Executives from Ecolab and Yahoo! were recently appointed to Target’s board; separately, the retailer said it has completed the $5.7 billion sale of its consumer credit card portfolio to TD Bank Group.
Tourism
The company benefited from higher same-store sales and significantly narrowed its year-over-year loss.
The restaurant chain, which entered Canada in 2011 and has plans for new locations in the Middle East and Puerto Rico, has now reached agreements with franchisees for a rollout in Mexico.
In other partnership-related news, Target has tabled its boutique-within-a-store concept that debuted last year—and it is reportedly involved in testing a new same-day product delivery service that Google is exploring.
After two analysts upgraded Best Buy’s stock last month, two more have followed suit in March—and like the others, they credit the company’s new leadership team for what appear to be signs of a turnaround.
Upgrades include improving snowmaking in order to open Afton Alps earlier in the season and adding a better snow surface.
Entrants must present their vision for a native mobile app, a mobile-enabled Web experience, or a mobile design that can be integrated into Target’s existing apps or mobile services.
The retailer’s first 24 Canadian stores will have soft openings this month—and Target plans to open 124 stores throughout the country in 2013.
A Star Tribune report, citing unnamed sources, indicated that founder Richard Schulze appears to be backing off a bid to acquire the company but is trying to regain his former position as chairman of the board.
In addition, sales have been “softer than expected” so far in February, but the company believes its foray into Canada, policy of matching online competitors’ prices, and new designer lines will help business this year.
The Richfield-based electronics retailer said eliminating 400 jobs at its headquarters will help cut costs by $150 million—but it marks only the first step in a larger cost-reduction strategy.
Say goodbye to rubber chicken.
The company allegedly denied people with criminal records job interviews even when the crime was old, expunged, or irrelevant to the job they were applying for.
Macy’s has closed and Lawson might leave, but the Saints ballpark, light rail, and residential projects are underway.
The CBD looks ready to reinvent itself.
The retailer will match the prices of all local retail competitors and 19 major online competitors, a move it says will end the practice of “showrooming.”
The Wall Street Journal, citing unnamed sources, reported that Richard Schulze is weighing the idea of lining up investors to take a minority stake in Best Buy, rather than moving forward with a private takeover.
St. Paul-based King Brothers Clothiers has introduced the ShelbyKnot Collection, a line of neckwear that shares the name of a knot made popular by Don Shelby.
In addition to the Sports Illustrated partnership, Target rolled out a commercial boasting an exclusive version of Justin Timberlake’s first album in six years, and it promoted its exclusive new Prabal Gurung design collection with a lavish launch party during New York Fashion Week.