Commerce
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WSJ: Philadelphia-Based Value Chain Five Below Expands Assortment with More Items Over $5
Philadelphia-based Five Below prices are creeping past $5, as the value retailer has recently added more items that surpass that threshold, with some priced at $20 or more, writes Jennifer Williams for The Wall Street Journal. This is a significant shift for the company, whose name reflects its commitment to selling toys, games, party decorations,…
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Philadelphia Historical Commission Greenlights Reuse Plan for Wanamaker’s Grand Court
The Philadelphia Historical Commission recently approved the first steps of the planned reuse of the Wanamaker Building’s Grand Court, writes Kimberly Haas for Hidden City. The historic building, which was designed in 1910, is considered a landmark anchor for the long-struggling Market East corridor. It was added to the Philadelphia Register of Historic Places in…
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Enjoy a Nice, Romantic Meal With Your Significant Other At These Philadelphia Restaurants
The Philadelphia region has more than a few romantic restaurants, notable for their lighting, pacing, and service that adds a level of romance to each meal, write Michael Klein, Beatrice Forman, Kiki Aranita, and Craig LaBan for The Philadelphia Inquirer. Abyssinia, considered Philadelphia’s first Ethiopian restaurant, is one such place. With a rather small waitlist,…
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This Philadelphia Nonprofit Helps Those With Mental Health, Intellectual Challenges Access Jobs
For individuals with mental health and intellectual challenges, finding a suitable job opportunity can be a difficult ordeal, but a Philadelphia nonprofit is helping remove those barriers, writes Stephanie Stahl for CBS News Philadelphia. COMHAR Inc. is that nonprofit. In the words of COMHAR CEO Trapeta Mayson, “this is about empowerment. It’s about having people…
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February Is When Good Intentions Go Quiet
January starts with clarity. Goals feel exciting. Motivation is high. The year feels open. Then February arrives. Not dramatically. Not all at once. Just quietly. Calendars refill. Old routines sneak back in. The urgency that fueled early momentum softens. Nothing is “wrong,” but something feels … different. Progress slows. Focus scatters. The good intentions you…
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How SEPTA Plans to Prepare for Huge Crowds Coming to Philadelphia for World Cup
While we are still a few months away, SEPTA is hard at work in coming up with how to plan for the countless number of riders it will likely see for this summer’s FIFA World Cup, writes Mike D’Onofrio for AXIOS Philadelphia. The city is set to host six World Cup matches at Lincoln Financial…
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The Simpsons Are Heading to Philadelphia for Special 800th Episode
The Simpsons will soon air its 800th episode and for that milestone episode, the show and its eponymous family are going on a trip to Philadelphia, writes Molly McVety for PhillyVoice. The episode will see Homer and Marge Simpson come to the city as they aim to get their dog, Santa’s Little Helper, in shape…
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American Heart Month is Personal for Young CHOP Patient Celebrating with New Heart
For Kolin, a young patient at the Children’s Hospital of Philadelphia, American Heart Month, observed each February, is especially meaningful this year as he celebrates life with his new heart, write Stephanie Stahl and Casey Kuhn for CBS News Philadelphia. Born with a congenital heart defect, Kolin spent 530 days at CHOP undergoing treatment and…
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New Seven-Year Agreement Anchors Return of Cruising to Philadelphia with New Terminal
A 15.5-acre site recently acquired along the Delaware River will become the location of a Norwegian Cruise Line terminal, as the Port of Philadelphia moves forward with a seven-year deal that will bring cruises back to the city as a home port, writes Ryan Mulligan for the Philadelphia Business Journal. The agreement with the Miami-based…
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New Report Details Who Has Been Moving Into Center City’s New Apartment Buildings
Center City has seen a major influx of new apartments in recent years and a new report breaks down the demographics of the individuals who have been moving into them, writes Molly McVety for PhillyVoice. A recent survey published by the Center City District shows that Philadelphia has been attracting many new residents from other…
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Philanthropic Gift Launches Trauma Center Expansion at Jefferson Abington
Jefferson Health launches a huge fundraising campaign to modernize and expand the trauma center at Jefferson Abington Hospital, according to John George for The Philadelphia Business Journal. Longtime supporters Bruce and Judi Goodman made a donation to kick-start the $30 million campaign. In recognition of their donation, the facility will be renamed the Goodman Emergency…
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Malvern’s Vanguard Announces Second Major Fee Cut in Year, Totaling Nearly $250 Million
Malvern-based Vanguard Group said on Monday that it is slashing fees on 53 investment funds, representing its second major reduction in fees in a year, writes Jeff Blumenthal for the Philadelphia Business Journal. The fee reductions translate to an average savings of 27 percent for investors, totaling nearly $250 million. On Feb. 1, 2025, the firm reduced fees on…
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Medicaid Cuts, Private Equity Ownership Hurting Some PA Hospitals
Bad financial deals aren’t helping Pennsylvania hospitals that are already struggling with Medicaid funding cuts, writes Noah Zucker for Bisnow. About 37 percent of Pennsylvania hospitals now run at a loss. It’s expected that 12 to 14 Pennsylvania hospitals will close in the next five years. Financial strategies like aggressive cost-cutting and sale-leaseback agreements used…
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Two Philadelphia Firms to Merge, Deal Expected to Help Each Expand and Integrate Portfolios
Philadelphia firms Ceisler Media & Issue Advocacy and Athena Global Advisors, respectively, are set to merge, writes Jeff Blumenthal for the Philadelphia Business Journal. Both firms are in the belief that the merger will help each expand and integrate their portfolios of client services moving forward. As a result of the merger, Athena, a marketing…
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Philadelphia Relaunches Annual Campaign to Help Residents Claim Tax Credits
Just in time for tax season, Philadelphia’s Office of Community Empowerment and Opportunity has officially relaunched its “Claim Your Money PHL” campaign. The annual campaign helps ensure Philadelphians claim each dollar they’re owed, primarily focusing on two specific credits — the federal Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC). According to…
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Two Philly Eateries Among Most Beloved Family-Owned Italian Restaurants in Pennsylvania
Two Philadelphia eateries are on the list of family-owned Italian restaurants that locals love and protect like hidden treasures, writes Sierra Brandt for Ever After in the Woods. Ralph’s Italian Restaurant has been a South Philadelphia institution since 1900. It is the oldest Italian restaurant in America in continuous operation, run by the same family…
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A South Philadelphia Ikea Always Puts Customers at the Forefront
The Ikea located on the Delaware River waterfront prioritizes Philadelphians in as many ways as possible, writes Asha Prihar for Billy Penn at WHYY. The idea of adhering to the needs and tastes of its local customers is an Ikea staple that has been its philosophy from the very beginning. This Ikea is no different. …
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Airbnb Reveals Philadelphia Projections for Visitors, Regional Economic Impact for FIFA World Cup 2026
Airbnb is projecting that around 17,000 visitors will book its rentals during the FIFA World Cup 2026, creating what it estimates to be $167 million in regional economic impact, write Alex Barreira and Emma Dooling for the Philadelphia Business Journal. These visits are expected to generate 126,000 room nights throughout Greater Philadelphia during the six…
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