The Golden Valley-based food giant expects to lay off over 700 workers in the United States and Canada.
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The retailer’s revenue hit $11.6 billion, a significant jump from pre-pandemic levels.
The Austin, Minn.-based company reported a record $2.6 billion in sales during its second quarter, due in part to a recovering foodservice sector.
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The first quarter of 2021 was marked by an “enthusiastic return to in-store shopping,” CEO says.
But mandates will remain in place where prescribed by local ordinances.
Company’s pet food sales is fastest-growing division.
The Minneapolis-based bank is providing a share of a $25 million funding package to three Minnesota nonprofits, which will in turn distribute the money to small businesses owned by women of color.
The cooperative teams with businesses and nonprofits to create an American Connection Corps of young advocates.
A jump in retail sales boosted the company’s bottom line.
Lower allowance for credit losses benefits bottom line.
Located near the Sherco coal plant in Becker, the $575 million venture would produce enough carbon-free energy to power 100,000 Upper Midwest homes per year, officials say.
Six Black-owned businesses in Minneapolis-St. Paul will receive advice and financial assistance during Season 6 of Deluxe Corp.’s TV series.
The company aims to add products to shelves from more than 500 Black-owned companies.
The company said that changes in shopper behaviors will lead to “ongoing elevated consumer demand for food at home.”
The city of Rochester has now topped $1 billion in investment since 2013.
The retailer’s headquarters will remain in downtown Minneapolis, and the company will still own and lease more than 3 million square feet of office space in the Twin Cities
Physical stores still playing an important role in the retailer’s strategy, execs say.
On Season 6 airing this fall, Amanda Brinkman and new co-host, former NBA star and entrepreneur Baron Davis, will offer advice to businesses in six neighborhoods of Minneapolis and St. Paul.
Only Minnesota location to be in Monticello.
Despite strong sales in its fourth quarter, the retailer is tweaking its operating model to adjust to “permanent” changes in customer shopping patterns, execs said.
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