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Mass Merchant

  • 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.

  • British clothier Jack Wills to expand U.S. store count

    New York — British apparel retailer Jack Wills is looking to nearly double its store count in the United States, according to various reports in the U.K. media.

    The company, which specializes in preppy clothing for young men and women, currently operates 11 U.S. locations and has plans to add eight to 10 stores next year. It made its U.S. debut in 2010, in Massachusetts.

  • Walmart, T-Mobile team to introduce no-contract wireless offering

    Bentonville, Ark., and Bellevue, Wash. — Walmart and T-Mobile USA, Inc. announced Monday that T-Mobile will launch a $30 unlimited web and text monthly 4G prepaid service plan to be sold exclusively in-store at more than 2,200 Walmart stores and online at Walmart.com and T-Mobile.com.

    The new plan is slated for an Oct. 16 launch.

    In addition, Walmart is increasing its line-up of T-Mobile phones to six, including the addition of Walmart’s first 4G prepaid handset.

  • Wal-Mart to webcast annual meeting for investors

    Bentonville, Ark. -- Wal-Mart Stores, Inc. will webcast its annual meeting for the investment community on Wed., Oct. 12 from approximately 8:00 a.m. CDT to 3:30 p.m. CDT. 

  • Francis named president of JCPenney

    MINNEAPOLIS — Michael Francis, EVP and CMO of Target, and the person charged with leading the retailer's expansion into Canada, has left the company, Target announced Monday.

    “We would like to thank Michael for his many contributions and wish him the best in his future endeavors” said Gregg Steinhafel, chairman, president and CEO.

  • Children's Place names global sourcing exec

    Secaucus, N.J. — The Children's Place Retail Stores, Inc. said Friday that it has named Peter Warner as SVP global sourcing, for the chain.

    Warner will be responsible for the global sourcing and production functions, technical services and Asian operations. Most recently, he served as SVP of Global Sourcing & Operations for Liz Claiborne Inc.

  • Michael Francis leaves Target for J.C. Penney

    New York -- In a surprise announcement, Target said that Michael Francis, executive VP and chief marketing officer of Target Corp., has elected to leave the company.  In January, 2011, Francis was charged with overseeing with Target’s Canadian entrance. 

    The retailer was short on specifics regarding Francis’ departure. 

    "We would like to thank Michael for his many contributions and wish him the best in his future endeavors" said Gregg Steinhafel, chairman, president and CEO, in a statement. 

  • Walmart evolves Canadian leadership too

    With its chief marketing officer, Michael Francis leaving to take on the role of president of JCPenney, Target is temporarily without an executive to head up its expansion into Canada, which should come as good news to Walmart Canada, which recently announced some leadership changes of its own.

    Former Asda executive and Walmart Canada CEO David Cheesewright has a new role that opens up some intriguing growth possibilities, given his new responsibilities include oversight of geographic areas where Walmart doesn’t currently operate stores.

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