Corporate Governance

Minneapolis -- Target wants to keep things simple.

The retailer, which has been moving to simplify its operations, is now taking a similar approach to its store identity. Starting in October, Target will begin the process of rebranding all of its CityTarget and TargetExpress stores as “Target.”

New York -- Uniqlo is coming to Boston.

The Japanese fast-fashion retailer will open its first permanent store in the city, a two-level, 12,000-sq.-ft. flagship in Faneuil Hall Marketplace in October.

In a nod to its surroundings, the store will feature heavy earth tones, wood, and brick with the original walls of the structure exposed. Open ceilings will highlight the building’s original wood trusses.

Grand Rapids, Mich. -- Meijer is on the move in Wisconsin.  

Continuing an estimated $750 million investment in Wisconsin, Meijer on Tuesday opened two more superstores in the state. The retailer announced plans to open two to three new Wisconsin locations per year through 2019.

Meijer, which now operates 222 stores, entered Wisconsin just six weeks ago, with two stores. The retailer traditionally focused its growth on five states: Michigan, Ohio, Indiana, Illinois, and Kentucky.

New York -- Petco Animal Supplies may be headed for an initial public offering or sale.

The retailer has selected Goldman Sachs Group to help with an IPO or sale that could value the pet supplies retailer between $4 billion and $5 billion, including debt, Reuters reported.

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Concord, Calif. -- It’s changing of the guard time at the 157-store BevMo!.

BevMo! announced that Dimitri Haloulos has been appointed CEO, effective Sept. 1. Haloulos, who joined Albertsons Safeway in 2011 and most recently served as senior VP of Own Brands, has spent his career in the consumer packaged goods (CPG) and retail space as an executive in sales, marketing and research across a number of global brands

New York -- A big acquisition of a luxury shoe brand helped Coach top analysts’ fourth quarter earnings forecasts even as its sales and income fell.

Coach’s fourth-quarter net income plunged 84.4% to $11.7 million, down from $75.2 in the year-ago period. Excluding one-time charges, Coach said its net income came in at $85 million, or 31 cents per share, beating the analyst consensus by two cents.

Coach said Stuart Weitzman, which it acquired earlier this year, helped to boost its earnings.

San Francisco -- Gensler announced that Jim Crawford has joined its lifestyle team as director of strategy and experience design. Crawford most recently served as chief experience officer at Chute Gerdeman, where he was responsible for integrating technology into award-winning store and experience design projects.

At Gensler, Crawford will utilize skills to enhance the firm’s practice and work with clients in multiple industries connecting digital and physical design with business and consumer objectives.
 

Chicago -- Some shopping centers are getting dog friendly.

In response to consumer demand for dog-friendly retail centers, nearly 30 JLL-managed properties are now encouraging shoppers to bring their canine companions to the mall for themed events from 5 p.m. to 8 p.m. each Wednesday in August.

The newly launched Dog Days program will test the markets’ receptiveness to a dog-friendly shopping experience with four themed nights at participating centers:

Greenwich, Conn. -- Starwood Retail Partners, the retail operating platform formed by Starwood Capital Group, announced that it has named Angela Aman CFO, effective Aug. 10. Aman brings more than a decade of experience as a financial executive to her newly created position, including having spent the last four years as CFO and treasurer of Retail Properties of America, Inc.

Aman will be responsible for strategic planning, implementing and management of all accounting and financial functions, as well as investor relations and partner reporting.

Boca Raton, Fla. – Office Depot is accelerating its previously announced plan to close at least 400 stores as the retailer awaits its acquisition by Staples.

After shuttering a greater than expected 99 stores in the second quarter, Office Depot boosted its 2015 store closing target to 175 locations, with another 60 due to close in 2016. The closings are on top of 153 closings throughout 2014, including 108 stores in the fourth quarter of last year.