Posts Categorized: Philadelphia retail space

New ALDI Coming to The Quartermaster at 21stand Oregon

Aldi, Philadelphia

Aldi, a German-based grocery chain will develop a brand new 22,000 square foot prototype store on a pad site within The Quartermaster campus at 21st and Oregon Avenues. Expected to break ground this quarter and open by the end of 2022, the new Girard Estates Aldi Supermarket will become the chain’s 12th location in the City of… Read more »

Five Below Looks To Triple Its Store Count to 3,500

Five Below Philadelphia

Discount retailer Five Below is aggressively ratcheting up its growth plans, looking to triple its store count to 3,500 by the end of 2030 and double its sales by 2025 as it creates a shopping experience that caters to younger customers. The Philadelphia-based chain, which now has 1,190 stores in 40 states, unveiled its “Triple-Double” strategy… Read more »

Wells Fargo shuttering 2 more suburban Philadelphia branches

Wells Fargo has announced plans to close 11 more branches, including two in the Philadelphia region and another in the Lehigh Valley. The affected locations cited in a March 15 filing with the Office of the Comptroller of the Currency are: 120 N. Pine St., Langhorne 1110 Chester Pike, Sharon Hill 29 Trembley Drive, on… Read more »

Barstool Sports bar opens in Philadelphia

Barstool Sports officially opened its new bar in Center City on Friday morning, launching in the midst of March Madness.  The 1213 Sansom St. concept was brought to life alongside Wyomissing casino operator Penn National Gaming (NASDAQ: PENN), which holds a 36% stake in the digital media company.  The Philadelphia sports bar takes up the… Read more »

Plymouth Meeting and Willow Grove Malls Owner PREIT Has ‘Substantial Doubt’ Over Its Ability to Stay in Business Over Next Year

Pennsylvania Real Estate Investment Trust (PREIT), the owner of Plymouth Meeting Mall and Willow Grove Park Mall, has “substantial doubt” about being able to remain in business over the next year, according to the annual report the company filed with the Securities and Exchange Commission, writes Natalie Kostelni for the Philadelphia Business Journal. PREIT made this… Read more »

Grocery Outlet opens Northeast Philadelphia

Grocery Outlet Bargain Market is continuing its expansion throughout the region and has opened a store in Northeast Philadelphia.  The Emeryville, California, chain, which is part of Grocery Outlet Holding Corp. (NASDAQ: GO), entered the region last March when it opened a store in East Norriton. It has since opened a total of eight stores including in… Read more »