Benjamin Romano/The Seattle Times – PCC Community Markets, the regional chain of cooperatively owned organic-food stores, is joining the ranks of downtown grocers in a big way with a new location in the under-construction Rainier Square tower. As in urban centers around the country, downtown Seattle’s residential population is growing, with developers building apartments and condominiums […]
Katie Burke/San Francisco Business Times – Morgan Stanley has enlisted Gensler to help transform the former Macy’s men’s store in Union Square into a retail magnet with six new stores, two floors of office and a restaurant at the rooftop level. To read more, visit San Francisco Business Times.
Jon Harris/The Morning Call – Back in January 2013, Pennsylvania Real Estate Investment Trust unloaded the 577,000-square-foot Phillipsburg Mall for $11.5 million. Its anchors were J.C. Penney, Sears, Bon-Ton and Kohl’s. Fast-forward to today. J.C. Penney closed in 2014, and Black Rose Antiques and Collectibles finally filled the space more than two years later. Sears shuttered there last […]
Suzette Parmley/The Philadelphia Inquirer – Speculation started last month that online juggernaut Amazon was considering Target Corp. for a takeover and adding “department store” to its list of conquests. But Target may not be Amazon’s only target, say retail observers. Last October, Amazon launched a pilot in 82 Kohl’s stores in Los Angeles and Chicago, where its customers […]
John Harris & Anthony Salamone/The Morning Call – Kutztown resident June Van Duren has remained a loyal Bon-Ton customer, often venturing to Trexlertown to shop even as the department store chain’s once-sprawling offerings began to dwindle in recent years. “They just don’t carry the merchandise they used to have, the variety,” she said. Her complaint […]
Jon Harris/The Morning Call – Ailing department store chain The Bon-Ton Stores Inc. appears to be headed for a restructuring — sooner rather than later. In a filing Monday with the U.S. Securities and Exchange Commission, Bon-Ton said it is engaged in discussions with debtholders regarding potential restructuring alternatives. While the company, co-headquartered in York and […]