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  • Stein Mart granted OK for continued Nasdaq listing

    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.

  • Crabtree & Evelyn teams with Demandware for digital/mobile commerce

    Burlington, Mass. -- Demandware said Tuesday that Crabtree & Evelyn has re-launched  its U.S. e-commerce site, Crabtree-evelyn.com, on the Demandware Commerce platform. In addition, Crabtree & Evelyn is leveraging Demandware’s web design capabilities to extend the online shopping experience to smartphones and tablets.

    The 500+-store Crabtree & Evelyn also plans to use Demandware Commerce to support its global expansion strategy.

  • 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.

     

  • Survey: Consumers loyal to brands that create social media experience

    New York -- Survey results released Tuesday by Analytic Partners found that 48% of people between the ages of 18-44 feel that any loyalty they have toward brands in the future will have to stem from the types of experiences the brands create for them.

    The experience includes interaction such as video/online gaming, social media and third-party expert information through blogs and articles.

  • Walmart unveils sustainable commitments in global meeting

    Bentonville, Ark. -- In its Global Sustainability Milestone Meeting on Monday, Walmart announced new commitments the retailer says will dramatically increase energy efficiency and renewables, and hasten its path toward being 100% supplied by renewable energy.

    Walmart president and CEO Mike Duke outlined specific goals the company said it intends to achieve by Dec. 31, 2020:

  • Deloitte: Shoppers’ belts remain tight despite improving economy

    New York -- Survey results by Deloitte, released Tuesday, found that even as the economy improves, 94% of Americans indicate they will remain cautious and keep their spending for food, beverage and household goods at its current level.

    According to Deloitte's 2013 American Pantry Study, 92% indicated they have become more resourceful, and 86% say they are getting more precise in what they buy -- attitudes that have remained consistent in the three years Deloitte has conducted the study, and across income levels.

  • Ikea plugs-in Maryland’s largest rooftop solar energy system

    Perryville, Md. -- Ikea said Tuesday it has plugged-in the solar energy system installed at its distribution center in Perryville, Md.
     
    The 768,972-sq.-ft. PV array consists of a 2,674.9-kW system, built with 18,576 panels, and is the state’s largest rooftop array.

    The Ikea distribution center will produce approximately 3,397,178 kWh of clean electricity annually, the equivalent of reducing 2,397 tons of carbon dioxide, eliminating the emissions of 499 cars or powering 359 homes yearly.  
     

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