Suzette Parmley/The Philadelphia Inquirer – As expected, the Macy’s stores at Moorestown and Plymouth Meeting Malls, as well as at Neshaminy Mall in Bensalem and Voorhees Town Center, will be closed this year as part of a major streamlining effort by parent company Macy’s Inc. All four are expected to close this spring. A total of […]
Archives for January 2017
Ax falls on 68 Macy’s stores; Lehigh Valley Mall location spared
Jon Harris/The Morning Call – Struggling department store chain Macy’s will close six stores in Pennsylvania this year, but its Lehigh Valley Mall location won’t be one of them. The retailer on Wednesday announced 68 store closings across the country, including the Macy’s at the Plymouth Meeting Mall in Montgomery County and the Macy’s at […]
After a harrowing holiday season, struggling department stores reach a ‘tipping point’
Alessandra Malito/MarketWatch – That avalanche of promotional emails and in-your-face advertisements isn’t cutting it for shoppers, and it’s costing department stores sales and profits — as well as their employees and locations. This week, Macy’s M, -1.17% announced it’s cutting more than 10,000 jobs and identified 68 stores out of the 100 closures it announced last year, Sears SHLD, -4.81% announced on […]
A look at downtown Allentown’s ever-changing retail landscape
Jon Harris/The Morning Call – Sage and Aquarius, two upscale clothing boutiques that were among the original retailers to open along the ArtsWalk, are planning to close in downtown Allentown in February, the latest news in the city’s ever-changing retail landscape. While replacements for the two stores have not been announced, new construction is continuing downtown, which will […]
