Willow Grove Park Mall - Economic Impact

Economic Impact

The Willow Grove Park Mall serves as a major regional attraction for Abington Township and is the third most profitable mall in the Philadelphia area. In the Pennsylvania part of the Philadelphia area, the Willow Grove Park Mall is the second most profitable mall after the King of Prussia Mall. The mall is regarded as one of three most successful locations for retailers entering the Philadelphia market due to its location and store selection. In 2011, the Willow Grove Park Mall saw sales per square foot of $400. The mall employed 1,871 people in 2010, making it the third largest employer in Abington Township with 8.06% of the jobs in the township.

The opening of the Willow Grove Park Mall led to the decline of retail along Old York Road in Abington and Jenkintown, with department stores such as Bloomingdale's, Sears, and Strawbridge & Clothier relocating from this area to the mall during the 1980s. A Lord & Taylor store in the same area closed in 1989, but was eventually replaced by the King of Prussia location in 1995.

Read more about this topic:  Willow Grove Park Mall

Famous quotes containing the words economic and/or impact:

    But I would emphasize again that social and economic solutions, as such, will not avail to satisfy the aspirations of the people unless they conform with the traditions of our race, deeply grooved in their sentiments through a century and a half of struggle for ideals of life that are rooted in religion and fed from purely spiritual springs.
    Herbert Hoover (1874–1964)

    As in political revolutions, so in paradigm choice—there is no standard higher than the assent of the relevant community. To discover how scientific revolutions are effected, we shall therefore have to examine not only the impact of nature and of logic, but also the techniques of persuasive argumentation effective within the quite special groups that constitute the community of scientists.
    Thomas S. Kuhn (b. 1922)