Retail
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IKEA Is Coming to Granite Run, But It Won’t Look Like the One in South Philly
IKEA is officially coming to Delaware County, but if you’re picturing the familiar blue-and-yellow warehouse with the winding showroom, flat-pack aisles, and Swedish meatballs, it’s time for a reset. The new IKEA location planned for The Promenade at Granite Run in Media will be a very different kind of store, one that reflects how the…
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WSJ: Philadelphia-Based Five Below Raises Full-Year Outlook Again After Strong Third-Quarter Sales, Profit
After reporting a jump in third-quarter profits and sales, Philadelphia-based Five Below has raised its full-year outlook, and has revised projections upward for the second quarter in a row, writes Katherine Hamilton for The Wall Street Journal. The value retailer now anticipates annual revenue of between $4.62 billion and $4.65 billion, which are just above…
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Franklin Mall Goes Up for Sale, Several Options in Play for Property’s Future
Franklin Mall, Philadelphia’s largest outlet mall and the second largest in Pennsylvania, has been put up for sale, writes Emma Dooling for the Philadelphia Business Journal. JLL, the real estate firm marketing the mall for sale, has not listed an asking price for the property. With the 137-acre property now on the market, a number…
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Reading Terminal Market Launches New Merchandise Store
Reading Terminal Market, the largest and oldest public market in America, recently celebrated the launch of its new merchandise store, The Market Merch, writes Siafa Lewis for CBS News Philadelphia. In addition to more than 80 merchants already at the market, the new shop includes a dedicated space featuring Reading Terminal-themed gifts, from mugs and…
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Are Philadelphia Malls Like Franklin Mall Worthy Preservation Targets?
A discussion is emerging among Philadelphia preservationists about whether malls, which are increasingly threatened with decline, deserve preservation, writes Kyle Bagenstose for Hidden City. One example is Franklin Mall, which has seen a series of name and ownership changes in recent years. Most recently, its name changed from Philadelphia Mills after it was acquired over…
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30-Minute Amazon Delivery Arrives in Philadelphia
Philadelphia residents can now enjoy even faster and more efficient service as Amazon rolls out 30-minute delivery in the city, writes Victor Fiorillo for Philadelphia Magazine. Philadelphia is one of only two cities where the e-commerce giant started its new faster delivery service, the other being Seattle, home of its headquarters. Although the Amazon service…
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This Women’s Boutique Clothing Store in Overbrook is a True Community Gem
If you’re walking around West Philadelphia, in Overbrook, you’re likely to find a boutique and meeting place that serves as a true gem in the community. That place is Amatullah’s Treasures and can be described in three key ways: modest, elegant, and fabulous, reports Morgan Parrish for FOX 29. “It is a one-stop shop for…
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Center City Retail Occupancy Rises Slightly As Corridor Performance Diverges
Center City has seen a slight rise in retail occupancy and foot traffic this year despite several high-profile closures along Market Street, though the performance has varied significantly across different retail corridors, writes Erin McCarthy for The Philadelphia Inquirer. According to the Center City District’s annual survey of business owners, as of October, approximately 84…
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Convenience Store Liquor in Pennsylvania? Rutter’s Thinks It Could Work
Could convenience store liquor become a thing in Pennsylvania? York County-based Rutter’s is opening a door. Its parent company applied to the Pennsylvania Liquor Control Board to open 64 “limited distilleries” at its stores. That application was denied, but Rutter’s is appealing, writes Steth Kaplan for WHTM, as reported at Yahoo! news. Rutter’s already sells…
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$100M Redevelopment Aims to Turn Plymouth Meeting Mall Into Montco’s Next Town Center
A major transformation is on the horizon for the Plymouth Meeting Mall, writes Paul Schwedelson for The Philadelphia Business Journal. Philadelphia-based LA Partners, formerly known as Lubert Adler Real Estate Funds is under contract to purchase the 110-acre property. The firm plans to invest more than $100 million into redeveloping the aging Montgomery County site…
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The Untold Philadelphia Story of Black Friday’s Beginnings
Black Friday, a term synonymous with shopping frenzies and unbeatable deals, has a history that might surprise you. This story, rooted in the 1950s Philadelphia, is a far cry from today’s retail extravaganza according to The History Channel. It all began with the Philadelphia police. They used “Black Friday” to describe the bedlam following Thanksgiving.…
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Where to Find Fresh Turkey for Thanksgiving in Philadelphia
A high-quality turkey can make or break a Thanksgiving dinner, and many shops and markets around Philadelphia offer fresh birds guaranteed to deliver a more tender, flavorful result, writes Earl Hopkins for The Philadelphia Inquirer. At Godshall’s Poultry at Reading Terminal Market, you can order either boneless or bone-in turkey breast roasts, as well as…
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Philadelphia-Based Gopuff Raises $250M to Go Towards AI Investment, Expansion Plans
Philadelphia-based Gopuff recently raised $250 million, signifying the company’s strongest financial position in its nearly 13-year history, writes Ryan Mulligan for the Philadelphia Business Journal. This comes after a number of business decisions to slim down operations, including administering several layoffs after a rapid growth period that saw Gopuff’s valuation reach as high as $15…
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Now Under New Ownership, Di Bruno Bros is Eyeing Expansion Throughout Philadelphia
Di Bruno Bros is now under the ownership of Brown’s Super Stores, who wants to maintain the local charm of the South Philadelphia-born specialty grocer, writes Emma Dooling for the Philadelphia Business Journal. While doing so, Brown’s also plans to grow Di Bruno’s physical footprint throughout the region over the next decade. Its goal is…
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Havertown Carpet Co. Scores Big as Winner of Firstrust Bank and Eagles’ Brotherly Shove Business Spotlight
Firstrust Bank and the Philadelphia Eagles recently celebrated Havertown Carpet Co. as the winner of the Brotherly Shove Business Spotlight, a program focused on uplifting and promoting businesses in the Greater Philadelphia area. As the winner of the Brotherly Shove Business Spotlight, Havertown Carpet Co. has been awarded up to $25,000 in promotional assets, including…
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Wawa Demonstrates How It Runs a Successful Food Program
Retailers can make a difference in their communities by creating food programs like those implemented by Wawa, writes Jessica Loder for C-Store Dive. Food insecurity hits people from all backgrounds, including about 7.4 million seniors and 20 percent of U.S. children, according to a study by Feeding America. Yet only 12 percent of unused food…
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IKEA Reinvents Affordable Smart Home Devices and Connectivity
From its North American headquarters in Conshohocken, IKEA is setting the stage for a smarter, simpler future at home, writes Sophie Charara for Wired. The retailer has unveiled a sweeping new Matter-compatible smart home lineup, including light bulbs, sensors, plugs, and remotes. The line is designed to make connected living affordable and frustration-free, finally. The…
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Three New Businesses to Open in the Dublin Town Center’s Plaza Next Year
Next year, the Dublin Town Center will be welcoming three new businesses to its selection of stores in The Plaza, writes Jeff Werner for Patch. “Each business will bring something unique and valuable to the Dublin community, furthering Dublin Town Center’s mission to create a vibrant work, play, eat, live environment,” said Evelyn Loughery, the…
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