business news in context, analysis with attitude

The Philadelphia Business Journal reports that, in addition to the previously noted closing of a Genuardi’s store in the area, a Pathmark and a SuperFresh - both owned by A&P - are slated to shut down this week. The moves are a reflection not just of a tough economy, but of increased competition that has made Philadelphia one of the most over-stored markets in the country.
KC's View:
Wasn’t it WC Fields who said, “Last week I went to Philadelphia, but it was closed.”

Not so much anymore. Philadelphia is definitely open for business...but you’d better be really good if you want to survive.