Marketing

Target Corp. is set to open its largest CityTarget store ever, and the first on the East Coast, at the end of July.

The Boston Globe reports the store, near Fenway Park in Boston, is the largest of the eight CityTargets the Minneapolis-based retail giant has opened since 2012.

CityTargets range in size from 80,000 square feet in Portland, Oregon to 125,000 square feet in downtown Chicago.

The Modesto, Ca.-based Save Mart chain of 217 supermarkets has embarked on a major rebranding effort in the Bay Area where a new 61,000-sq.-ft. protoype bears a reimagined Lucky California banner.

The parent company of Winn-Dixie, BI-LO and Harveys said all profits generated at its nearly 800 stores on July 4 will be donated to the Wounded Warrior Project.

The project’s Independence Program is designed to help warriors who need to rely on their families and friends for support due to injuries they have suffered, such as brain injury, spinal-cord injury, or other neurological conditions. Individualized plans are created with goals to provide a future with purpose at no cost to the warriors or their support teams.

New York -- The off-price segment is on fire, but newcomers to the sector should watch out, warns a report by Moody’s Investors Service.

The U.S. off-price apparel and home products segment continues to grow rapidly as consumers who developed a taste for cheaply priced luxury goods during the recession keep up their hunt for bargains, Moody's Investors Service said in a new report.

Cincinnati -- Kroger now finds itself in need of a COO.  

In an abrupt announcement, Kroger on Tuesday said president and COO Mike Ellis has retired after 40 years with the company. The grocer said a successor will be named at a later date.
 

Hudson, Ohio -- Jo-Ann Fabric and Craft Stores announced a key hire in marketing, and a promotion in merchandising.

Jo-Ann has hired Amy Parker as senior VP, marketing & advertising. Most recently, Amy was the chief marketing officer for Pet Supplies Plus and prior, chief marketing officer for the home division at Sears Holdings.

Previously, she was with Michaels, Toys “R” Us, and several other multi-unit chains.

Blue Apron. Dollar Shave Club. The RealReal. The Honest Company.

E-commerce infrastructure and cybersecurity initiatives. HVAC equipment upgrades and energy management systems. These days, retail CFOs must allocate capital expenditures to an ever-growing list of components — not all visible to the public but critical to corporate health. And while the role of the retail CFO has broadened considerably in recent years, becoming more strategic and more integral to business decision-making, capex spending remains a top item on their agenda.

“The CFO’s role in prioritizing investments, in what gets done, is still there.

The menswear market is hot. Men’s apparel sales in the United States rose 2% in 2014 to $61.3 billion, up from $60.8 billion in 2013.

And Men’s Wearhouse — one of North America’s largest menswear specialty retailers with 1,758 stores — has been taking note.

The retailer is capitalizing on the category’s growth via acquisition-fueled expansion, new designer collections and more customized products and service.

Dallas – Executive shuffling continues at off-price retailer Tuesday Morning Corp, which is now searching for a new CFO.

The company announced that Jeffrey N. Boyer, executive VP, chief administrative officer and CFO, has resigned his position effective July 22. Boyer, 57, will assume the role of executive VP and CFO at Pier 1 Imports Inc. on July 27.