Although Target’s Canadian expansion has hit a few road bumps and incurred financial losses, the company said it has plans to open at least nine more stores in the country this year.
Tourism
The recreational vehicle company generated record profits and revenue for its fourth quarter on increased off-road vehicle and motorcycle sales, and while it's expecting further growth in 2014, its outlook is more cautious than that of analysts.
The trade, transportation, and utilities sector—which includes retail—added 4,600 jobs in December, fueling Minnesota’s employment growth during the month.
Target is making another round of job cuts; it's also dropping health insurance for part-time workers but giving $500 to those affected.
The story of ShopJimmy.com, the hobby that became a $22 million business.
Japan-based technology company Ricoh announced Tuesday that it is buying a cloud and IT services business from Best Buy, which the Minnesota company bought for $167 million at the end of 2011.
Target recently announced plans to open new stores in Ohio, California, New Jersey, and Massachusetts; they will open shortly after Target closes locations in Illinois, Nevada, Georgia, Ohio, Tennessee, and Florida.
Grocery Shopping Network is becoming part of the “Shoptopia Network,” an online aggregator of products sold by a wide variety of retailers.
On the news of unexpectedly poor holiday sales, Best Buy’s stock fell nearly 30 percent Thursday and its CEO announced that the company would need to cut costs.
A recent study revealed that Twin Cities residents are less confident in their personal finances than financial experts believe, and that most plan to focus on paying down debt, rather than increasing spending.
Target has not indicated that pharmacy records were exposed, although some say the recent data breach amplifies concerns about “medical identity theft” at retail chains with pharmacies.
Christopher & Banks said that weather conditions affected fourth-quarter sales but its profit margins will likely improve more than the company previously anticipated.
Maurices released new details—including renderings—of its planned 11-story headquarters building in downtown Duluth.
The city reportedly bought Brookdale Square for $3.9 million and is planning a large-scale redevelopment.
Although the grocery retailer’s revenue fell slightly, its profits jumped from $16 million to $31 million in its fiscal third quarter.
The Nebraska-based hunting- and fishing-gear retailer said it plans to hire about 150 full-time, part-time, and seasonal employees this month for its Woodbury store, which opens this spring.
Longtime Star Tribune sports columnist will sell some of his clothes in St. Louis Park this weekend.
The maker of Sleep Number beds said that sales missed internal goals during the holiday season and it is planning for a “challenging environment” in 2014.