Finance & Capital Management

There will be a change at the top of lifestyle apparel retailer Tommy Bahama.

Ross Dress for Less will open a new store in Redlands, California on Oct. 10. The 24,000-sq.-ft. relocation is in Mountain Grove at Citrus Plaza, and is being moved from its previous location at Tri-City Center.

With this location, Ross will operate 274 stores in its largest state. The opening is part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.

Jet is abandoning its fee model less than three months after it launched in order to broaden its appeal to shoppers.

The online marketplace startup announced Wednesday that it will get rid of its $50 annual membership fee.

The TJX Companies announced that chairman and CEO Carol Meyrowitz will step down, effective January 31, 2016.

She will be succeeded by Ernie Herrman, 54, who will retain his current title as president of the company. Meyrowitz, 61, who has been at the helm of TJX since January 2007, will become executive chairman of the company’s board at the time of the CEO transition.

A new event for retailers and consumer package goods executives is taking shape called Shoptalk and the successful entrepreneurs behind its creation have big plans and funding to make it happen.

Ross Dress for Less will open two new stores in Texas on Oct. 10. A 28,000-sq.-ft. North El Paso store is located in Sunland Park Mall, and a 25,000-sq-ft. North Tarrant store is located in Presidio Crossing.

These openings are part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.

BrandsMart USA is giving its store in West Palm Beach, Florida, a comprehensive energy-efficient retrofit without tapping into its own capital.

The chain is the recipient of low-cost financing for the retrofit through the Florida Green Energy Works Program. BrandsMart received $2.225 million from a private investor for the project, which will include new HVAC systems, energy-efficient lighting and a new roof.

One of the strongest performing retailers in the past few years will be getting a new CEO in January.

The company announced that current CEO and Chairman Carol Meyrowitz will step down and be succeeded by Ernie Herrman, 54, who will retain his current title as president of the company.