Corporate Governance

A Chicago startup has landed partnerships with four major online retailers, including Target, to launch a product meant to rival Amazon’s Alexa, according to the Chicago Tribune.

Petco is losing its longtime chairman and CEO.   Jim Myers, a 26-year company veteran and CEO since 2004, is retiring. Petco pesident and chief merchant Brad Weston, who joined the company in 2011, will succeed Myers as CEO, effective February 1, 2017.   Prior to joining Petco, Weston held senior leadership roles at Dick's Sporting Goods, May Merchandising Company and Robinsons-May.  

It’s not just how much traffic a store gets. It’s what the store does with the traffic that matters. Chain Store Age will present a webinar on how retailers can increase sales even when challenged with lower store traffic.   Store traffic analytics expert Mark Ryski will draw on real-world, data-rich examples as he provides critical information on how retailers can drive significantly better retail performance for the holiday season and beyond—despite persistent ‘traffic trouble’.  

Phillips Edison has acquired the Harbour Village Shopping Center in Jacksonville for an estimated $24.9 million, according to the Jacksonville Business Journal.   The center was sold by a joint venture of MMG Equity Partners and Global Fund Investments, which purchased it in a foreclosure sale for $12.6 million in 2011. At that time, Harbour Village was 86% occupied.  

Aritzia Inc. is expected to raise C$400 million ($302 million) in its initial public offering.   The company, based in Vancouver, sells fashion-forward clothes and accessories for young women. It has 75 stores in North America, including locations in New York, New Jersey, Toronto, Montreal, Boston, and Chicago, along with an online business.  

Amazon is always exploring new and more efficient ways to get its goods to customers.   In what could be its latest move, the Internet giant might be working with a company developing technology that would allow delivery people temporary access when they’re making deliveries, according to a report by techcrunch.com.   For more, click here.   

Publix Super Markets has promoted Bob McGarrity, director of construction, to VP of facilities.    McGarriity replaces 42-year company veteran Dave Duncan, who has announced his decision to retire effective Dec. 31, 2016.    In other appointments, VP of real estate Jeff Chamberlain will be promoted to senior VP, overseeing real estate and facilities, effective Jan. 1, 2017.  

Americans will open their purses for holiday shopping regardless of whether Hillary Clinton or Donald Trump wins the election.      A survey of American voters by RetailNext found the vast majority will not let the outcome of election 2016 affect their planned spending this coming holiday season.   

As it turns out, high-fashion and Lands’ End weren’t perfect together.      Less than two years after she took the reins of Lands’ End, Federica Marchionni has stepped down as CEO. Two current Lands’ End executives—James Gooch, executive VP, COO and CFO, and Joseph Boitano, executive VP and chief merchandising and design officer—were named as interim co-CEOs, effective September 26, while the company searches for a permanent replacement.  

Las Vegas’s first major sports franchise, the National Hockey League’s Black Knights, will build a practice facility in the Summerlin master-plan community west of the Strip.