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Apple opens at Willow Grove Park
Philadelphia -- Pennsylvania Real Estate Investment Trust (PREIT) said that Apple has opened a new store at its Willow Grove Park property in suburban Philadelphia.
The 8,300-sq.-ft. store opened on Nov. 17, bring the total number of Apple stores in PREIT’s portfolio to four.
“The addition of Apple to this already dominant mall will further drive traffic and sales and allow us to enhance the merchandise mix and quality of the shopping experience at Willow Grove Park,” said Joseph F. Coradino, CEO, PREIT.
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Fred's struggles continue amid challenging economy
Any trickle-down of an improving economy hasn't trickled down to Fred's consumer base, Bruce Efird, Fred's CEO, told analysts Tuesday morning in discussing the discounter's third-quarter results. "During the third quarter we continue to see generally weak economic conditions throughout the Southeast which are clearly weighing heavily on our customers and influencing how they shop for their basic needs," he said. "It's more evident that things are not getting better for our core customers."