August 12, 2014 |
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.
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.
June 23, 2014 |
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.
June 12, 2014 |
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.
May 13, 2014 |
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.
April 30, 2014 |
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.
April 26, 2014 |
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.
April 25, 2014 |
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.
April 25, 2014 |
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...
March 21, 2014 |
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.