Suzette Parmley/The Philadelphia Inquirer – And now, Kmart. The troubled retailer announced this week that it was closing 64 stores nationally. Liquidations began Thursday. While only one store will be affected in the Pennsylvania/New Jersey/Delaware region – in far-off Mifflin County, Pa. – the news is more of the same for struggling retailers amid online shopping’s […]
Archives for September 2016
Now Trending: Is it closing time?
I’ve been thinking quite a bit lately about an article I read earlier this summer, a piece by Krystina Gustafson that appeared on cnbc.com entitled, “For retailers, closing stores isn’t as easy as it once was.” The article points out that, despite the fact that “investors are demanding it” and “industry analysts are pushing for it,” and […]
PREIT on the hunt to replace Macy’s at three regional malls
Suzette Parmley/The Philadelphia Inquirer – Pennsylvania Real Estate Investment Trust, which owns several malls in the region, is fishing for “replacement tenants” for its Macy’s stores at Plymouth Meeting, Moorestown, and Altoona malls. A list being circulated among top commercial real estate firms has these three stores listed, according to brokers. A PREIT representative did not […]
