City of Commerce, Calif. — 99 Cents Only Stores LLC has appointed Jack L. Sinclair as chief merchandising officer. He brings more than 30 years of experience to 99 Cents Only Stores, specifically in grocery retail at both North American and European retailers.
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Toronto — In addition to completing the acquisition of 12 former Target sites, Lowe’s Canada also plans to open two more locations in Ontario. Construction is currently underway in Ancaster and Mississauga, representing an additional investment in excess of approximately C$50 million.
Dubuque, Iowa — Since 1936, Graham’s Style Store has been about creating a uniquely sophisticated customer experience. The current stewards of the Graham’s brand were looking for an updated ambience that would project the traditional quality, service and workmanship for which Graham’s is known, while adding a big dash of fun and sparkle for new generations of customers.
Dublin, Calif. — Ross Stores has opened 19 Ross Dress for Less® and 8 dd’s DISCOUNTS® stores across 15 different states in July. These new locations are part of the off-price retailer’s 2015 expansion plans to add a total of approximately 90 stores during the year, including 70 Ross and 20 dd’s DISCOUNTS.
Los Angeles — Paul Marciano, co-founder and chief executive officer of Guess?, Inc., has named Victor Herrero as his successor and new CEO of Guess?, Inc. in August 2015. Paul Marciano will replace Maurice Marciano as executive chairman of the board and will continue serving as chief creative officer. Maurice Marciano will remain a director, and has been named chairman emeritus by the board of directors.
San Francisco — In response to an increased demand for retail property management services, JLL has agreed to acquire Shelter Bay Retail Group, a retail property management firm based in Mill Valley, Calif. The addition of Shelter Bay’s 74 urban and suburban, open-air shopping centers is expected to increase JLL’s third-party retail property management portfolio in the United States by 6.5 million square feet to a total of 83.5 million square feet.
Hoffman Estates, Ill. — Sears Holdings has hired former Gymboree COO Joelle Maher as president and chief member officer for the Sears format. In this role, Maher will be responsible for developing the Shop Your Way® member-centric business strategy for the Sears format, managing the Sears P&L and aligning merchandising, marketing, pricing and selling with the needs of its members.