Corporate Governance

TJX Cos. is importing one of its Canadian/European brands to the United States.     

Donahue Schriber announced the next phase of Del Mar Highlands Town Center at RECon this week. The 120,000-sq.-ft. addition of GLA will bring the total square footage at the San Diego property close to 400,000.   Called The Collection, the new phase will be anchored by local natural foods grocer Jimbos…Naturally! The company’s leasing strategy for the remainder of the space will focus on retail, dining, and services catering to the area’s highly educated, affluent, and time-constrained consumers.   

Online retailing is changing the game for pet parents.   Specifically, 40% of pet owners are opting to buy pet products online, up from 37% the previous year, and notably higher than results from 2014, according to U.S. Pet Market Outlook, 2017-2018. The report, from research firm Packaged Facts, highlights mergers and acquisitions, retail channel trends, and pet owner demographics and spending habits.  

National Realty & Development Corp. has been in business for some 50 years, and privately held for all that time. It is one of the Northeast’s premier retail owners and developers, with a portfolio of 78 centers. But a ground-up development in Middletown, New Jersey, has served to crystallize what brick-and-mortar retail is all about for longtime president John Orrico.  

Retailers who want a prime location but also one that’s affordable should check out Philadelphia, Chicago and Seattle.  

Walmart will be making big changes to a lot of stores this year, according to a report from MLive.com. Among the roughly 400-640 stores that will get a remodel this year are 12 Michigan locations, the report said.

MLive notes that among the changes coming to stores undergoing a remodel will be a lounge-like area for in-store pickup, the locations of which will move to the front of the store, more fresh and organic offerings, wider aisles and changed sightlines. Three markets in Michigan also will see the piloting of online grocery ordering for in-store pickup, the report said.

Gymboree Corp. has tapped the former chief of Tilly’s executive as the children’s clothing retailer’s new CEO.