Jewelcor Wants To Extend Wilkes-Barre’s Coal Street

Map of Pennsylvania highlighting Luzerne County

Map of Pennsylvania highlighting Luzerne County (Photo credit: Wikipedia)

WILKES-BARRE, PA — What the city can’t do, the owners of the Jewelcor property want to with the extension of Coal Street for development.

Plans are to continue the street west at the intersection with Wilkes-Barre Boulevard by constructing a five-lane roadway, said Joe Lakowski, project manager with Jewelcor Inc.

“We have two potential companies that want to go on the corners,” Lakowski said Friday.

Jewelcor president and chief executive officer Seymour Holtzman and his wife, Evelyn, who own the property, are seeking a construction easement to build the roadway on city property. The easement is listed on the agenda for City Council’s work session Tuesday night.

Read more: http://timesleader.com/news/local-news-news/1304638/Jewelcor-wants-to-extend-W-Bs-Coal-St.

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South Hills Village Mall To Get Major Makeover

Map of Allegheny County, Pennsylvania, United ...

Map of Allegheny County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)

South Hills Village mall will undergo a multimillion-dollar renovation as part of its owner’s plan to spruce up some of its shopping centers — to the tune of $3 billion — through 2016, an official said.

“We’re very focused on making our malls completely up-to-date and with the latest customer amenities, and giving our customers the best experience in which to shop and dine and be entertained,” Les Morris, spokesman for Simon Property Group Inc., said on Thursday.

The recession hurt shopping centers nationwide, so retail property owners have been upgrading malls rather than building more of them, said Jesse Tron, spokesman for the International Council of Shopping Centers in New York.

“I think 2014 will remain more about redevelopment, as opposed to new development,” he said.

Read more: http://triblive.com/news/adminpage/5505569-74/mall-renovation-hills#ixzz2rzxz0IyU
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Macy’s To Cut 2,500 Jobs, Close Stores

Macy's logo

Macy’s logo (Photo credit: Wikipedia)

Macy’s Inc. is cutting 2,500 jobs as part of a reorganization to sustain its profitability.

The announcement comes on the heels of a strong holiday shopping season for the department store chain.

Macy’s said Wednesday that it will reassign or transfer some workers and add some positions, leaving its workforce level at about 175,000.

The Cincinnati-based company plans to close five stores and open eight others, leaving it with 844 stores nationwide once the changes are complete.

Read more: http://www.inyork.com/community/ci_24868130/macys-cut-2-500-jobs?source=rss

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Century III New Owner Seeks To Reverse Vacancy Trend With New Theater

Map of Allegheny County, Pennsylvania, United ...

Map of Allegheny County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)

The owner of Century III is betting that a movie theater could help revitalize the struggling West Mifflin mall.

Las Vegas-based Moonbeam Capital Investments LLC, which bought the mall in May, said it is negotiating with two national chains with a Pittsburgh-area presence to open a first-run movie theater with stadium seating in Century III. Shawl L. Pryor, senior vice president of real estate, won’t name the companies because no lease has been signed.

Contending with a high vacancy rate, about 32 percent, and low foot traffic, the 34-year-old mall needs an entertainment component as part of its revitalization, Moonbeam said.

“We believe that it’s a very important aspect of why people go back to the mall. It’s not just to buy clothing anymore,” Moonbeam Chief Executive Officer Steven Maksin said.

Read more: http://triblive.com/news/allegheny/5157496-74/mall-iii-century#ixzz2nGz6riE4
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Dollar General, Like Its Shoppers, Weathers Tough Times

Four years ago, Jacqueline Horne lost her job as a business agent for a union and became a regular shopper at the Dollar General store in Pennsauken.

On a recent visit, the 46-year-old mother of two, who now works part time at a Wal-Mart store, bought cleanser for 50 cents, candy for $1, press-on nails for $1 (she said she can’t afford to get her nails done), and spices for $2.25, the most expensive item in her cart.

“Actually, it turns out to be cheaper,” Horne said of items at the Dollar General at 3400 Haddonfield Rd., on the border of Pennsauken and Cherry Hill. “When you’re on a budget in this economy, you watch everything.

“They really do have everything you need.”

Read more: http://www.mcall.com/news/nationworld/mc-dollar-general-stores-tough-times-20130926,0,3690723.story

PhillyDeals: Is A High-End Retailer In Gallery’s Near Future?

Work crews have been hammering away, restoring the wood-and-bronze-accented central hall of the former Strawbridge & Clothier store downstairs at 801 Market St. from our Inquirer offices.

Rumors that Bloomingdale’s or another high-end department store will take the space have been current in the neighborhood.  Earlier plans and speculation had centered on a casino, a Target, or high-end restaurants.

Of course, Bloomingdale’s owner, Macy’s Inc., hasn’t announced a new Philly store.  Erin Halley, spokeswoman for Pennsylvania Real Estate Investment Trust (PREIT), told me there’s nothing to announce.

But retail-watchers say PREIT, which didn’t upgrade the Gallery complex when it improved its malls in Cherry Hill, Plymouth Meeting, and other suburbs in the late 2000s, finally looks ready to make a Center City move – especially since it agreed to pay $60 million to buy the last section it didn’t already own from Vornado Realty Trust last fall.

Read more at http://www.philly.com/philly/business/20130712_Is_a_high-end_retailer_in_Gallery_s_near_future_.html#H0ISG0TbHQrRt3SG.99

Dick’s Sporting Goods To Expand Findlay Headquarters

Map of Allegheny County, Pennsylvania, United ...

Map of Allegheny County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)

Six weeks ago, one of the region’s newest corporate players — Chevron — announced agreements to acquire land for a potential regional headquarters. Now one of the more established local players — Dick’s Sporting Goods — is gearing up to expand its own corporate footprint.

Dick’s has reached an agreement with the Allegheny County Airport Authority to lease about 73 acres at the Northfield Commerce Park near Pittsburgh International Airport “for possible expansion of our corporate campus.”

The Findlay-based retailer’s deal is the latest example of an upsurge of interest in the Parkway West office market, which is benefiting from the need for space by energy companies involved in Marcellus Shale drilling.

But the Dick’s deal shows there are other factors at work as well.

Read more: http://www.post-gazette.com/stories/business/news/dicks-sporting-goods-to-expand-findlay-headquarters-691353/#ixzz2WCGzzLWy

King Of Prussia Mall Announces New Retailers

King of Prussia Mall

King of Prussia Mall (Photo credit: Wikipedia)

KING OF PRUSSIA — Simon Property Group, Inc. (NYSE:SPG), the world’s leading retail real estate company, announced the addition of six new merchants, along with three retailer expansions, to King of Prussia Mall.

The center continues to add stores to its more than 400 retail and dining options.

Tommy Bahama opened its first stand-alone store in Pennsylvania in July.

Athleta is set open by the end of the summer.  Designed and tested by women athletes, Athleta offers women’s swimwear and athletic clothing for yoga, running, golf and tennis. Both stores will be located on the upper level of the Plaza.

Read more:  http://www.pottsmerc.com/article/20120831/FINANCE01/120839902/king-of-prussia-mall-announces-new-retailers?nstrack=sid:48949|met:300|cat:0|order:4#full_story

No Wegmans Stores On The Horizon For Berks County

Wegmans Food Markets

Wegmans Food Markets (Photo credit: Wikipedia)

Berks County is in the cross hairs of grocery retailer Wegmans, but somehow the ninth-largest county in Pennsylvania has never been the target.

Now Berks falls between a new distribution hub in Schuylkill County and some of its stores.

This spring, the Rochester, N.Y., upscale grocer opened the $70 million warehouse in Cass and Foster townships, Wegmans’ third and largest warehouse in Schuylkill.

The company said in May that the move completes a distribution hub for fresh and frozen foods. More than 200 new employees were hired to staff it. The distribution hub was subsidized with state incentives of $731,650 in opportunity zone and job training money and job creation tax credits.

Read more: http://readingeagle.com/article.aspx?id=394286

Boscov’s To Open Pair Of Stores

The southwest entrance facade of Woodbridge Mall.

The southwest entrance facade of Woodbridge Mall. (Photo credit: Wikipedia)

Boscov’s Department Store said Thursday that it will open two new department stores, one in New Jersey and one in Maryland, over the next year and a half.

A planned 180,000-square-foot store in New Jersey’s Woodbridge Center mall, Woodbridge, will open in August 2013, while Maryland’s White Marsh Mall will get a 197,000-square-foot store in November, according to a Boscov’s news release.

Read more: http://readingeagle.com/article.aspx?id=386979

Amelia’s To Open Two Stores In Cumru And Muhlenberg Townships

Map of Berks County, Pennsylvania, United Stat...

Map of Berks County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)

Amelia’s Grocery Outlet plans to open two stores in the Reading area and close its Blandon store.

Michael L. Mitchell, president and chief executive officer, said the New Holland, Lancaster County, company, announced that it expects to open a 20,000-square-foot store in Muhlenberg Plaza, previously occupied by Pet Supply Warehouse, 3260 Fifth Street Highway, Muhlenberg Township, prior to Memorial Day weekend.

At that time, Amelia’s will close its 11,000-square-foot store at 8472 Allentown Pike, Blandon.

Amelia’s also will open a 20,000-square-foot store in subdivided space of the former Weis Markets in Parkside Plaza, Cumru Township, Mitchell said.

Read more: http://readingeagle.com/article.aspx?id=374928

7-Eleven Stores Pass 40,000 Locations – More Stores Than McDonald’s!

7-Eleven grows at the rate of a new store opening every three and a half hours.  Really…is that even necessary?  According to 7-Eleven brass, they will add another 2,000 to 2,500 more stores worldwide in 2011.  Five hundred of those will be in the U.S. and Canada.

7-Eleven said they have significant room to grow.  Amazingly, 7-Eleven only operates in 30 U.S. states.  7-Eleven is a subsidiary of Seven-Eleven Japan.  Yes, you read that correctly.  The chain started in Dallas, Texas in 1927.  7-Eleven is now looking to buy existing convenience stores and convert them to 7-Eleven’s.  They are the Borg of the convenience store world.  Resistance is futile.

Another head-scratching factoid is that with a gazillion stores, 7-Eleven stores make up only 5% of the total number of convenience stores in our great nation.  Again, you read that correctly.  Cigarettes are 7-Eleven’s biggest selling item; however, customers can expect to see more hot food and bakery items down the road. 

The chain also has a large private-label program thereby allowing them, sometimes, to only sell the 7-Eleven brand of a particular product.  Less than half of 7-Eleven’s stores sell gasoline, which helps the company open stores faster and in smaller spaces.  On the other hand, 80% of U.S. convenience stores sell fuel.

Oh thank heaven for 7-Eleven…evidently.

Dollar General: Recession Success Story – Expanding In 2011

Dollar General Corporation of Goodlettsville, TN is actually thriving during the recession.  Unlike many businesses, Dollar General is expecting to hire 6,000 new employees and open 625 new stores this year.  I doubt we will be seeing many other chains announcing such large-scale expansion plans for 2011.

Dollar General operates 9,200 stores in 35 states.  The expansion will add three more states to that list.  Residents of Nevada, New Hampshire and Connecticut will soon be getting stores near them!

The Pottstown area has two Dollar General stores located in the North End Shopping Center and Stowe Crossing.

Montgomery Mall Getting New Stores And Improvements

For our readers who shop at Montgomery Mall, good news is on the way for you. 

Mall Management has announced the following enhancements or new additions coming to the mall:

1. JC Penny is renovating their 158,000 square foot anchor store.  Part of the renovation will include a Sephora Cosmetics Boutique.

2. Crazy 8, a subsidiary of Gymboree will open a new store.

3. Body Central, a juniors clothing and accessories store will open a new retail site at the mall.

4. Subway is coming to the food court.

5. China Max is coming to the food court.

6. An Atlantic Book store location is opening.

7. A new AT&T store is coming soon.

8. Weight Watchers is opening a store in the mall.

The Friday evening concert series will continue again this year.  Music starts at 7 pm in various locations around the mall.

http://www.simon.com/mall/default.aspx?ID=847