Philadelphia — Anchor Shops, a retail store and distribution network for digital brands breaking into brick-and-mortar, will open a store at Fashion District Philadelphia and a distribution center at Moorestown Mall in the second quarter of 2020. Both properties are owned by PREIT. Anchor Shops, a project of ShopFulfill, was conceived to help digitally native brands better compete with legacy retailers by providing online retailers with a turnkey solution that enables them to establish a brick-and-mortar presence and benefit from a low-cost regional distribution network. Depending on the size and type of space required, brands will have the option to join Anchor Shops and its national distribution network starting at $600 per month. Anchor Shops will span 7,000 square feet while the fulfillment center will occupy 30,000 square feet. PREIT opened Fashion District Philadelphia in September.
Digital Brands Retailer to Open 7,000-Square-Foot Store at Fashion District Philadelphia