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STRAWBRIDGE & CLOTHIER TO OPEN NEW PHILADELPHIA CLOVER STORE IN SPRING OF 1993

 STRAWBRIDGE & CLOTHIER TO OPEN NEW PHILADELPHIA
 CLOVER STORE IN SPRING OF 1993
 PHILADELPHIA, Sept. 14 /PRNewswire/ -- Strawbridge & Clothier (NASDAQ: STRWA) will open a Clover store in the former Gimbels/Sterns' building at Gallery I on Market Street East between 9th and 10th streets, Philadelphia, in the spring of 1993.
 Agreement in principle has been reached with the owners of the building on a long-term lease for the Mall- and Street-floor levels of the former department store. Clover will lease 104,100 square feet of the 496,435-square-foot building. The remainder of the building will be leased to a combination of retail and office tenants.
 Clover at the Gallery will be the seventh Clover store serving Philadelphia residents. This will bring the total number of stores serving the greater Delaware Valley to 26. Warren W. White, executive vice president of Strawbridge & Clothier and general manager of the Clover stores, said, "We are extremely pleased to be able to bring our self-service, family-oriented merchandise offerings to Center City. At this highly convenient location, easily accessible to public transportation, Clover will be able to serve thousands of new customers. The store will add a new dimension to the retail offerings of the already successful Gallery I and II."
 Peter S. Strawbridge, president of Strawbridge & Clothier, said, "With the addition of Clover to Gallery I, our corporation now offers those who work in the city, visitors and residents a unique choice of the finest in shopping alternatives on Market Street East with a Strawbridge & Clothier department store at 8th Street and now Clover at The Gallery at 9th Street. Our commitment to the city of Philadelphia and the region is strengthened by the addition of this strategically located store."
 /delval/
 -0- 9/14/92
 /CONTACT: F.R. Strawbridge III, 215-629-6456, or P.S. Strawbridge, 215-629-6607, both of Strawbridge & Clothier/
 (STRWA) CO: Strawbridge & Clothier; Clover ST: Pennsylvania IN: REA SU:


CC-LJ -- PH016 -- 9184 09/14/92 13:15 EDT
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Publication:PR Newswire
Date:Sep 14, 1992
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