A popular Northern Liberties fried chicken eatery has launched its first franchising efforts after almost six years in operation, with plans to open up to a half-dozen new locations. Love & Honey Fried Chicken, located at 1100 N. Front St., announced the news via social media on Monday. The brand has already received interest from dozens… Read more »
Wells Fargo & Co. has closed three Philadelphia-area bank branches and filed to close three more. According to filings this month with the Office of the Comptroller of the Currency, San Francisco-based Wells Fargo (NYSE: WFC), formally closed locations at 6611 Castor Ave. in the Oxford Circle section of Northeast Philadelphia, 8527 Germantown Ave. in… Read more »
The 100-year-old Famous 4th Street Delicatessen in Queen Village is officially being listed for sale with an asking price of $5.95 million. The listing for the Jewish deli on Feb 15. Although MPN does not include an asking price on its listing, a cross-posting on online commercial real estate marketplace Crexi shows the three-story property… Read more »
Jennifer Roberts started her current role as CEO of JPMorgan Chase’s consumer banking division in March 2021 while the nation’s largest bank was two years into a bold plan to add 400 new locations in 20 new markets over five years, including 50 in the Philadelphia region. As the bank nears the end of its original timeline,… Read more »
Insomnia Cookies has launched global expansion efforts for the first time in the 20-year-old company’s history, with plans to open stores in Canada and the United Kingdom this summer. The Philadelphia-headquartered cookie and dessert retailer’s international presence will start with one store in the Toronto area and two in Manchester, UK. Over the next few… Read more »
Eight months after a shooting that killed three people and wounded 11 on Philadelphia’s South Street, businesses in the neighborhood are still feeling the impact of the tragedy. Late last spring, the South Street Headhouse District was attracting about 30,000 visitors on Saturdays before seeing that number cut almost in half immediately following the mass shooting on… Read more »
PREIT has sold a Whole Foods-leased parcel at Plymouth Meeting Mall for $27 million, part of the Philadelphia real estate investment trust’s ongoing plan to raise capital. The buyer was Agree Realty (NYSE: ADC), a REIT based in Bloomfield Hills, Michigan. Since the beginning of 2022, PREIT has sold assets generating $141 million. Asset sales… Read more »
Eyes Gallery has sold its original home to neighboring Jim’s Steaks, another iconic South Street establishment. Both small businesses were devastated by a July 2022 fire that originated in electrical wiring at Jim’s. The cheesesteak spot, which recently shared plans for rebuilding, will expand into the former gallery next door, according to Eyes Gallery owner Julia Zagar… Read more »
Five Below Inc. said it plans to open more than 200 new stores in 2023 and convert 400 stores to its “Five Beyond” format, which features items priced above its traditional $5 threshold. The Philadelphia-based discount retailer revealed its 2023 expansion plans on Monday as it reported that net sales for the holiday season from… Read more »
Wawa plans to open a technology hub at the site of one of its recently shuttered Center City locations, CEO Chris Gheysens said Friday. Gheysens made the announcement during a panel discussion at the Chamber of Commerce for Greater Philadelphia’s 2023 Economic Outlook event. He told the Business Journal that the Delaware County convenience store chain’s space… Read more »
