Big National Chain to Close Another Store in Center City Philadelphia, PA
The retail woes in Philadelphia continue as another big retailer has announced they are closing a two-story store in Center City.
Too dangerous for hoagies and coffee
Within the past few days, Wawa made headlines when they announced that they would be shutting down a pair of locations over, "continued safety and security challenges and business factors," according to a statement. Those stores are located on Market Street, one at 12th and the other at 19th Street.
Prior to that news, Rite Aid at 23rd and Walnut closed for good just as the calendar changed from July to August.
And that wasn't the only pharmacy to shut down -- Walgreens at Broad and Chestnut, adjacent to City Hall, ended its decade-long run earlier this year.
Restaurants are strugging
Of course, countless restaurants across the city have faded into history. One of the biggest was Joe's Steaks + Soda Shop on Torresdale Avenue, which closed after seven decades.
Now adding to the retail misery
Now comes word that a national clothing chain is closing another one of its stores in Center City.
According to The Philadelphia Inquirer, H&M will be further shrinking its Center City footprint by closing its store at 1530 Chestnut Street sometime next year.
Company officials would not confirm an actual date, but employees told the publication the store would close on January 4th.
While physical stores will always remain important to us and something we continue to invest in, having the right stores in the right locations is vital to ensure our long-term and sustainable growth.
About two years ago, H&M closed its store on Walnut Street.
The brokers for the storefront say they are actively looking for a new tenant and are trying to lure a business that focuses on food and entertainment to the space.