While Target’s quarterly profits were in line with its expectations, the company drastically lowered its forecast for 2014 from last quarter due largely to the effects of its data breach and costs of its Canadian expansion.
Tourism
Target ousted the president of its Canadian operations the same day it announced that one of its longtime executive vice presidents plans to retire.
Approximately 29.4 million travelers visited the Twin Cities in 2013, representing a 5.4 percent increase over 2012, according to a study commissioned by Meet Minneapolis.
National sales tied to the recreational boating industry increased amid higher demand and the introduction of new products.
The biggest immediate obstacle: Flush Chinese tourists don’t know MOA exists.
Gregg Steinhafel’s compensation fell during the company’s latest fiscal year, but he’ll receive a severance package worth millions following his “involuntary termination for reasons other than for cause.”
Among the many stores seeking applicants are Saks Fifth Avenue’s Off Fifth, Coach, Michael Kors, Nike, and Gap Factory Store.
The Minneapolis-based retailer is taking another step in its attempt to prevent future data breaches.
Target Field will host the 2014 All-Star Game on July 15.
Roundy’s announced plans to vacate the competitive Twin Cities market, starting with the sale of the majority of its local Rainbow brand grocery stores.
The company said it hasn’t nailed down which regions of the country will be most affected by the consolidation or how many jobs will be cut.
As Gregg Steinhafel leaves Target, the retailer's troubles extend beyond a massive data breach and challenges in Canada.
The store encourages customers to sample and taste its artisanal products, many of which literally are dispensed from taps and kegs.
Regis swung to a quarterly loss of $9.5 million, but the company remains invested in its turnaround attempt, which has involved improved point-of sale systems and the installation of new leaders.
Peter Taunton, founder of Snap Fitness and its parent company Lift Brands, announced aggressive growth plans for YogaFit Studios.
Bob DeRodes joins the Minneapolis-based retailer as chief information officer while the company continues to search for a new chief information security officer and chief compliance officer.
The Twin Cities’ happy Irish warrior flogs his accessible whiskey while he prepares to diversify.
They’re dark, chaotic and loud. Buffalo Wild Wings tries to hit the reset button to become a restaurant that happens to be a sports bar.