Mass Merchant

Chattanooga, Tenn. -- CBL & Associates Properties announced that Jimmy Neely and Kyle Capshaw have joined the company's leasing department.

Neely joins CBL as a senior leasing manager responsible for Hanes Mall in Winston Salem, N.C., and Randolph Mall in Asheboro, N.C. He previously held various positions with Colonial Property Trust of Birmingham, including leasing, development and peripheral property.

Minneapolis -- Target Corp. reported Wednesday that earnings for the second quarter rose 3.7%, boosted by same-store sales growth and beating Wall Street expectations.

The retailer posted a profit of $704 million for the quarter ended July 30, compared with $679 million in the year-ago period. Revenue rose 4.6% to $16.24 billion, besting analysts’ expected $16.17 billion. Same-store sales rose 3.9%.

Dedham, Mass. -- Chestnut Hill, Mass.-based WS Development said that J. Crew has opened at Legacy Place, located in Dedham, Mass.

The 6,000-sq.-ft. J.Crew is located near Sephora, Apple, and Williams-Sonoma and adjacent to Brooks Brothers, Johnston & Murphy and Orvis.

Opened in 2009, Legacy Place is anchored by Whole Foods Market, L.L. Bean, Showcase Cinema de Lux, and Kings.
 

Fort Worth, Texas -- Centro Properties Group US announced that Charming Charlie has opened a new store in Fort Worth, Texas.

The new 8,878-sq.-ft. store recently opened at Trinity Commons, which is owned by Centro Properties, based in New York City.

 

Stirling Properties, the developer of River Chase Shopping Center in the south Louisiana community of Covington, announced that Sam’s Club is coming to the center, planning a fall 2012 opening for the new 136,000-sq.-ft. warehouse club.

The largest open-air retail center in St. Tammany Parish, the 640,000-sq.-ft. River Chase is currently anchored by Target, Belk, J.C. Penney. Best Buy, Marshalls, Ross Dress for Less and a 14-screen Hollywood Theater.

MINNEAPOLIS — Target reported second quarter earnings per share of $1.03 that beat analysts’ estimates by a nickel, and the company elevated its full year profit forecast amid ongoing success of key initiatives.

Retail sales increased 5.1% to $15.9 billion from $15.1 billion thanks to a 3.9% same-store sales increase and the addition of several new stores. Operating profit for the retail business increased at a slower rate, rising 4.6% to $1.147 billion from $1.096 billion.

Westborough, Mass. -- BJ's Wholesale Club reported Wednesday that net income for the quarter ended July 30 increased 28% to $45.7 million, compared with $35.7 million in the year-ago period.

The warehouse club operator said revenue rose 11% to $3.05 billion from $2.75 billion, beating an expected $2.98 billion. Revenue from membership fees increased to $51.8 million from $47.5 million, while net sales rose to $2.98 billion from $2.69 billion. Same-store sales rose 7.8%, including a 4% contribution from fuel sales.

Jackson, Miss. -- Altar’d State, retailer of apparel and accessories, as well as home goods, personal care products, and books and music, opened a new store at the Renaissance at Colony Park, in Jackson, Miss., on Aug. 13.

Located across from P.F. Chang’s, between Talbots and Cellular South, Altar’d State makes it a practice to support charitable causes in each community it locates in.