Retail Continues To Grow In Philadelphia 12:14 pm
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As economic uncertainty surrounds the global economy, Philadelphia has emerged as a bright spot for the retail industry. A recent article by Peter Tobia on the Shopping Center Business website points out the bright spots in Philadelphia commerce and why retailers see it as a place to grow.
The article shows the growth in the Center City area of Philadelphia and compares it to the growth seen in cities like New York, San Francisco, Washington and Boston. Major retailers continue to see Philadelphia due to the walkability and dense population. Apple opened in the Summer of 2010, Jack Wills opened in 2011 and Marshalls recently announced plans open a store downtown.
We can credit some of the success to the support of the city. Organizations like the Philadelphia Retail Marketing Alliance was formed in 2008 to help foster the grow in all industries in Philadelphia. According to their website the organizations mission is to “enhance the quality and quantity of Center City’s retail offering and to tell the “New Philadelphia story.” They help retailers with marketing, real estate and other needs to make a move to Philadelphia more appealing.
As the economy continues to recover Philadelphia has positioned itself to be one of the premier locations for retailers looking to expand.
