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Jos. A. Bank to open at Willow Grove Park this spring
Willow Grove, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Jos. A. Bank will open a new store at its Willow Grove Park shopping mall this spring.
The 4,465-sq.-ft. store will be located next to Bloomingdale’s and will join Men’s Wearhouse and Tux, Express, J. Crew, Banana Republic and Guess, expanding Willow Grove Park’s men’s fashion collection.
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Report: Borders plans to pay $8.3 million in bonuses
New York City -- Borders Group, which filed Chapter 11 bankruptcy in February and has announced plans to close about a third of its stores, said it plans to pay key employees as much as $8.3 million in incentives and retention bonuses, Bloomberg reported.
The retailer asked a judge to approve its plan in a filing Thursday in U.S. Bankruptcy Courty in New York. Borders said it has historically compensated employees through incentives.