Aerial View is a weekly industry recap that provides a snapshot of relevant retail news from around the nation and in our region.
National View
Hot 100 Retailers
STORES Media ranked the nation’s fastest growing retail chains.
http://www.stores.org/2010/Hot-100-Retailers
Commercial Property Values Dip with Economy
Commercial real estate prices fell 4% as the economy stumbled in June, according to the Moody’s/REAL All Property Type Aggregate Index.
http://nreionline.com/finance/news/property_values_dip_economy_0820
National Chart View
National Quarterly Retail Property Index
Regional View
Broomall Pathmark checking out; 108 to lose jobs
The Pathmark supermarket in the Broomall section of Marple Township will close its doors around October 13th. In addition to closing this store, the Bristol, Bucks County, store will also close in October, according to a letter the parent company wrote to state officials.
http://www.delcotimes.com/articles/2010/08/24/business/doc4c732df1a47d3550017334.txt
Trexlertown shopping center getting face-lift
In an effort to bring in more tenants and revamp the Trexlertown Shopping center on Hamilton Boulevard the ownership has signed a lease with GIANT Supermarket. GIANT relocating from the Shoppes at Trexler. The new store will be an 20,000 SF larger that the one at Trexler and accommodate a café and an expanded health and beauty and organic food selection.
http://www.mcall.com/business/mc-lower-macungie-shopping-center-20100823,0,4963645.story
The recession means great business for discounters
Discounters’ growth in the Lehigh Valley has cut the retail vacancy rate to 5.2 percent. The region’s vacancy rate was 6.9 percent in the year prior.
http://www.mcall.com/business/mc-allentown-discount-stores-20100821,0,6836606.story
Regional Chart View
Greater Philadelphia Population Per Square Mile in 2005
Fameco View
Fameco is pleased to represent The Shoppes at Flowers Mill
Philadelphia Phun Phact
Citizens Bank Park Voted Best Ballpark
Voters show love to the home of the Philadelphia Phillies
Hot off its 100th consecutive sellout, Citizens Bank Park, home of the Philadelphia Phillies, has been voted the No. 1 major league venue in the United States, according to the Philadelphia Daily News.
Source: http://www.nbcphiladelphia.com/news/local-beat/CBP-is-Simply-The-Best-101162499.html
Did You Know?
If you count the seconds without stopping, it would take you eleven-and-a-half days to reach one million, and 32 years to reach one billion.
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The Power of Retail
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