Simon Malls President David Contis.
The King of Prussia Mall just hit a big milestone with its expansion project: The Plaza and Court are now connected by a 170,000 square foot structure that will house 50 new stores, along with cafes, fountains and a new parking complex. Set to be completed in August 2016, the mall will span 2.86 million square feet with 450 retailers and restaurants. (Check out a sweet time-lapse video of the project.)
The man behind it all is Simon Malls President David Contis. Dressed in a suit and white hard hat, he gave me some insight on the project while we toured the site. Read more »
Poor Urban Outfitters…
Urban Outfitters is feeling the heat on Twitter over high prices. Armed with #UrbanOutfittersBeLike, people are berating the Philly-based retail giant over high prices.
It’s hardly the first time the Twitterverse has turned on Urban, which has long been the subject of ridicule for its offensive items — like the bloody Kent State sweatshirt, the Depression T-shirt or the Ghettopoly board game. The backlash seemed to have started when @wholeyattamoney tweeted this about Urban Outfitters’ $8 hair ties. Read more »
Target and CVS just struck a monster deal. (artzenter/Shutterstock and AlbertHerring/ Wikimedia Commons)
Attention Target shoppers: Get ready for a big change at the retailer’s in-store pharmacies.
CVS Health has agreed to acquire Target’s pharmacy and clinic businesses for $1.9 billion. That means more than 1,660 in-store pharmacies in 47 states will be rebranded as CVS/pharmacy.
It also means Target’s in-store clinics will turn into CVS’s popular MinuteClinic. Target plans to open 20 more pharmacies in the United States over the next three years. Read more »
Meet Whole Foods’ sister supermarket.
1. Whole Foods For All
The News: Long considered too expensive by many, Whole Foods revealed details about its highly anticipated, moderately priced grocery chain. It’ll be called 365 by Whole Foods Market. It’s named after the company’s cheaper in-store brand.
Why It Matters: The launch of a less expensive Whole Foods not only makes the brand more inclusive, but will surely take a bite out of traditional grocery stores like Acme and Giant. Read more »
Photo illustration | Alyse Moyer
Buying beer at Wawa is closer to becoming a reality.
Wawa is seeking approval to sell beer at its Concordville, Pa. location on Naamans Creek Road. Other nearby retailers like Wegmans and Whole Foods sell alcohol, so why not Wawa? Read more »
1. Urban Outfitters’ Dreadful Earnings Report Sends Stock Tumbling 16 Percent
The News: Well I guess the experts were wrong. In a shocking earnings report, Urban Outfitters recorded sales of $739 million, which fell well short of analysts expectations of $757.58 million. Online retail expenses and deep discounting were major culprits. Anthropologie — normally a top performing brand — saw sales climb a disappointing 1 percent — the slowest growth in 11 quarters. It reported earnings per share of $0.26, below analysts’ estimates of $0.30. CEO Richard A. Hayne called it a “disappointing quarter” and said the company is “working diligently to regain its fashion footing.”
What it Means: Financial analysts have been raving for months about Urban Outfitters, calling it a comeback story after its flagship brand showed serious growth in the fourth quarter and the company hit $1 billion in revenue. Since October, shares had made a serious recovery and hit multiyear highs. Read more »
Illustration by Melissa McFeeters.
When a Condé Nast Traveler reader poll last January named Philly the second-best shopping city in the world, eyebrows rose. Philly? Better than Paris (23rd), New York (24th) and Milan (not even on the list)? We accepted the honor graciously but secretly shot each other the side-eye, silently acknowledging that while the recognition was nice, it was also complete B.S.
Don’t get me wrong: I love our retail scene. Shopping here is my job, and for the most part, I wouldn’t want to shop anywhere else. But let’s be real: If you were to chart Philly’s retail landscape, it would look something like a heart monitor, with high peaks (Uniqlo, Michael Kors and Vince came!) and sudden dips (Burberry left; Forever 21 opened instead of, well, anything else). We’re doggedly chugging along — and we’re getting there — but with the whole world descending on our doorstep for the impending DNC and papal visit, we have more reason than ever to step it up. Here, what we need to be a contender in the international shopping scene. Read more »
The Delia’s website splash page.
P.S.A.: Today is your last day to shop at Delia’s forever. The phone numbers for the King of Prussia, Montgomery Mall and Deptford Mall locations have all been disconnected, though the Delia’s website says the stores are open until 9pm (the Deptford mall location is open until 9:30pm).
You can try your luck and head there for rock-bottom prices and fixtures, but I’d advise against this as it would feel something like vultures picking the final bits off a dead animal. Go instead to pay your respects to the once-great bastion of tween fashion. R.I.P., Delia’s. It’s been fun.
What to buy and when to buy it. | Shutterstock.
Everyone has a pretty good idea of the best times to buy certain things. Coats are generally the most expensive just before the winter season, swimsuits are the most costly in springtime, and everyone knows to look out for Black Friday deals. But what about cars? Luggage? Lingerie? Kitchen goods?
This handy infographic from Business Insider breaks it all down for you, and some of the tips are very insightful. For example, February is the best time to buy electronics as stores try to clear out older products to make room for new models from the Consumer Electronics Show (which takes place in January).
See the most interesting—and surprising—ones here.
Calling all broke college gals: our three Anthropologie locations (Rittenhouse, Wayne, Marlton) are looking for a couple of extra hands this holiday season. Right now, they are hiring seasonal sales associates—just in time for you to rake in some extra cash and reap the benefits of their unbeatable staff discount, which has reached near-mythological levels.
We stopped by the store (already tricked-out for the holidays) to check out the interview process. Here’s the deal: No appointments or call-aheads are necessary. Just pop by with your resume during the correct time slot. Wayne is holding interviews today until 6pm (they ask you apply online first); Rittenhouse is holding open interviews on Tuesday, November 18th, from 4pm to 6pm. Here’s what you need to know to nail it.
Up first: What to wear?