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The TJX Companies announced that chairman and CEO Carol Meyrowitz will step down, effective January 31, 2016.

She will be succeeded by Ernie Herrman, 54, who will retain his current title as president of the company. Meyrowitz, 61, who has been at the helm of TJX since January 2007, will become executive chairman of the company’s board at the time of the CEO transition.

Supermarket anchors offer wide range of products and services

Grocery retailers have always served as ideal shopping center anchors, as they guarantee extra foot traffic by providing consumers with their daily needs.

Consumers may be shying away from department stores but they are still flocking to off-price retailers such as TJX, which posted impressive sales and revenue growth in the second quarter.

Framingham, Mass. – The TJX Companies Inc. showed value to its investors in a strong second quarter of fiscal 2016 where it beat Wall street expectations for both profit and sales. The elimination of a debt extinguishment loss and lower interest expenses helped push net income up 6% to $549.33 million, from $517.62 million the same period the prior fiscal year.

Chicago -- J. Crew Group’s new value-priced store concept has announced a second location.

Mercantile, which recently made its national debut at The Shops at Park Lane in Dallas, will open at The Mayfair Collection, in Wauwatosa, Wisconsin.
   

TJX has been on a growth and revenue spree of late, and now the off-price retailer is apparently looking to expand down under.

Major shopping center openings in 2014 beg the question, “Are we back on track?”

Last year may be the first 365-day period since the Great Recession that there is enough new shopping center space to crow about.

Chain Store Age’s annual development survey — spanning 26 years — reported pretty spotty new-build efforts from 2009 to 2013, but in 2014 some significant projects opened.

Alpharetta, Ga. --  Brixmor Property Group announced the opening of a 24,000-sq.-ft. REI at Mansell Crossing in Alpharetta, Georgia.  This is the fifth Atlanta-area location for the national outdoor retailer.