Strategy

Mississauga, Ontario -- Tb!s the bargain shop, a leading Canadian discount store chain, announced that Beryl “Jack” Buley has been appointed president and CEO, effective immediately. Tb!s operates 238 stores in Canada.

Buley’s promotion is designed to position Tb!s to continue to expand its retail footprint and gain share in the Canadian market. Former president and CEO, Michael Roellinghoff, will assume the role of vice chairman of the board.

Fort Worth, Texas -- Trademark Property Co. said Tuesday it acquired a vacant 67,000-sq.-ft. department store space formerly occupied by Mervyn’s in its Santa Fe Place mall located in Santa Fe, N.M.

The 571,238-sq.-ft. Santa Fe Place was acquired in the summer of 2010. Trademark is directing the remerchandising and redevelopment of the property, which is Northern New Mexico’s only regional mall, for its private equity partner.

Boston -- The Wilder Cos. announced several new hires, including Howard A. West II, who joins the company as asset manager to assist in monitoring various properties’ financial and operating performance, act as a liaison to ownership groups on management and reporting issues, provide assistance on property acquisitions, and oversee daily operations for various shopping centers throughout the portfolio. 

Columbus, Ohio -- Tarrytown, N.Y.-based DLC Management Corp. said that Shoppers World has signed a lease at Northern Lights Shopping Center in Columbus, Ohio. The 40,805-sq.-ft. apparel/variety merchandise retailer signed an eleven year lease and will join a dominant tenant lineup at this 361,000-sq.-ft. shopping center including Kroger, Marshall’s, Sears Outlet, and Citi Trends.

Shoppers World is expected to open in the summer.

New York City -- Prudential Douglas Eilliman’s Retail Group announced that in less than two weeks after arranging the sale of a multi-level retail condominium at 1086 Madison Avenue, the retail sales and leasing team of Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, have leased the boutique space to luxury handbag and accessories importer Muska Milano. 

Cincinnati -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Cincinnati, at Hyde Park Plaza to The Snooty Fox.

An upscale consignment shop, The Snooty Fox has leased 5,000 sq. ft., bringing the center to 96% leased. It is slated to open for business this summer.

The 396,861-sq.-ft. shopping center is anchored by a 99,675-sq.-ft. Kroger and a 69,592-sq.-ft. Biggs alongside national retailers such as Michaels, Massage Envy, Panera Bread, Starbucks and Staples.

BELLEVUE, Wash. — Coinstar will help boost the retail presence of a self-service kiosks provider through a new deal.

DEERFIELD, Ill. — Walgreens announced on Tuesday record sales and earnings for the second quarter as it celebrated a milestone of filling 1-in-every-5 retail prescriptions for the first time in the company's history.

Net earnings for the quarter were $739 million, or 80 cents per diluted share, compared with $669 million, or 68 cents per share, in the year-ago period.

GOODLETTSVILLE, Tenn. -- Though Dollar General's fourth-quarter sales growth came in at slightly below analysts' expectations, the company is still considered a good investment.

Olympia Sports announced that, effective Sept. 1, Dick Coffey, president, will be retiring.  Coffey has served Olympia Sports for more than 35 years, and for the last 12 years he has served as president. He will continue to be involved after his retirement as a member of the company’s board of directors and will consult on new store growth.

The company has named Ed Manganello, general merchandise manager, as our new president effective Sept. 1.  Manganello started his career with Olympia in 1992.