Jon Harris/The Morning Call – While Macy’s still plans to close 100 of its stores, the struggling retailer’s downsizing will not affect the Christmas shopping you plan to do at any of the department store chain’s locations. That’s because Macy’s won’t reveal the stores that will close until after Santa has left that polo, blazer or […]
Archives for August 2016
The Next Big Challenge
Gail Kalinoski/Commercial Property Executive – That’s where mixed-use projects will fall in. “Our malls are too big. However, the malls are typically on great pieces of real estate,” said Jeff Green, retail industry consultant and principal of Jeff Green Partners. He said owners are “ finally waking up” to non-retail and mixed uses and beginning to redevelop their properties to include multifamily and/or hotels. […]
The 100 Macy’s stores to close will be announced after Christmas
Suzette Parmley/The Philadelphia Inquirer – The incredible shrinking Macy’s empire plans to announce the locations of most of its 100 store closures by the end of January. Elina Kazan, national spokeswoman for Macy’s, said Monday that the majority of the targeted stores to shut will be announced by the end of January 2017, or in about […]
A Limited-Service Hotel With Unlimited Connections
Jeff Green & Jerry Hoffman/Hotel Business Review: – In biology, symbiotic mutualism describes a dynamic where two species living in close proximity to one another engage in a mutually beneficial relationship. Iconic examples include the oxpecker-small birds that feed on ticks and other parasites found on large mammals-and the clownfish, which live in and around sea […]
Shifting to online, Macy’s to close 100 more stores
Suzette Parmley/The Philadelphia Inquirer – Macy’s announced it is closing 100 more stores by early 2017, as the department store giant shifts its attention and resources to an e-commerce and digital strategy. The closures follow the 38 Macy’s closing from this past spring, including the 90,000-square-foot store at the Suburban Square shopping center in Ardmore. Macy’s […]
Will Lehigh Valley Mall Macy’s survive closure threat?
Anthony Salamone/The Morning Call – Macy’s announced plans Thursday to close about 100 stores nationwide as it struggles to define itself amid changing shopping patterns, but a retail analyst who follows the Valley predicts the chain’s 40-year anchor at Lehigh Valley Mall likely will be spared in the consolidation. The closures represent close to 14 percent […]
