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BUSINESS
December 24, 2012 | By Maria Panaritis, Inquirer Columnist
T'was the Sunday before the Sunday before Christmas, and all through the stores, so few consumer-creatures were stirring . . . well, I barely waited for a food-court burrito, hardly broke a sweat for parking, and saw virtually none of the long checkout lines retailers expect and need during the holidays. Uh-oh , I thought to myself. That bad feeling I'd had on Black Friday, after retailers pulled out the stops with Thanksgiving store openings - only to see less-than-killer crowds the next day - had apparently been a sign of more troubling news to come.
BUSINESS
January 14, 1988 | By SUSAN GUREVITZ, Special to the Daily News
Since 1980, American retailers have been carrying on a love affair with imported clothing makers and spurning the products of domestic apparel manufacturers. But over the past six months or so, the U.S. garment industry has enjoyed a renewed flirtation with retailers, partly in response to the dollar's falling value overseas and partly because of a new perception by consumers that clothing made in the U.S.A. is better. "There's definitely movement in the direction of domestic clothing makers," said Bob Swift, executive director of Crafted with Pride in the USA Council, the non-profit group that developed the "Made in the USA" campaign.
BUSINESS
February 14, 1996 | by Jenice M. Armstrong, Daily News Staff Writer Staff writer Anthony S. Twyman and Daily News wire services contributed to this report
Wallace Oversby had a big decision to make - what kind of lingerie to buy his girlfriend for Valentine's Day. A teddy? A bustier? The 23-year-old Embassy Suites guest services clerk was torn. He said he wanted to get her something sexy but not too risque. "You don't want her to think you're some kind of a freak or anything," he explained, as he left Secrets on South, an intimate-apparel store. Thanks to customers like Oversby, who already had purchased a pair of $70 black Reebok athletic shoes for his sweetheart, many retailers yesterday breathed a collective sigh of relief.
BUSINESS
October 23, 1992 | by Francesca Chapman, Daily News Staff Writer Daily News wire services contributed to this story
To hear some retailers, it won't be the decorations going up, or the carolers singing that will inspire Philadelphians to begin their Christmas shopping. Rather, it's the inevitable end of this year's political campaigns, which have preoccupied customers for months, that may encourage them to get out and spend. "I don't think Bush is going to win, and I think that'll give a real boost to the economy," said Larry Glauser, co-owner of the Sports Favorites apparel store on Cottman Avenue in the Northeast.
BUSINESS
August 6, 1987 | By ROBIN PALLEY, Daily News Staff Writer
Attention Yupscale shoppers: Sharper Image, the executive toy catalog business that also operates 30 retail stores, is racing into Ardmore for an October opening - maybe aboard a pair of its $99 "Frollerskates with Innershoes. " J. Bildner, a hybrid grocery caterer and gourmet operation based in Boston, is renovating a store on Rittenhouse Square, where it will sell things like Ethiopian Harar coffee and goat cheese, side by side with toothpaste and toilet paper. Honeybee, which sells brand-name and designer women's career clothes, is coming to 1711 Walnut St. by early October.
NEWS
January 4, 2013 | ASSOCIATED PRESS
NEW YORK - A last-minute surge in spending saved the holiday shopping season. Major retailers, including Costco, Gap and Nordstrom, on Thursday reported better-than-expected revenue in December. That comes as a relief for stores, which can make up to 40 percent of their annual revenue in the last two months of the year. Americans spent cautiously early in the season as the Northeast recovered from Superstorm Sandy. Then they held back because of fears that the U.S. economy would fall off the "fiscal cliff," triggering massive budget cuts and tax increases that would have amounted to less money in their pockets.
NEWS
September 24, 1999 | by Erin Einhorn, Daily News Staff Writer Staff Writer Mensah M. Dean contributed to this report
They were developers, Realtors and retailers and nearly all of them had one thing in common: But for nine or 10, almost none were registered to vote in Philadelphia. They weren't necessarily campaign contributors, either, and the event was not a fund-raiser. But that doesn't mean that either candidate for mayor could afford to be absent. Nope. If you're going to be mayor in Philadelphia, you need these guys on your team. "They represent important development interests in the city of Philadelphia," said Republican mayoral candidate Sam Katz yesterday after addressing several hundred members of the International Council of Shopping Centers, who were holding their annual regional meeting at the Convention Center.
NEWS
January 19, 2011 | By Elizabeth Wellington, Inquirer Fashion Writer
Nyeemah Davis pulled away from her mother's hand, bounded through Cherry Hill Mall's newest children's clothing store, 77kids, and marched up to the electronic kiosk. Nyeemah, only 4 years old and dressed in a hooded, navy blue 77kids sweat suit, punched the oversize buttons on what looked like a giant iPod touch and snapped a digital self-portrait. Then she wandered over to the leopard-print hoodies. "Oh my God, Ny absolutely loves this store," said Laverne Davis, 28, of Clementon, who shops at the store's slightly grown-up predecessor, American Eagle.
BUSINESS
June 8, 2013 | By Mae Anderson, Associated Press
NEW YORK - In the latest sign Americans are feeling better about the economy, stores across the country had a pickup in sales in May. An improving job picture, a better housing market, and stock market rallies have led to consumer confidence's reaching five-year highs. That has left Americans a bit more likely to reach into their pockets, as monthly revenue reports from national retailers showed Thursday. Revenue at stores open at least a year - an industry measure of a retail chain's health - rose 3.2 percent in May compared with May 2012, according to a preliminary tally of 13 retailers by the International Council of Shopping Centers (ICSC)
BUSINESS
March 3, 1989 | From Inquirer Wire Services
The nation's major merchants turned in solid sales performances in February, they reported yesterday. Industry analysts said the retailers were helped in large part by women's strong responses to new spring fashions. Jeffrey Feiner, a retail analyst at Merrill Lynch & Co., said the results "were slightly ahead of expectations and reflected the continued improvement that was evident during the Christmas and January selling seasons. " The retailers' sales in stores open for more than a year rose an average of 7 percent to 8 percent in February over the same month a year ago, while total sales were up about 16 percent on average, the analysts said.
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BUSINESS
August 12, 2014 | By Jane M. Von Bergen, Inquirer Staff Writer
Rick Forman wanted to pay attention in class at Rutgers University, but he just couldn't handle it. "I was crawling out of my skin," said Forman. "I'm like, 'I have to get out of here,' because I'm in the back figuring out how many thousands of dozens of T-shirts I needed to buy for the flea market. " Forman, 54, who started selling T-shirts at flea markets while he was still in high school, never graduated from college. But he did graduate from flea markets to run Forman Mills, a $275 million retail chain with 2,700 employees, 31 stores painted an aggressive yellow, and a loudmouth ad campaign: Stretch those bills at Forman Mills.
NEWS
July 31, 2014
CONGRESS could soon face an unpleasant task if it wants to extend a law that bans state and local governments from taxing residents to browse the Web. The current law, last renewed in 2007, expires Nov. 1, days before midterm elections. If the law isn't renewed, broadband users would see connection fees similar to those appearing on monthly cellphone bills. So what's Congress doing about all this? The House passed a bill July 15 to permanently ban any Internet-access taxes. But when the bill got to the Senate, things soon got very interesting.
NEWS
June 23, 2014 | By Walter F. Naedele, Inquirer Staff Writer
Beverly Sendrow Tarnopol, 77, of Mount Laurel, owner with her husband, Sheldon, of the former Philadelphia and Lower Merion retailer Tarnopol Furs, died Thursday, June 19, at Thomas Jefferson University Hospital in Philadelphia, after a fall. Mrs. Tarnopol, known as Buni, was born in Philadelphia and graduated from Overbrook High School in 1954. A son, Neil, said that Sheldon Tarnopol's grandfather Max began the business, first in Russia, then in New York City. Between the early 1900s and the 1950s, Tarnopol Furs was at 16th and Diamond Streets in North Philadelphia, before moving in 1956 to the City Line Shopping Center in Philadelphia.
BUSINESS
June 12, 2014 | By Chris Hepp, Inquirer Staff Writer
Eddie Gindi met the family Tuesday. No one who ever pledged to a loved one could have been more solicitous. Executive vice president and co-owner of Century 21, the latest and, arguably, most exotic retailer to commit to Philadelphia, Gindi promised success, devotion, and a boundless future. "We are honored to be part of Philadelphia," he told an enthusiastic crowd at the Union League. "We want to alter the retail landscape here. " And more. "We did not want to open a store and say, 'See you later.' That is not who we are. We want, we need, to be part of the fabric of this community.
NEWS
May 13, 2014 | BY REGINA MEDINA, Daily News Staff Writer medinar@phillynews.com, 215-854-5985
OF COURSE Tom McCusker believes he has one of the best, if not the best, Mexican eateries this side of the Rio Grande. What he didn't know, however, was that a good number of his Spruce Hill neighbors also agreed. Honest Tom's Taco Shop was named "most favorite site" in that bucolic West Philadelphia neighborhood, according to a just-released retail survey conducted by the Spruce Hill Community Association Business Attraction Committee. "I couldn't be happier about it," McCusker said of the cozy house shop on 44th Street near Spruce.
NEWS
April 30, 2014 | By Chris Hepp, Inquirer Staff Writer
Come October, when discount designer-apparel chain Century 21 opens an outpost at the Gallery at Market East, Philadelphia will gain a part of a New York City retail institution known for both its business acumen and its community engagement. The department-store company last week signed a lease with mall owner Pennsylvania Real Estate Investment Trust to fill 100,000 square feet, mostly on the second floor of the old Strawbridge & Clothier store at 801 Market St. In announcing the agreement, Joseph Coradino, PREIT's chief executive officer, called Century 21 an "iconic" retailer that "meets or exceeds the sales of any luxury department store in most malls in this country.
BUSINESS
April 26, 2014 | By Bob Warner and Chris Hepp, Inquirer Staff Writers
Century 21, the discount designer department store coming to the Gallery at Market East, will act as a catalyst for plans to renovate the Center City retail complex, says Joseph Coradino, chief executive officer of Pennsylvania Real Estate Investment Trust, which owns the mall. "Century 21 is a tenant that is in sync with all those new customers we want to bring to the Gallery: the new residents of Center City, the commuters, the conventioneers, the visitors to the historic district, the office workers," Coradino told stock analysts in a PREIT earnings call Thursday.
NEWS
April 25, 2014 | BY VALERIE RUSS, Daily News Staff Writer russv@phillynews.com, 215-854-5987
FOR YEARS, city officials have pushed for a revival of Market Street East, a bleak landscape of "unattractive storefronts, neglected historic assets and large, vacant parcels," as a 2007 Center City District report described it. Yesterday, outside City Hall facing Market East, Paul Levy, the Center City District executive director, was in a small crowd gathered to hear news that Century 21, a New York-based discount designer department store, will...
BUSINESS
April 25, 2014 | By Chris Hepp, Inquirer Staff Writer
Pennsylvania Real Estate Investment Trust, which owns the Gallery at Market East, announced Wednesday that Century 21 Department Stores will anchor the long-anticipated redevelopment of the sprawling Center City retail complex. In recent weeks, the New York-based discount-apparel retailer had been rumored to be a major player in the refurbishing of the struggling mall, but the news was made official in a curt mention during PREIT's quarterly earnings report Wednesday. Century 21 describes itself as offering designer clothing for men, women, and children, as well as cosmetics, handbags, shoes, lingerie, housewares, luggage, and gifts.
NEWS
March 21, 2014 | By Andrew Seidman, Inquirer Trenton Bureau
WESTAMPTON Dozens of interest groups lobbied legislators Wednesday at a Senate budget hearing in Burlington County to maintain or increase funding for their favorite programs next fiscal year, even as New Jersey makes a record payment toward its pension fund. Among the most pressing issues addressed was the scheduled April 1 expiration of New Jersey's interest-arbitration cap, which sets a 2 percent limit on annual raises for police and firefighters. Gov. Christie and other supporters of the cap say it has helped slow property-tax growth.
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