A company executive said that opening stores on the evening of the holiday will create an “after-dinner shopping event that the entire family can enjoy”—but more than 190,000 people have signed an online petition protesting the decision.
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The company said that the U.S. Department of Justice has issued a “second request” for additional information and documentation related to the deal; such requests were issued in just 4.1 percent of merger transactions submitted to federal antitrust regulators during the government’s 2011 fiscal year.
Among his priorities: “Stabilize and then begin increasing” same-store sales, and “achieve over time” an operating margin of between 5 and 6 percent and a 13 to 15 percent return on invested capital.
Last year, the event raised $13.56 million for Minnesota nonprofits and charities.
Best Buy, which has been restructuring its leadership team under CEO Hubert Joly, said that former Williams-Sonoma Chief Financial Officer Sharon McCollam will succeed outgoing CFO James Muehlbauer.
Roughly 25 products in Target stores nationwide and more than 300 products on Target’s website now feature reviews written by editors at technology news website CNET.
Lessons learned at the state’s most influential journalistic startup.
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Copenhagen, Denmark-based Secunia, whose software portfolio helps corporate and private customers manage and control vulnerabilities across their IT networks, plans to open its Minneapolis office at the beginning of 2013.
Eden Prairie-based IrriGreen, having advanced from the Cleantech Open’s North Central Region competition, will compete Thursday and Friday on the national stage for a grand prize of $250,000 in investments and services.
The agricultural co-op’s net income totaled $1.26 billion for the fiscal year that ended in August, up 31 percent from the prior year; earnings during the fourth quarter, meanwhile, jumped 75 percent to $360.9 million.
The Burnsville-based retailer expects that the acquisition will make it a nearly $1.5 billion company.
3M CEO Inge Thulin said the company aims to grow revenue from existing businesses by 4 to 6 percent annually between 2013 and 2017; meanwhile, the company hopes to increase earnings per share by 9 to 11 percent each year during that period and boost research spending to 6 percent of sales by 2017.
The team’s new local owner reportedly ensures that it will remain in Minnesota.
The retailer, which has announced plans to open 10 new U.S. stores next year, said it will close four existing locations “after careful consideration of the financial performance” of each of them.