Source, The Philadelphia Inquirer, Ellie Silverman
Williams-Sonoma, the San Francisco-based cookware and home furnishing retailer said that it plans to open a store in the King of Prussia Town Center this winter.
The King of Prussia Town Center, located in the Village at Valley Forge, has stores like Nordstrom Rack and Ulta Beauty, restaurants like Fogo de Chao and Honeygrow, and service-centered retailers like Hair Cuttery near the LA Fitness.
The town center is one example of developers and business owners hoping to bring the downtown city experience to suburban life. There’s live music, movie showings on the green space and fitness events. The center is often so popular with shoppers that it’s difficult to find an open parking space, as columnist Maria Panaritis described in April.
Real estate investment firm CBRE Global Investors, which announced its newly executed lease with Williams-Sonoma, said the company will be in a 6,000 square foot space across from the Wegmans and District Taco with plans to open in the winter of 2020.
Shares of William-Sonoma are up almost 30 percent so far this year to $64.15, as of Friday. The company saw its revenue increase about 7 percent last year to almost $5.7 billion.