The bankruptcy of supermarket chain A&P is already being felt in the Philadelphia region. With nine local Superfresh and Pathmark stores set for closure, the layoffs notices have started to arrive. Read more »
1. Hearing for Wawa’s Beer Sales Pushed Back
The News: A decision on Wawa‘s request to sell beer at a Delaware County store will have to wait, as the conditional hearing on the matter has been pushed back until August 4. It was originally scheduled for Tuesday night. Read more »
NBC Universal Dominating the Movie Industry Right Now
The News: Whether it’s kids freaking out over Minions, teenagers fascinated by Jurassic World or couples going out to see Amy Schumer in Trainwreck, NBCUniversal is dominating the movie business at the moment — and parent company Comcast is reaping the benefits. Read more »
The online retail giant billed the 24-hour sales event as an extravaganza bigger than Black Friday, but it left many yawning or writing snarky comments on social media. There was even a point in the day when #PrimeDayFail was trending higher on Twitter than #PrimeDay. Ouch. Read more »
1. Buy URBN Right Now
The News: When discussing Urban Outfitters‘ stock (URBN), Jefferies analyst Randal Konik made his opinions very clear — it’s a big buy. In fact, Konik said the stock has the potential to increase by 36 percent and hit $50.
How do you go from good idea to more than $75 million in sales? Anthony Bucci is one of the rare people who knows the answer.
Bucci is the CEO of RevZilla, a fast-growing Philly-based company that sells motorcycle jackets, helmets, parts and accessories online. But don’t call it a motorcycle company. Instead, Bucci likes to position it as a technology company specializing in motorcycle equipment. After all, its focus on search engine optimization and acquiring nearly 142,000 YouTube subscribers has created a behemoth that’s still in “hyper-growth mode” in its eighth year. Read more »
1. CVS to Quit Sugary Snacks Next?
The News: The New York Times did a thorough examination of CVS and the future of the pharmacy giant. After CVS voluntarily stopped the sale of tobacco products — and positioned itself as “CVS Health” — an obvious question remained: Will CVS stop selling candy and cookies too? Read more »
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 »
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 »