Sales & Marketing

Jacksonville, Fla. -- Stein Mart reported Monday that it has restated its 2011 periods and first quarter 2012 results, released its full-year 2012 financial numbers, and said it will unveil several key initiatives in 2013.

For the fourth quarter, net income was $13.5 million, compared to $5.9 million last year. Sales surged 11.4% to $368.6 million from $331 million, and same-store sales increased 6% in the quarter.

MISSISSAUGA, Ontario — According to a survey conducted by Leger Marketing on behalf of Walmart Canada, Canadians would pay their mom an average annual salary of $161,287 per year.

By Greg Caster, managing director, Accenture Retail

Most incoming CEO’s put together a ‘100-day plan’ as they embark on the new role. In the case of Mr. Ullman, it is his second 100-day plan at J.C. Penney. But the world and company is very different from December 2004 when he wrote his first plan, and this one will be written in the knowledge that he is the interim CEO for a company in crisis.

AUSTIN, Texas — H-E-B announced the statewide winners of its 12th annual H-E-B Excellence in Education Awards during a banquet at Austin’s Hilton Hotel.

At the ceremony, H-E-B chairman and CEO Charles Butt disbursed $585,000 in cash awards and grants and personally congratulated 23 educators, campuses, school districts and one early childhood agency for being among the best in Texas.

Huntsville, Ala. -- Brentwood, Tenn.-based GBT Realty has completed construction on Huntsville, Ala.’s first Academy Sports + Outdoors. The 72,000-sq.-ft. store, which opened on April 26, is the third Academy Sports development for GBT. Reed Construction served as site contractor and Stewart Perry Construction as general contractor on the project.

GBT completed construction in fall 2012 for stores in Mobile, Ala., and Smyrna, Tenn.

SAN DIEGO — Petco's National Adoption Weekend coincides with Mother's Day, and to honor mom on her special day, the retailer is showcasing moms who have adopted or fostered a pet in need while trying to find homes for pets in shelters.

Petco will hold adoption events nationwide from Saturday, May 11 through Sunday, May 12. Attendees will have the opportunity to meet pets in need of homes, speak with local adoption groups about fostering and learn how to properly care for a new pet's physical, mental, social and emotional needs.

Los Angeles -- Midtown Shopping Center Associates said it has acquired the land under Midtown Shopping Center plus two adjacent properties totaling 14.56 acres for $42.5 million from Catellus Development Corp., based in Denver.