Wednesday, November 4, 2009

Walnut Street Renaissance?

Philadelphia is finally getting its long awaited Apple store at 1607 Walnut. Apple aside, it's a good sign that retail is returning to Walnut Street after the recession caused a temporary exodus. While Walnut Street seems to have retained - and even gained - business for the super rich, it lacks the business that keep most from fleeing to King of Prussia for a day of shopping. That is exactly what the Apple Store represents. Now if we could just see an Abercrombie & Fitch, American Eagle, Crate & Barrel, and a dozen other mall staples we could give the suburbs a run for their money.

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