2 Stores Set To Replace Macy's At The Moorestown Mall

MOORESTOWN, NJ — Two new anchor tenants will replace Macy’s at the Moorestown Mall, the Pennsylvania Real Estate Investment Trust (PREIT) announced on Wednesday. PREIT was not permitted to name either store due to their contracts on Wednesday.

One of the new stores will take up 25,000 square feet of space and offer off-price home furnishings from top designer brands. Shoppers will be able to access the store from both the inside and outside of the mall.

The other store will take up 18,000 square feet of space and offer off-price outdoor gear. Off-price retailers offer high-quality merchandise for cheap prices. Both stores are set to open next year.

“The Macy’s redevelopment offers an opportunity to bring highly sought after, first-to-market retailers to a vibrant market – enabling us to further distinguish the property,” PREIT CEO Joseph F. Coradino said. “Our efforts at Moorestown Mall are exemplary of the extensive re-merchandising we have executed throughout our portfolio to attract dynamic and differentiated concepts that appeal to our shoppers, driving traffic and sales and enhancing asset value.”

The new stores will join the Moorestown Mall’s already loaded roster of stores, which includes Lord & Taylor, Regal Stadium12 & RPX, H&M, and Rizzieri Salon & Spa, as well as an array of dining options. Earlier this year, Macy's announced it was closing 68 stores nationwide, including the store at the Moorestown Mall.

PREIT, which owns the Moorestown and Cherry Hill malls locally, pointed to the two new stores as among its latest accomplishments. In the past two months, PREIT has announced the addition of several new concepts replacing former department stores.

At Viewmont Mall in Scranton, Pennsylvania, DICK’S Sporting Goods, Field & Stream and HomeGoods opened in space formerly occupied by Sears. Burlington opened in former Sears’ space at Magnolia Mall in Florence, SC, with Five Below and HomeGoods expected to open in Spring 2018. At Capital City Mall in Camp Hill, PA, DICK’s Sporting Goods opened earlier this month, with Fine Wine and Good Spirits to open in November 2017, replacing Sears. At Valley View Mall, Herberger’s replaced a former Macy’s in September.

Patch file photo