Tuesday, March 17, 2009
The lease is up for the Larrimor's store at the Union Trust Building. Rather than renewing, the company is making what they call the "competitive" move by setting up shop in the PNC building downtown -- the number one suite, as a matter of fact. PNC will move their offices to the third suite. Larrimor's President Tom Michael says the low rent and appropriate business climate of the new location are reason enough for the decision. "You don't stay in business for 70 years by acting on emotion. You act on good, sound business judgment, and that's what we've done here," says Michael. He says the presence of the Fairmont Hotel nearby might attract more customers. The president added he hopes Pittsburghers realize that the store will not be going out of business now or in the near future. The new location will be ready to shop in by February of 2010.
Posted by wduqnews at 1:58 PM