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Target warns Q1 profit will fall short of forecast
Minneapolis -- Target Corp. said Tuesday it will miss its first-quarter profit outlook as seasonal and weather-sensitive items underperformed.
The retailer also said it now expects same-store sales to be flat in the quarter.
Target’s quarterly results are slated to be reported on May 22. -
Market Street Place to launch construction
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.