C-SUITE

Top merchant exec to exit drugstore giant

BY Marianne Wilson

Walgreens Boots Alliance is losing its chief merchandising and marketing officer.

Linda Filler, Walgreens' president of retail products and chief merchandising and marketing officer, will depart the retailer effective April 1. Filler has been in the role since January 1, 2015. Prior to joining the drug store chain, she was president of Claire’s Stores. Before Claire’s, Filler served as was executive VP and chief merchandising officer for Sam’s Club,

"We appreciate Linda’s contributions to our company,” Michael Polzin, divisional VP corporate communications at Walgreens Boots, said in an emailed statement to Chain Store Age sister publication Drug Store News. “Under her leadership, we have created a clear plan to accelerate our progress in retail products and we’re seeing market-share growth and improvement in customer satisfaction. Linda has agreed to act in a strategic advisory capacity to us beyond this date. In addition, she has plans to accept a second public company board role and to devote more time to her family."

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News

Retail CEOs meet with Trump

BY CSA STAFF

The CEOs of Gap, Best Buy, Target Corp., J.C. Penney and several other national retailers met with President Trump on Wednesday to discuss tax reform and to make their case against the so-called border tax adjustment.

Brian Cornell, CEO of Target, said in a statement released after the meeting that the group had a "positive and substantive discussion" about economic policy,’ reported the Chicago Tribune. He described the border tax as a "priority issue for Target."

"If enacted, the House proposal would have profound implications for our guests and business, and at Target, we believe that anything that raises prices for families is not a good idea for America," Cornell said.

Chief executives from Auto Zone, Tractor Supply Co., Walgreens Boots Alliance and Jo-Ann Stores were also at the meeting.

Click here to read more.

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DESIGN/CONSTRUCTION

Nordstrom Rack doubles down on Manhattan

BY Marianne Wilson

Nordstrom announced the second Big Apple location for its off-price division.

Nordstrom Rack will open at Durst Organization's mixed-use building at 855 Sixth Avenue.

The approximately 46,500-sq.-ft. store is scheduled to open in fall 2017. It occupy the first three floors of the newly constructed office/residential tower. The location is on the corner of 31st Street, two blocks from Herald Square.

"We are thrilled to announce a second Nordstrom Rack store in Manhattan," said Karen McKibbin, president of Nordstrom Rack. "Having a store near Herald Square – one of the most iconic shopping destinations in the world – is very exciting for us, and we look forward to offering visitors and residents of New York an additional location to shop with us."

This will be the second Nordstrom Rack store in Manhattan. Nordstrom plans to make its full-price debut in New York City in 2016, with a flagship on West 57th Street between Seventh Avenue and Broadway.

In other news, Nordstrom Rack will open its first location in Baltimore, at The Shops at Canton Crossing.

The approximately 32,500-sq.-ft. store is scheduled to open in spring 2019. The Shops at Canton Crossing is a 325,000-sq.-ft. shopping center located on 3501 Boston Street.

Nordstrom Rack joins more than thirty existing retailers and restaurants such as Target, Harris Teeter, DSW, Ann Taylor Loft, Old Navy and Ulta

"The Shops at Canton Crossing features more national retailers than any other shopping center venue in Baltimore City, and the addition of Nordstrom Rack will provide downtown residents, employees and visitors another highly-respected and recognized brand," explained Mark Sapperstein of 28 Walker Development. "The shopping center has succeeded by providing retail offerings that match the demographic profile of new City residents, and shifting shopping habits that previously drew consumers to suburban-area malls and centers.”

The Shops at Canton Crossing is a project of BCP Investors, a partnership comprised of local developers including Mark Sapperstein of 28 Walker Development; Doug Schmidt and Neil Tucker of Workshop Development; and David Strouse of Birchwood Capital Partners.

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