Discount retailer Big Lots plans to close up to 315 stores nationwide, including four in the Philadelphia area, as the chain struggles with financial difficulties. The Columbus, Ohio-based company, which sells low-cost groceries, home furnishings, and toys, recently increased its projected closures from 150 stores in a filing with the U.S. Securities & Exchange Commission…. Read more »
Blink Fitness will close its two Philadelphia gyms—the chain’s only locations in Pennsylvania—at the end of the month. The gyms, located at 5597 Tulip St. in Wissinoming and 330 W. Oregon Ave. in South Philadelphia, are set to shut down on August 30, according to notices on the company’s website. Blink Fitness filed for bankruptcy… Read more »
A popular chain of indoor trampoline and entertainment parks is set to expand with two new locations in Greater Philadelphia next year. Franchisees Kinjal and Purvish Patel plan to open Sky Zone locations in Exton and Langhorne in the fourth quarter of 2025. The husband-and-wife team is currently seeking leases for these upcoming venues. Trampoline… Read more »
Parx Casino is closing its 30-year-old South Philadelphia betting parlor, following approval earlier this year to relocate its operations to a nearby Chickie’s and Pete’s, a move that has sparked controversy. The Bensalem-based gaming destination, owned by Greenwood Racing Inc., will shutter its South Philadelphia Race & Sportsbook at the end of the business day… Read more »
LL Flooring has initiated voluntary Chapter 11 reorganization proceedings in the U.S. Bankruptcy Court for the District of Delaware as part of its strategy to sell the business. The company is actively negotiating with several potential buyers and anticipates seeking the court’s approval for the sale within the early stages of the Chapter 11 process…. Read more »
Amazon is on the verge of doubling the count of Amazon Fresh grocery stores in the Philadelphia region after facing significant delays in launching new outlets. The e-commerce leader is progressing with the opening of an Amazon Fresh store in Bensalem, as stated by a company representative to the Business Journal. Job listings for the… Read more »
Raising Cane’s Chicken Fingers is set to significantly expand its presence in Greater Philadelphia over the next three-and-a-half years, with plans to open 12 additional restaurants in the region by 2027. Since May 2022, the Baton Rouge, Louisiana-based chain has already launched 10 locations in Greater Philadelphia, with another six confirmed and additional areas under… Read more »
The new owners of Neshaminy Mall intend to demolish approximately half of the property and initiate a redevelopment project that integrates various uses complementary to the existing retail. Paramount Realty and Edgewood Properties, in a joint venture announced Monday, acquired the half-vacant Bucks County mall for $27.5 million from Brookfield Properties, according to industry sources…. Read more »
The owner of Philadelphia Mills, Simon Property Group Inc. is in talks to surrender the Northeast Philadelphia mall to its debtholders. According to CMBS reports, Simon Property Group is looking to transfer ownership to the CMBS trusts holding the four notes of its $290 million loan, which matured in June. The noteholders have ordered third-party… Read more »
David’s Bridal will relocate from its longtime corporate headquarters in Conshohocken next month, paving the way for a new residential development on the site. The wedding dress retailer is moving from 1001 Washington St. to 630 Allendale Road in King of Prussia on August 1, according to a company spokesperson. The new headquarters will allow… Read more »
