How The Supply Chain Crisis Is Being Solved
The supply chain is volatile. There have been many problems of late, and we continually hear about overland trucking issues causing additional delays after merchandise finally gets unloaded from delayed cargo ships. Christmas 2021 was a nightmare, and companies like Walmart and Costco now have their own cargo ships to expedite merchandise to U.S. ports. […]
Philly On The Verge of Another “Rendell” Moment
In a recent Philadelphia Inquirer article, local business leaders discuss how Center City Philadelphia has nearly recovered to pre-pandemic levels of jobs and downtown foot traffic, although non-resident workers still haven’t fully returned physically to their Philly workplaces. In fact, according to a new report from the Center City District, the city could be on […]
Grocers And Restaurants Are Leading Retail Growth
For the First Time in 5 Years, Brick-and-Mortar Retail Openings Are on Track To Outnumber Store Closings Here’s something to look forward to: Brick-and-mortar store openings in 2022 are on pace to outnumber store closings for the first time in five years. The trend is an ironic byproduct of the pandemic, said Erik Foster, a […]
$580 Million in Upcoming Philadelphia projects
Recent proposed projects in Philadelphia show how some of the city’s development hotbeds are continuing to heat up. Just since February 2022, over $580 million in new projects have been proposed for the Greater Philadelphia region. In Fishtown, an area in east Philadelphia, a mixed use development (the Frankford) is being planned for 1120 Frankford […]
The Greatest Retail Innovation Of The Next 30 Years
Amazon’s “Just Walk Out” tech will soon be looked upon as the greatest retail innovation of the next 30 years. The award won’t go to voice commerce. It won’t go to Zuck’s metaverse. It will go to the technology platform that first debuted inside of a small Amazon Go store in January 2018, forever offering […]
Philadelphia Finalizes Plans for Huge Waterfront Mixed-Use Development
Jefferson Apartment Group and Haverford Properties have closed on a long-term ground lease of one of the largest parcels fronting the Delaware River as well as secured construction financing that will pave the way for the development of a mixed-use project along the waterfront. Aside from being one of the biggest, the site is one […]
Home Depot and Lowe’s Post Strong Gains
While demand in the home improvement category has come down from pandemic highs, the biggest players in the sector continued to post sales gains in the fourth quarter. As consumers invested in their homes around the holidays, The Home Depot on Tuesday reported fourth quarter net sales increased 10.7% year over year to $35.7 billion, […]
Philadelphia’s Residential Market Rebounds
The number of residents walking around Center City returned to pre-pandemic levels at the end of 2021, showing the resiliency of downtown’s residential segment, according to the Center City District’s annual housing report released Tuesday. The greater Center City region — from river to river and from Girard Avenue to Tasker Street — has been […]
What Do Consumers Want In 2022?
The past 18 months has reshaped the retail landscape and sent retail analysts into overdrive trying to understand how consumers behaviour has adapted and shifted during the pandemic. What was once accepted truths about shopper’s habits have been disrupted, and understanding what this means for big or small retailers is paramount in 2022. Capgemini’s new […]
Despite Strong 2021 Figures, Expect Slower Growth Ahead
While the U.S. economy bounced back with resilience from 2020′s brief but devastating coronavirus recession, there may be trouble ahead in 2022. Despite the brief recession in 2020, the economy ended 2021 by growing at an unexpectedly brisk 6.9% annual pace from October through December as businesses replenished their inventories, the Commerce Department reported Thursday. […]