Get this, you guys: City Fitness is setting up shop on Frankford Avenue in Fishtown, and they’re building a brand new gym that will have — wait for it — a TREE growing in the middle of it. Like, planted in the freakin’ ground of the gym. I can’t be the only one whose jaw drops at the thought of that. Read more »
Rarely does a brand have such a prime opportunity to go from niche retailer to household name. But such is the case for Joy — the brand of mops, steamers, pillows and other household items created by founder Joy Mangano.
Not only was she played by Jennifer Lawrence in the film Joy, but Lawrence just won a Golden Globe and got nominated for an Oscar for her performance. If that weren’t enough, Joy-the-brand is in the midst of a huge rollout in the full footprint of Target, Bed Bath & Beyond, Container Store and Macy’s locations. Some stores like Target and Macy’s are even creating store-within-a-store concepts that will basically be their own “Joy” sections.
So Joy and her company went on the hunt for an advertising agency — and chose Philly’s Red Tettemer O’Connell + Partners. In January, RTOP just launched an ad campaign including TV commercials, digital ads and social media posts. If it’s successful, Joy could become the next Martha Stewart or Rachel Ray. If it fails, the business will likely remain most visible on the Home Shopping Network, where Joy has been selling products for years. Read more »
For years, Walmart seemed to be a company in rapid growth mode. With 11,600 stores worldwide, there seems to be a Walmart close by no matter where you are. But the business is apparently feeling the pain of online shopping and the rise of retailers like Amazon because today it announced plans to close 269 stores worldwide and 154 in the United States.
But never fear Walmart shoppers, there aren’t any closures in Pennsylvania, New Jersey or Delaware. Read more »
As of now, three winning Powerball tickets were sold for last night’s historic $1.5 billion jackpot. However, these three lucky (or unlucky, depending on your thoughts on the lottery curse) people aren’t the only ones raking in cash due to the overwhelming interest in the lottery.
Local ticket retailers were working nonstop to sell the $2 entries, as large groups and solo participants flooded convenience stores, news stands and gas stations in the Philly area. Read more »
The state of New Jersey is alleging foul play by two of the nation’s largest auto repair chains.
Philadelphia-based Pep Boys and Virginia’s Advance Auto Parts have been sued for allegedly overcharging customers in the Garden State. The suit comes just days after Pep Boys agreed to be sold to Carl Icahn for approximately $1 billion and comes from the New Jersey Division Consumer Affairs, through its Office of Consumer Protection and its Office of Weights and Measures.
Both businesses sell auto parts and perform auto repairs at retail locations throughout New Jersey. The suit comes as part of an initiative “designed to ensure that automotive parts stores comply with consumer laws regarding price scanning, disclosure of merchandise pricing, and notices as to the right to a written estimate for automotive repairs.” Read more »
The Fresh Market has set a date for opening its new store in Chestnut Hill. The 21,000-square-foot location at 8208-18 Germantown Avenue will open January 27. It’ll bring 90 new jobs to the area.
If you’ve never been to one, it’s a bit like Whole Foods — high-quality food, good prepared items, lots of good-looking produce and prices on the higher-end of the scale. Fresh Market touted its “unparalleled product selection and expert customer service” and “more than 200 imported and domestic cheeses” in a news release about the store opening.
The Macy’s at Suburban Square in Ardmore, Pa. is closing in the spring.
Opened in 1930, the 102,000-square-foot store employed 74 associates who will soon be laid off, although the company says the displaced workers may be offered positions at nearby stores.
It’s the result of a poor holiday season for Macy’s, which saw sales fall 5.2 percent in November and December. It expects its fiscal fourth-quarter sales to fall below estimates. Read more »
Lucinda Duncalfe can’t help but stand out from the crowd. It’s not because she’s a former University of Pennsylvania basketball player who stands six-foot-one. Nor is it because she trains in Shotokan karate. It’s because she’s a woman who’s been incredibly successful in technology — an industry that’s traditionally been dominated by men.
Duncalfe’s career sounds like a fairy tale out of Silicon Valley, but it all happened right here in the Philly area. In the mid-1990s, she took a big risk (and a serious pay cut) to leave investment company SEI to join a start-up called Infonautics. After that went public, she took another pay cut to land her first CEO gig, at Destiny Software. In 2004, she founded an anti-spam company called TurnTide that sold six months later for $28 million. She went on to start Cuts.com, lead ClickEquations for five years before it sold in 2011, and launch Real Food Works, a delivery service. In all, she’s been a CEO five times.
Since August 2014, she’s served as CEO of Monetate, a Conshohocken-based company that counts Macy’s, QVC, DirecTV, True Religion and other big-time brands as clients. Monetate helps companies deliver personalized communications to consumers after analyzing their behavior across the Web, email and mobile apps. Here’s an easy example: After partnering with Monetate, Famous Footwear now optimizes its website during the winter months to show boots for people in cold states like Pennsylvania and boat shoes for customers in warmer climates like Florida. Read more »
A week after Carl Icahn said he’d be willing to bid up to $1 billion for Pep Boys, the Philly-based auto parts retailer, he’s done just that.
Reuters reports that on Monday, Icahn raised his bid for the company to $18.50 a share — totaling $1 billion — to beat the best competing bid of $17 a share by Bridgestone, a Japanese-based company that’s been attempting since October to buy Pep Boys. That attempt has sparked a bidding war between Icahn and Bridgestone in recent weeks. Read more »