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A group of retailers has opted out of a $7.2 billion settlement with the credit card companies and is now pursuing its own legal action.
ValueVision Media, previously known for its ShopNBC brand, has rebranded its business and swung to a profit for the first time in years.
The retailer said first-quarter profits were dragged down by soft sales in weather-sensitive categories, and it cut its full-year earnings outlook.
The retailer’s first-quarter net loss totaled $81 million, and its revenue declined nearly 10 percent; cost-cutting initiatives and the shift in the timing of Super Bowl-related sales both contributed to the declines.
Target opened a new office in San Francisco that will focus on finding and fostering partnerships for technological innovation.
Bellisio Foods has agreed to acquire frozen food products manufacturer Overhill Farms, Inc., which provides branded and private-label frozen food products for businesses in the foodservice, retail, and airline industries.
A former employee of Memory Lane Classics, a car restoration company in Chisholm, was charged Tuesday with wire fraud and transaction money laundering.
Granite City Food & Brewery’s revenue increased by 22 percent and its loss narrowed in its most recent quarter.
Meng Zhou will act as president of Best Buy China and CEO of the company’s Five Star electronics chain.
Chief Financial Officer Sherry Smith was scheduled to leave Supervalu at the end of May but is now staying on until the end of July for an extra $300,000, in addition to her usual salary.
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