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Francis departure muddies marketing outlook, clouds Canadian entry
The revelation this week that Target chief marketing officer Michael Francis had jumped ship to become president at JCPenney was a surprising development that sucked some of the oxygen out of the retailer’s Minneapolis headquarters. Target is all about marketing and Francis was instrumental in shaping some of the most interesting customer communications the marketing world saw during the past decade. He was so highly thought of that earlier this year he was tapped to lead Target’s entry into Canada, arguably the company’s most significant longer term growth driver.
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Regency Centers acquires Tech Ridge Center
Austin, Texas -- Jacksonville, Fla.-based Regency Centers said it closed on the acquisition of Tech Ridge Center, an 187,529-sq.-ft. neighborhood shopping located in Austin, Texas, on Sept. 26.
Built in 2001, Tech Ridge Center is anchored by an 84,352-sq.-ft. H-E-B alongside national retailers including Office Depot, Petco, Subway and Massage Envy. The center is 93% occupied.