Al Urbanski/Chain Store Age – The winds are turbulent in physical retail, and gusting in from several directions. Department store anchors in place for decades are closing shop. The sons and daughters of the suburbs are fleeing to cities or, if not, are demanding more cosmopolitan experiences at traditional malls. Online sellers, though still accounting for […]
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Wal-Mart’s first training academy in Pa. opens near Lehigh Valley
Anthony Salamone/The Morning Call – Chris Dunn has worked in various jobs with Wal-Mart, rising through the ranks from stock clerk to assistant manager in his 16 years with the mass merchandiser. These days, however, he wears a new ID tag on his blue vest: “Academy Facilitator 1.” Wal-Mart on Tuesday celebrated the grand opening of […]
How Does Big Retail Fallout Affect The Valley?
Mark Brodie/WJZZ Phoenix – Over the past couple of weeks, we’ve heard about Macy’s closing 68 of a planned 100 stores across the country and The Limited closing all 250 of its stores. With some big retailers downsizing, we wanted to get a sense of the landscape for the Valley. To do that, I’m joined […]
‘Challenging Retail Environment’ Prompts Macy’s, Sears to Shutter Stores
John Nelson & Katie Sloan/Midwest Real Estate News – Macy’s Inc. (NYSE: M) and Sears Holdings Corp. (NASDAQ: SHLD) both announced on Wednesday plans to close a large number of department stores in an effort to improve their long-term operating performance. Macy’s will close 68 stores and Sears will close 150 non-profitable stores comprising 109 Kmart […]
Four Philly-area Macy’s will close this spring
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 […]
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 […]
