The first three Target stores in Canada were met with mixed reviews as some Canadian customers believed prices were too high.
Tourism
The buyer, a San Francisco-based investment firm, signed a long-term contract with Minnetonka-based Carlson Rezidor Hotel Group, which owns the Radisson Blu Brand, to manage the hotel; renovations will begin later this year.
Target is now expecting its adjusted first-quarter earnings to be slightly below what it previously projected, but it remains confident in its full-year forecast.
Burnsville-based Rixmann Companies has debuted a new retail store called PA Exchange, which specializes in new and second-hand goods.
The sale aligns with the struggling company’s efforts to evaluate “non-core” assets, cut costs, and refocus on its North American salon operations.
Just months after being taken private, Caribou Coffee is closing 80 locations in several markets; its new owner, meanwhile, will convert another 88 locations into Peet’s Coffee & Tea stores.
The 30,000-square-foot facility is “focused specifically on fulfilling the needs of firearms enthusiasts,” and it will feature thousands of new and used guns.
As part of a larger gun-safety campaign, the hood of a Gander Mountain-sponsored Nascar race car will feature the phrases “With Rights Comes Responsibility” and “Secure Your Firearms.”
The retailer said that calling the same style of dress in the exact same color “manatee gray” for the plus-size version and “dark heather gray” for standard sizes was an “unintentional oversight” that it’s working to fix.
Construction on the new downtown Duluth office tower that will house Maurices’ national headquarters will not begin until spring 2013, about 6 months later than projected.
The company, which is much smaller after having just divested five grocery chains, is eliminating about 22 percent of its Minnesota office jobs.
Best Buy founder Richard Schulze, who did not submit a takeover bid prior to a recently passed deadline, has been named chairman emeritus; former executives Brad Anderson and Al Lenzmeier, meanwhile, have joined Best Buy’s board.
Primebar was the latest in a series of restaurants that came and went at the prominent Calhoun Square space that it occupied; previous tenants were Parasole’s Il Gatto, and Figlio.
In the Galleria, a furniture row.
Nicholas Wang, the CEO of Best Buy’s Five Star electronics chain in China, reportedly left the company earlier this week.
The company said it is exploring additional investment opportunities in other emerging restaurant concepts that have growth potential.
Target ranked second and Best Buy ranked 13th, although Best Buy’s “brand value” declined a whopping 52 percent year-over-year to $8.1 billion.
A Caribou Coffee location was included in a prototype of J.C. Penney’s next-generation stores, but the coffee chain has reportedly stopped pursuing plans to open outlets inside the retailer’s stores.