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Charming Shoppes to close 240 stores
Bensalem, Pa. -- Charming Shoppes said it would close 240 unprofitable stores in 2011, or nearly 12% of its total outlets, and that more than half of those would be Fashion Bug stores.
The locations were not disclosed.
The company said all 30 of its Catherines Plus Sizes stores in outlet locations would be shuttered over a two-year period.
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Tilden Ridge Shopping Center
A 400,000-sq.-ft., Wal-Mart Supercenter- and Lowe’s-anchored, regional shopping center opened on March 15 in Hamburg, Pa.
Tilden Ridge Shopping Center, owned by West Conshohocken, Pa.-based Ironwood Property Group and leased by Metro Commercial Real Estate, was almost six years in the making, and features a site that shares a traffic signal with a 250,000-sq.-ft. Cabela’s store.