Suzette Parmley/The Philadelphia Inquirer – Empty nesters often downsize into space better suited to their new needs. So do failing department stores that sit empty due to new competition and the rise of digital shopping. Last month, Macy’s Inc. announced it was forming a strategic alliance with Brookfield Asset Management to increase the value of its […]
Archives for 2016
Is Black Friday falling behind Stormy Monday?
Suzette Parmley/The Philadelphia Inquirer – As Gail Kerick began her holiday shopping in earnest last week, she was steadfast in her intent not to shop at all on Thanksgiving Day. “Absolutely not,” said Kerick, 64, a retiree from Morrisville, as she combed the women’s sweater racks at a local Kohl’s. “Everyone needs a family day. You can shop […]
Macy’s to sell Union Square Men’s Store to Morgan Stanley for $250 million
Riley McDermid/San Francisco Business Times – Macy’s will sell its Men’s Store in San Francisco’s Union Square for $250 million, the company said on an earnings call Thursday, as part of a broader effort to shutter 100 stores and reduce its brick-and-mortar presence. “Macy’s will lease the Men’s store property for two to three years as it completes […]
Here’s what Trump’s election could mean for the economy in Tampa Bay and Florida
Jeff Harrington/The Tampa Bay Times – Down in the polls not long ago, Donald Trump predicted his unconventional election as president would be “Brexit times 10.” From an immediate shakeup in the stock market to heightened anxiety over an economic downturn, he may have been right. In an exponential reaction to Britain’s exit from the European […]
Legos help rebrand Plymouth Meeting Mall
Suzette Parmley/The Philadelphia Inquirer – What do you have when you mix tons of kids and 50,000 Lego pieces outside a mall? A groundbreaking for a new attraction designed to generate traffic at a time when the American mall is reinventing itself as a shopping andentertainment venue. That was the scene at Plymouth Meeting Mall on Tuesday […]
Expired food and baby formula remained on Walmart shelves in low-income areas even after publicity
Justine Griffin/Tampa Bay Times – Shoppers in St. Petersburg took to Facebook to express their outrage over finding expired baby formula and other goods at a local Walmart three weeks ago. The post quickly went viral. The Tampa Bay Times wrote a front page story about it and a local television station covered it. At the time, […]
