Corporate Governance

New Rochelle, N.Y. -- X Team partner Welco Realty said that Fairway Supermarket has opened a new store at Plaza 46 shopping center, in Woodland Park, N.J.

The 63,000-sq.-ft. store is the chain’s 10th store, all located in the northeastern United States.
 

Austin, Texas -- Marcus & Millichap Real Estate Investment Services announced that Michael Buckner has rejoined the firm as a senior associate in the Austin office.

Buckner originally joined Marcus & Millichap in October 2003 as an agent specializing in retail property sales. In December 2004, he was promoted to associate and in 2006 he received a Sales Recognition Award from the firm.

New York -- Microsoft Corp. will open its first retail location in Canada at the Yorkdale Mall, the Star reported.

Apple has 23 stores across Canada, including a location at Yorkdale.

The report cited building permit notices which revealed Microsoft has been approved to build a store in Yorkdale center.
 

Ridgefield, Conn. -- Victoria’s Secret has selected Schimenti Construction to build its store located in the Quaker Bridge Mall, Lawrenceville, N.J.
 
Construction of the 13,500-sq.-ft. store is scheduled to begin mid-June and is scheduled for completion in October. The architect for the project is Fitch, Scottsdale, Ariz.
 

Chicago -- The Container Store has selected the Retail Enterprise Suite signage solution from Episys to produce high-quality signage and boost promotional effectiveness and customer service across its stores nationwide.

Johannesburg, South Africa -- RedPrairie Corp., a global supply chain and retail technology provider with a local office in Johannesburg, has been selected by Woolworths South Africa to provide a workforce management solution (WFM) to help improve the in-store customer experience.

RedPrairie’s WFM solution leverages engineered standards and demand-based forecasts to optimize scheduling, task assignment, and performance measurement as well as compute and pay incentives.

New York -- Large emerging markets with an active online user base and solid infrastructure offer retailers the greatest e-commerce potential in the near-term, according to a new study by A.T. Kearney’s Global Consumer Institute. The study ranks the 10 countries with the greatest potential for e-commerce growth, and China tops the list, followed by Brazil (#2), Russia (#3), Chile (#4) and Mexico (#5).

By Jeff Weidauer, [email protected]

Showrooming is the latest in what appears to be a never-ending series of paradigm shifts for retailers. This is the relatively new activity where shoppers visit a brick-and-mortar store, look at a product, and buy it online. Best Buy is possibly the hardest-hit; it’s been slapped with the unfortunate moniker “Amazon Showroom,” which describes just how widespread this phenomenon has become.

A trailblazing town center is getting more space and a cosmetic update.

Easton Town Center (Columbus, Ohio) co-developers Steiner + Associates and The Georgetown Co. have announced that they will be adding more than 50,000 sq. ft. of new tenants this year and renovating more than 150,000 sq. ft. of existing space.

“Great projects evolve on purpose,” said Yaromir Steiner, CEO, Steiner. “Our vision for Easton has been, and continues to be, to challenge ourselves to make it better every day.”

The timing of store openings in Mexico and Central America will be delayed by as much as 90 days due to what the company described as “process changes” that will increase the time required to open a store.

Wal-Mart de Mexico, S.A.B. de C.V. in an update to its expansion program disclosed to the Mexican Stock Exchange that it contemplated completing its 2012 expansion program 60 to 90 days later than originally planned. As a result new store openings for the current year will now range between 325 and 335 units.