TJX Cos. to expand Marshalls into Canada with up to 100 units long-term
Framingham, Mass. TJX Cos. said Tuesday that it will expand its Marshalls store chain into Canada, with plans to open six locations there initially and up to 100 stores ultimately.
The first Canadian unit is slated to open next spring, according to Carol Meyrowitz, president and CEO, who also said that TJX’s Canadian division has the retailer’s highest returns.
“Canada has been a very successful market for TJX since we first entered in 1990,” she said in a statement. She noted that the Canadian market can ultimately support 90 to 100 Marshalls stores.
Marshalls in Canada will be managed by TJX Canada, the operating group managing the Winners, HomeSense and StyleSense chains there.
TJX has not yet announced specific locations for the Canadian launch.
The company operates 903 T.J. Maxx stores, 819 Marshalls stores, 328 HomeGoods stores and 154 A.J. Wright stores in the United States. In Canada, the company operates 208 Winners locations, 79 HomeSense units and three StyleSense stores. In Europe, the company operates 281 T.K. Maxx stores and 19 HomeSense stores.
Regency names investment VP in Los Angeles
Regency Centers said Monday it has appointed John T. Mehigan as VP investments.
Located in the company’s Los Angeles office, Mehigan will be responsible for identifying, evaluating, and structuring profitable retail development opportunities throughout Southern California, said Regency.
Most recently, Mehigan served as senior development manager for Panattoni Development Co.
Lego opens in Manhattan
New York City Danish toymaker Lego has opened its first location in Manhattan. The two-level, 3,000-sq.-ft. store, in Rockefeller Center, is filled with intricate Lego displays (built by the company’s “Master Builders” who travel the world building specialized Lego projects) of familiar Manhattan landmarks.
The first floor features a wall with hundreds of bubbles filled with individual Lego pieces, including hard-to-find items. Customers are given a small cup and can mix and match the pieces.
The upper level has a play area, and a Master Builder Bar with computers and printers that allow customers to shop and ship, print out specialized building instructions, or design their own Lego kit and have it custom made. An area for Lego-themed birthday parties is also available.
The Manhattan store is based on Lego’s new prototype, which it debuted in Concord, N.C., in 2009. It’s part of an expansion strategy that will give the toy company an estimated 53 stores by yearend.