Retail
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Nostalgia Could Be Triggering a Return of the Chain Bookstore
The heyday of the chain bookstore could be traced to the Harry Potter phenomena between 1997 to 2007, writes Alexandra Lange for Bloomberg CityLab. Amazon.com, dying malls, and fewer bookstores dwindled those chain bookstore crowds over the years. But they could be seeing a resurgence, driven by Millennial nostalgia for Waldenbooks, Borders, and other national…
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Ever-Expanding, Wawa Takes a Look at North Carolina
Wawa continues to bring its Philly goodness to the rest of the country, this time with plans by 2024 to open stores in North Carolina, writes Catherine Muccigrosso for the Charlotte Observer. Wawa’s already listing 17 new store openings by the end of 2022 in Florida, Maryland, New Jersey, Pennsylvania, and Virginia. “We are actively…
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Activist Investor Questions Kohl’s About Its Area Real Estate Portfolio, Including Bucks County Stores
Activist investment firm Macellum Capital Management, a shareholder of Kohl’s, is raising questions about the department-store chain’s real estate portfolio, including its properties in Montgomery County, writes Ashley Fahey for the Philadelphia Business Journal. Jonathan Duskin, CEO of the investment firm that is currently locked in a battle with Kohl’s to gain control of its…
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Constitutional Amendment to Eliminate Pa. Liquor Store Monopoly Is on the Rocks
A plan to eliminate Pa.’s state-run liquor store monopoly through a constitutional amendment has presently hit a snag. Its future is uncertain, even before the issue has even appeared put on a ballot. Tom MacDonald, WHYY, distilled the reasons behind its current inactivity. Republican State Rep. Natalie Mihalek is preparing a constitutional amendment that would…
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Luxury Self-Care Shop Opens in West Chester, Thanks in Part to a Grant from Beyoncé
Odelia, Marie & Patrice — which creates beauty products, accessories, and home goods — recently opened in West Chester, writes Bill Rettew for the Daily Local News. The shop on 117 West Gay Street is owned by Candice Parrish. It sells handmade candles, soaps, body butters, and more. Odelia, Marie & Patrice was started after…
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Willow Grove Mall’s Owner PREIT Has ‘Substantial Doubt’ Over Ability to Stay in Business Over the Next Year
Pennsylvania Real Estate Investment Trust (PREIT), the owner of Willow Grove Park Mall (and others), has “substantial doubt” about being able to remain in business over the next year. The news of its shaky future was contained in its 2021 annual report filed with the Securities and Exchange Commission. Natalie Kostelni bagged the story for…
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The Next Chapter Bookstore, Sellersville, Works to Ensure That Local Authors Enjoy Multi-Volume Careers
The Next Chapter Bookstore in Sellersville has a business model that it hopes will encourage the next local James Michener or Pearl S. Buck. The shop’s enthusiastic support of county authors was covered by Bob Keeler at Montgomery News. The retail location stocks new and gently used books for all ages. And it oversees an…
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King of Prussia’s Nordstrom Shares Soar as Customers Return to Rack Stores
Nordstrom Inc. shares have soared more than 32 percent due to a faster-than-expected recovery at the company’s off-price Rack outlets. The sales model has helped raise hopes about the department store’s ability to staunch further market-share losses against bigger rivals, writes Reuters. For the majority of last year, the company dealt with severe shortages of…
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Amazon Picks Quakertown’s goFLUENT as Its First Companywide Provider of English Skills
goFLUENT, whose U.S. headquarters is in Quakertown, has been selected as an English Language Learning (ELL) training partner for Amazon. The B2B language skill-building company will provide Amazon associates with individualized learning courses that comprise private live coaching, group practice sessions, and access to its AI-powered learning platform. John Ambrose, company president, commented, “English, for…
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Bucks County Leadership: Bob McGowan, Chief Operating Officer at Peddler’s Village
Bob McGowan, the COO of Peddler’s Village, the Delaware Valley’s top tourist destination in 2020, spoke with BUCKSCO Today about growing up in Northeast Philadelphia as one of 11 people (his parents and eight siblings) living in a three-bedroom Olney row house; how his family moved to Holland when his father started his own company;…
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Perkiomen School Graduate Dreams Up Printfresh Pajamas
Leo and Amy Voloshin are living the dream. Their co-owned pajama brand Printfresh, which sells at King of Prussia’s Anthropologie and other local outlets, has surpassed $10 million in revenue in two short years, enabling a great night’s sleep for these entrepreneurs. Lisa Dukart uncovered the details of the business in the Philadelphia Business Journal.…
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Peddler’s Village, Survivor of Numerous Boom-Bust Cycles, Wasn’t Going to Let a Pandemic Beat It, Either
Last year, despite a travel-tourism-retail environment of ongoing uncertainty of the pandemic, Peddler’s Village closed the 2021 books with record-breaking sales. In fact, the site has proven so resilient that the latest performance numbers top the previous sales pinnacle from FY2019, beating it by 35 percent. In 2020, the shopping-dining-performance destination had more than 2…
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Coventry Mall Owner Plans to Break the Retail Template — and Perhaps a Few Walls — to Ensure Its Survival
Pennmark Management plans to break the traditional template for interior malls to ensure a prosperous future for Coventry Mall in North Coventry Township. Evan Brandt bagged the story for the Daily Local News. “I don’t believe interior malls as we knew them are viable anymore,” said CFO Robert Sichelstiel, of Plymouth Meeting–based Pennmark. Pennmark acquired…
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Council Rock High School Alum Launches Printfresh Pajama Brand, Whose Sales Are Anything But Sleepy
Leo Voloshin is living the dream. His co-owned pajama brand Printfresh has surpassed $10 million in revenue in two short years, enabling a fitful night’s sleep for the former Council Rock High School North student and his wife. Lisa Dukart uncovered the details of the business in the Philadelphia Business Journal. Voloshin’s wife, Amy, awoke…
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PREIT, Owner of Willow Grove Mall, Announces Core Sales of Over $600 Per Square Foot
Pennsylvania Real Estate Investment Trust (PREIT), the owner of Willow Grove Mall, closed 2021 on a high note with core mall rolling 12-month sales traversing the $600 per square foot milestone at $603. PREIT properties emerged as winners for the last year thanks to new anchors and a strong mix of existing tenants. Cherry Hill…
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King of Prussia Mall’s Simon Property Group Sees Great Returns from Its Bet on Brick-and-Mortar
Simon Property Group, the King of Prussia Mall owner, has had an amazing year thanks to its bet on brick-and-mortar amid the growth of online shopping, according to a staff report from PYMNTS.com. “We kicked the crap out of ‘21,” said David Simon, the chairman and CEO of Simon Property Group, during the company’s earnings…
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Former Neshaminy Mall Sears Part of National Trend of Repurposing Retail Locations into Healthcare Sites
The former Bensalem Sears in the Neshaminy Mall continues on its way to becoming a community medical center. The repurposing of dormant retail stores into healthcare businesses has become something of a national trend, reports Konrad Putzier for The Wall Street Journal. Neshaminy Mall’s Sears closed in 2018, part of a nationwide series of store…
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Bucks County Florists Overcome Thorny Supply-Chain Issues to Stock Valentine’s Day Roses
Valentine’s Day is around the corner (next Monday, folks), leading numerous shoppers to begin the annual scramble for flower arrangements. That means roses. Red roses. They have been a symbol of love since the days of Greek mythology. Aphrodite is said to have wept tears that, when blended with the blood of her lover Adonis,…
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