations to be announced by the end of this month.
February 6, 2016 |
Kohl's Corp. suffered its biggest stock decline in more than two decades after slow fourth-quarter sales weighed on earnings, renewing concerns that the department-store industry is mired in a slump. Same-store sales - a key benchmark for retailers - rose just 0.4 percent in the period, Kohl's said in a preliminary earnings report Thursday. That missed the 0.8 percent projected by Retail Metrics. The company now expects annual profits of $3.95 to $4 a share, excluding some items, far short of the $4.30 estimated by analysts.
January 26, 2016 |
First, it's too warm to buy a new winter coat. Then, just when you need one, a powerful storm forces the stores to close. While many began the exhaustive task of digging themselves and their vehicles out, others stayed indoors, hoping the sun would do much of the work. As a result, the region's malls, restaurants, and bars reopened for business, but their customers didn't return in droves. Wendy Silverwood, 55, of East Goshen, Chester County, was among those who stayed home Sunday.
January 25, 2014 |
Logan Milleman bounced down a hallway of Wills Eye Hospital on Wednesday, showing off his new ID badge: Master Logan, Commander in Chief. He was in good spirits. His right eye has been cancer-free for almost five years. The 6-year-old's parents, Robert and Jeri Milleman, trailed behind him with three large Kohl's bags filled with stuffed-animal toys they had brought for the children in the hospital. He has come a long way. In 2009, Logan's right eye was diagnosed with retinoblastoma, a rare pediatric cancer that is blinding and life-threatening.
December 12, 2013 |
Sunday dumped a snowfall no one was expecting. Tuesday brought a batch everyone knew was coming. But both bursts had the same effect: draining dollars out of the one sector for which every day between Thanksgiving and Christmas is a big deal - retailing. The snowstorms emptied shopping centers and malls on two days of an already shortened 26-day shopping season, thanks to this year's unusually late Thanksgiving. The one-two punch meant stores in one of the nation's most populated metro areas cut staff hours, extended sales in some cases, or redeployed idle workers to stock shelves during the lull, while snowplows cleared lots so shoppers might eventually rush back to play catchup.
November 22, 2013 |
They were next to each other for only a few moments in the Annenberg Center for the Performing Arts before retired Kohl's department store maestro Jay H. Baker ribbed Macy's chairman and chief executive, Terry Lundgren. "Will you stop killing everybody?" Baker asked Lundgren, whose command of Macy's through the rough economy has turned him into a retail rock star as competitors vie to keep pace with his profitably growing $28 billion corporation. "Give everybody a break!" Lundgren smiled widely as he and the former Kohl's president, kindred spirits in trying to boost student interest in retail careers, warmed up for a night of schmoozing and celebration.
September 25, 2013 |
BET Investments, the real estate investment group owned by Toll Bros. cofounder Bruce E. Toll, plans "a walkable mixed-use project" at what is now Granite Run Mall after the firm's successful bid of $24 million for the shopping center near Media. "We are very excited about the deal and its possibilities," said Michael Markman, president of BET Investments, in Horsham. New York-based Rockwood Realty Advisors conducted the sale. Banks represented by CW Capital Management foreclosed on Granite Run in 2011 after national mall owner Simon Property Group and partner Macerich Co. stopped paying interest on $115 million they had borrowed to buy the place, figuring it wasn't worth that much anymore.
August 5, 2013 |
Benjamin H. Kohl, 59, of Philadelphia, a Temple University professor and a leading expert on Bolivia, died Thursday, July 25, of heart failure at his home. Born in Oakland, Calif., Dr. Kohl grew up in St. Louis. He lived in the Spring Garden section of Philadelphia, and before that in West Philadelphia and Mount Airy. Dr. Kohl earned a bachelor's degree in anthropology from San Francisco State University in 1986, a master's in engineering and technology at Washington University in St. Louis in 1992, and a doctorate in city and regional planning from Cornell University in 1999.
July 5, 2013 |
Red, white, and blue, whether worn monochromatically or all together, are the shades of high fashion this summer. These positively patriotic primaries are preppy on Ralph Lauren polos (did you check out the U.S. Open merch tent?), rough-and-tumble Americana on Harley Davidson T's, and exotic on Mondrian prints. Couple our penchant for stylish stars and stripes with a rising sense of American fashion pride and - bang - we're saturated in Independence Day deals popping in our national colors.