Best Buy’s expensive Super Bowl ad appears to have been popular among viewers; meanwhile, the company continues to close big-box stores and cuts jobs, although its period of turmoil has proven lucrative for many executives.
Hospitality + Events
The 34-minute blackout during Sunday’s game extended the time viewers spent at Buffalo Wild Wings restaurants.
Struggling Supervalu, which recently struck a deal to sell several of its brands, said that its new CEO will start immediately rather than assuming his post after the close of the sale, as was previously planned.
Others that made the list include The Saint Paul Hotel, Hotel Ivy, and The Westin Edina Galleria.
Shea has figured out what it takes to succeed in perhaps the toughest business out there—restaurants.
Groundswell Coffee is looking to expand and offering a glass of free beer or wine each day for life to those who help pay for it.
The coupon allowed consumers to use it on gift cards for iTunes, Amazon, or Best Buy, and it didn’t limit the number of gift cards that could be purchased; the company cancelled it and issued a new coupon after discovering the error.
Jason Goldberger, the company’s new senior vice president of target.com and mobile, has a history of working in online retail.
Best Buy is once again among the group of advertisers that have bought a coveted Super Bowl spot; Target, meanwhile, has launched a mobile game meant to help promote products for game-day parties.
The partnership will give the restaurant chain marketing and promotional rights to all 89 of the NCAA championships.
Shares of Christopher & Banks’ stock climbed on news that the retailer—which is in the midst of a major turnaround effort—has raised its fourth-quarter outlook.
Winmark Corporation, which has been growing recently thanks to its fast-growing Plato’s Closet women’s clothing resale franchise, will soon launch another similar concept.
Shortly after adopting a year-round online price-match policy and reporting flat December sales at stores open for at least a year, Target is introducing six online-only brands; the retailer separately announced plans to cut ties with RadioShack and begin working with two new mobile phone partners.
Following the sale of 877 stores to an investor group led by Cerberus Capital Management, Supervalu will replace CEO Wayne Sales with Sam Duncan, a retail veteran who most recently led OfficeMax.
The band’s leaders did not disclose the names of the hotels, although sources told local news outlets that they are the Crowne Plaza and DoubleTree in downtown St. Paul.
The retailer said that it received positive feedback about its holiday online price-matching policy and is extending the program throughout the whole year.
The downtown St. Paul store is one of five Macy’s stores set to close this spring; meanwhile, Macy’s will consolidate its two Ridgedale Center stores into a single expanded location.
Still, the retailer expects fourth-quarter earnings per share to “meet or somewhat exceed” the low end of its previously announced guidance.