Mall owner receives new financing

The cash-strapped owner of Cherry Hill Mall and other area shopping centers has closed on a secured credit facility with term loans of $520 million and a $150 million revolving line of credit with its bankers.

Six months in the making, the deal with a consortium of Wells Fargo and more than a dozen other banks soothes fears concerning the Pennsylvania Real Estate Investment Trust's ability to pay its bills.

PREIT announced the package after the close of business Thursday, but before the company's widely anticipated earnings report today.

Read the rest of this article at: Mall owner receives new financing | courierpostonline.com | Courier-Post.

Retailers, shoppers make up snow day

Faye Murman/Courier-Post

By EILEEN SMITH
Courier-Post Staff

An avalanche of shoppers swept into stores Monday, rushing to make up for time lost over the weekend, when most consumers were snowed in by a storm that dumped more than a foot of snow on South Jersey.

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White out dampens shoppers’ outing

DENISE HENHOEFFER/Courier-Post

 By: Eileen Smith, Courier-Post Staff, via CourierPostOnline.com.

It's less than a week until Christmas, a time when shoppers are wondering how low prices will go -- and retailers are wondering how deep consumers will reach into their pockets.

Two-thirds of shoppers have yet to mark the last gift off their list -- and one in four consumers will shop this week, including Christmas Eve, according to the first annual American Express Spending and Saving Tracker research report.

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Macy’s sets overnight shopping schedule

AP Photo

By: Eileen Smith, Courier-Post Staff

Procrastinators, insomniacs and folks who wake up in the middle of the night after dreaming of the perfect gift can shop at Macy's at Cherry Hill Mall for 83 hours straight, starting at 7 a.m. Monday.

"It's perfect if you work the night shift -- or if you can't sleep because you're worried about finishing your shopping," said Lisa Wolstromer, the mall's senior marketing director.

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Zhu Zhu Pets headed to Wal-Mart’s shelves

Associated Press file

By: Eileen Smith

Courier-Post Staff

Shoppers scrambling for Zhu Zhu Pets are expected to scurry to Wal-Mart on Monday, when limited supplies of the automated hamsters will hit store shelves.

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‘LongUnderWear Man’ shops for books

I was searching for YouTube videos in Cherry Hill, NJ, to see what interesting, news-related or just plain odd videos were posted recently in our township. One of the most unusual posts that I found was a guy who refers to himself as the "LongUnderWear Man of New Jersey."

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Procrastinating on holiday shopping, tweet #shopsj

John Jablonowski/for the Courier-Post

Many people have holiday traditions, like decorating the Christmas tree with family or lighting the candles of the menorah together.

I have a holiday tradition that I share with myself every year. It's called "How long can I wait before going shopping?"

And this year, I may be going for a new record...

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New-look Forever makes mall debut

John Ziomek/Courier-Post

By EILEEN SMITH
Courier-Post Staff

Forever 21, a destination for fashion plates on a paper-plate budget, has been supersized at Cherry Hill Mall.

At 26,000 square feet, the two-story XXI Forever has more than twice the space of the original store. In addition to the cheap, chic apparel for young women found in Forever 21, the new concept also offers Twelve by Twelve, a couture line, and Heritage 1981, a vintage-style department for men and women.

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Rosa’s holiday bazaar is this evening

Title: Rosa's Shop Till You Drop Holiday Bazaar
Location: Rosa International Middle School, 485 Browning Lane
Description: Holiday bazaar featuring handmade jewelry, fashion accessories, skincare products, cosmetics, personalized gifts, bakeware, giftware, Tupperware, pet supplies, sports memorabilia, food, Hidden Acre Honey, videography, caricatures and more. Garden State Discovery Museum, Caffe Aldo Lamberti and Cherry Hill Health and Racquet Club will also participate. The bazaar will be held from 6 p.m. to 9 p.m. tonight.

On Cyber Monday, sites see up-click in sales

AP Photo

By EILEEN SMITH
Courier-Post Staff

On a drizzling Cyber Monday, shoppers didn't have to grab umbrellas on their way to the store.

An estimated 100 million consumers, many in their jammies, padded to PCs to click gifts off their holiday lists.

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Pair celebrates shopping tradition

Al Schell/Courier-Post

An aunt-and-niece shopping duo were celebrating their 10th anniversary of Black Friday shopping in Cherry Hill.

Christina Beri and her aunt, Theresa Tolotta, both of Cherry Hill, said the only disagreement they had was how early to wake up and hit the stores.

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Garden State Park discounters doing well

Al Schell/Courier-Post

Foot traffic at Garden State Park is steady this morning, if a little light. Shoppers are mostly concentrated in bargain-conscious big-box stores like Best Buy. Fewer than a handful of consumers were seen during stops to smaller retail stores like Kay's Jewelers and J.Jill.

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South Jersey Black Friday: Long waits pay off for early morning shoppers

Al Schell/Courier-Post

By LAVINIA DeCASTRO
Courier-Post Staff

Michael Rosario's Black Friday shopping strategy involves lawn chairs, blankets, coffee and potato chips.

"We got here at 5 o'clock in the afternoon," said the Pennsauken resident, one of the first customers to enter Best Buy in Cherry Hill when the electronic store opened its doors at 4:45 a.m. today. "It turned out to be worth it."

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Check the guide for shopping options, tweet #shopsj

John Jablonowski/for the Courier-Post

You might know what big stores you want to visit on Black Friday, but would you like to expand your retail repertoire?

If so, go to the Courier-Post's Attractions Guide to learn more about the dozens of shopping centers and shopping districts in South Jersey.

Find out which stores are at each center, and see what the shopping districts such as Collingswood, Haddonfield and others have planned for the holidays - everything from carriage rides to photos with Santa.

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Black Friday sales 2009: Use #shopsj for all the latest

Denise Henhoeffer/Courier-Post file

Social media tools may be your best bet for the hottest Black Friday 2009 sales deals in South Jersey.

Be sure to check Twitter for the #shopsj hashtag -- and feel free to use it yourself -- for updates on all the latest deals in the South Jersey region.

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