Department Store

Jacksonville, Fla. -- Stein Mart said Wednesday that it has been granted approval to continue its listing on the Nasdaq stock market while it works to secure full compliance with listing requirements.

According to Stein Mart, a panel gave the retailer a thumbs-up to continue the listing, and Nasdaq has given Stein Mart until August to comply with all applicable requirements for continued listing on the exchange.

HOFFMAN ESTATES, Ill. — Sears Holdings is offering a simple, cost-effective way for businesses to manage storage, picking, packing and shipping of customer orders from Sears Marketplace and other places a merchant sells products.

Fulfilled By Sears allows merchants to market and sell to members of the company's Shop Your Way Rewards program. Sears said members of the program buy and spend more and recently exceeded 60% of Sears’ transactions and sales.

Clarksburg, Md. -- Tanger Factory Outlet Centers and Peterson Cos. said Wednesday that the pair will develop an upscale outlet center in Clarksburg, Md.

The new outlet center, currently in the pre-development stage, will be branded as Tanger Outlets and located 27 miles northwest of Washington, D.C. and 36 miles west of Baltimore.

Softer than expected sales trends prompted Target to lower its first quarter earnings outlook Tuesday morning.

The company said it now expects first quarter comps to be flat, after previously forecasting a range of flat to 2% growth. The softer than expected sales prompted the company to revise first quarter adjusted profit expectations to an unspecified level of "slightly below" earlier guidance of $1.10 to $1.20.

New York -- Macy’s Inc. filed an appeal on Monday, challenging Manhattan state court judge Jeffrey Oing’s Friday ruling that J.C. Penney can sell unbranded Martha Stewart goods in its stores, at least temporarily.

Penney was celebrating the decision that would allow it to sell Martha Stewart items as long as they didn’t carry her name, especially since the products – valued by one analyst at $100 million -- were already manufactured and being stored in warehouses. 

Corpus Christi, Texas -- Fort Worth, Texas-based Trademark Property Co. announced that TJX Cos. concepts T.J. Maxx and HomeGoods will open this fall at The Shops at La Palmera, a 200,000-sq.-ft. outdoor shopping center in Corpus Christi, Texas.

Construction has already begun on the 44,750-sq.-ft. space accommodating the two new stores, which will be located adjacent to one another, each with a separate store entrance. The Shops at La Palmera store marks T.J. Maxx’s first in Corpus Christi. HomeGoods is new to market also.

LAKELAND, Fla. — Publix has elected Beall’s CEO Steve Knopik to its board of directors.

“We are pleased to have Steve join the Publix board,” said Publix chairman of the board Charlie Jenkins Jr. “His strong retail and financial background and commitment to the community will make him a strong addition to our board.”

San Francisco -- Dallas-based Cypress Equities said Monday that construction is about to begin on the site of what will become Market Street Place, a 250,000-sq.-ft. retail center scheduled to open in 2015 and co-developed by Cypress Equities and The Carlyle Group.

Market Street Place will be a six-level, urban retail redevelopment designed by Gensler’s San Francisco architectural team.